<span item_type="fundamental" item_id="d7ccc571ea272f448a6232c7ec3489b3" counter_id="ST/US/NG" env="prod"></span><span item_type="announcement" item_id="566714736194423937" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 0.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.04.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -11.14 M.</p><p></p><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended August 31, 2025, the net loss was - $15.6 million, compared to - $10.7 million for the same period in 2024. For the nine months ended August 31, 2025, the net loss was - $79.0 million, compared to - $34.8 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li><li><strong>General &amp; Administrative Expenses</strong>: For the three months ended August 31, 2025, expenses were $6.3 million, compared to $5.1 million in 2024. For the nine months ended August 31, 2025, expenses were $16.9 million, compared to $19.0 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the nine months ended August 31, 2025, net cash used was - $7.99 million, compared to - $10.6 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li><li><strong>Net Cash Provided by Investing Activities</strong>: For the nine months ended August 31, 2025, net cash used was - $235.6 million, compared to $10.6 million provided in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the nine months ended August 31, 2025, net cash provided was $259.5 million, compared to - $0.2 million used in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Investment in Donlin Gold</strong>: The company increased its ownership interest in Donlin Gold to 60% on June 3, 2025, with an additional investment of $210.1 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company aims to complete the Bankable Feasibility Study (BFS) for the Donlin Gold project and move towards a construction decision. The 2025 Donlin Gold budget remains at $43.0 million, with NOVAGOLD’s share increased to $24.0 million due to the additional 10% ownership.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company is exploring opportunities to deliver natural gas to Southcentral Alaska, which could benefit Donlin Gold and its stakeholders.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li></ul><h3>Revised 2025 Guidance</h3><ul><li><strong>Corporate General and Administrative Costs</strong>: Expected to increase to $18.0 million from the previous guidance of $16.0 million due to higher professional fees related to the Donlin Gold Transaction.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1173420/000117184325006209/ng20250831_10q.htm"></span></li></ul>

Novagold Res | 10-Q: FY2025 Q3 Revenue: USD 0