NOVAGOLD provides update on Donlin Gold energy and infrastructure with initial Glenfarne letter of intent

NOVAGOLD announced an initial letter of intent with Glenfarne regarding potential natural gas supply for the Donlin Gold project and described possible pipeline and power plant infrastructure. The release also reiterates that the statements are forward-looking and cites Donlin Gold resource and reserve figures from 2021 technical reports.

NOVAGOLD issued a media release announcing an initial letter of intent with Glenfarne about potential natural gas sales for the Donlin Gold project. The release discusses possible support for the project through a natural gas pipeline from Southcentral Alaska and a power plant to supply electricity. It notes that these and other statements are forward-looking and based on assumptions and risk factors. The release also cites resource and reserve figures from the 2021 NI 43-101 Technical Report and the S-K 1300 Technical Report Summary. Key points: - NOVAGOLD reported an initial letter of intent with Glenfarne concerning potential natural gas sales for Donlin Gold. - The release mentions potential development of a natural gas pipeline from Southcentral Alaska and a power plant to supply electricity to the proposed mine. - The statement is presented as forward-looking and lists assumptions and a range of risks that could affect outcomes. - Donlin Gold resource and reserve data are cited from the 2021 Technical Report and the S-K 1300 summary, including 100% basis figures and amounts attributable to NOVAGOLD through its 60% ownership interest. Summary: The announcement frames the Glenfarne letter of intent as an initial step toward potential energy and infrastructure options for Donlin Gold. Undetermined at this time.