NovaGold Resources Inc. reported a net loss of USD 15.6 million for the fourth quarter of fiscal year 2025. The net loss for the period increased by 36 percent due to higher expenses related to the Donlin Gold project and increased professional fees. During the second and third quarters, the company incurred USD 9.1 million in investment banking and legal fees related to the Donlin Gold Transaction, capitalized alongside USD 201 million paid for the acquisition of an additional 10 percent interest in Donlin Gold. NovaGold continues to focus on advancing project milestones, maintaining capital resources, and progressing with technical and permitting objectives for its Donlin Gold project.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NovaGold Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-000374), on January 22, 2026, and is solely responsible for the information contained therein.