NovaGold reports $370M cash, $26M Q2 loss as Donlin Gold feasibility study advances

Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• high

  Cash position declined to $370.2M from $392.5M prior quarter as company spent $22.7M operationally—$16.3M funding its 60% share of Donlin Gold feasibility work and $6.4M on corporate costs. Net loss of $25.5M ($0.06/share) reflects development-stage status with no production revenue.

  Exhibit 99.1 verify on EDGAR →
• high

  Bankable Feasibility Study progressing on schedule under Fluor's leadership with specialist contractors advancing critical infrastructure including power plant, natural gas pipeline, and processing facilities. BFS targeted for 2027 completion ahead of construction decision.

  Exhibit 99.1 verify on EDGAR →
• medium

  Alaska Supreme Court heard oral arguments in June on Clean Water Act Section 401 certification challenge—the sole remaining legal challenge to state permits. Decision pending; all permits remain in effect during legal proceedings.

  Exhibit 99.1 verify on EDGAR →