NovaGold Resources (NG) reported Wednesday a fiscal Q1 net loss of $0.04 per diluted share, widening from a loss of $0.03 a year earlier.

No revenue was reported for the quarter ended Feb. 28.

The company said it had about $392.5 million in cash, cash equivalents and term deposits as of Feb. 28, which should be enough to fund the completion of the Donlin Gold feasibility study and exercise its option to prepay the Barrick promissory note.

Shares of the company were up 1.9% in Wednesday premarket activity.