NOVAGOLD Issues its 2021 Annual Report Featuring a Conversation Between Dr. Thomas Kaplan and John Hathaway
31 März 2022 - 9:05PM
NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE
American, TSX: NG) has published its 2021 Annual Report (the
“annual report”).
This year’s annual report includes a special feature
highlighting a discussion between NOVAGOLD’s Chairman Dr. Thomas
Kaplan and John Hathaway, portfolio manager of Sprott Hathaway
Special Situations Strategy and co-portfolio manager of the Sprott
Gold Equity Fund. They discuss the gold market trajectory,
jurisdictional safety and cryptocurrencies. Dr. Kaplan emphasizes
NOVAGOLD’s unique position to significantly outperform its peer
group, particularly in the current market environment. The
interview was filmed at the New York Stock Exchange in December
2021 and a video of the conversation is available at
www.novagold.com/media-gallery.
In the report, NOVAGOLD’s President and CEO Greg Lang summarizes
many milestones that were achieved in 2021, including the
advancement of our Donlin Gold project up the value chain against
the backdrop of the global COVID-19 pandemic, with the highest
safety standards and no lost-time incidents on site. Mr. Lang
highlights the Company’s ESG principles, along with its strong
time-tested relationships with the project’s Native Corporation
partners – Calista Corporation and The Kuskokwim Corporation – with
whom we are committed to responsible mine development in the Y-K
region. In addition, Mr. Lang outlines the Company’s 2022 goals and
budget, as well as reviews NOVAGOLD’s strong financial
position.
The 2021 annual report is available on
NOVAGOLD’s website
https://www.novagold.com/investors/financials/.
If you would like to receive a hard copy by
mail, please send an email request to info@novagold.com.
NOVAGOLD welcomes comments, questions, or suggestions about the
annual report and related information. Please send your feedback
to info@novagold.com.
NOVAGOLD Contacts:
Mélanie HennesseyVice President, Corporate Communications
Allison PettitManager, Communications
604-669-6227 or 1-866-669-6227
Cautionary Note Regarding Forward-Looking
Statements
This media release includes certain “forward-looking
information” and “forward-looking statements” (collectively
“forward-looking statements”) within the meaning of applicable
securities legislation, including the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are frequently, but not always, identified by words such
as “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“potential”, “possible”, and similar expressions, or statements
that events, conditions, or results “will”, “may”, “could”, “would”
or “should” occur or be achieved. Forward-looking statements are
necessarily based on several opinions, estimates and assumptions
that management of Barrick and NOVAGOLD considered appropriate and
reasonable as of the date such statements are made, are subject to
known and unknown risks, uncertainties, assumptions, and other
factors that may cause the actual results, activity, performance,
or achievements to be materially different from those expressed or
implied by such forward-looking statements. All statements, other
than statements of historical fact, included herein are
forward-looking statements. These forward-looking statements
include statements regarding assay results; the anticipated timing
of a decision by the Board of Donlin Gold LLC to prepare a
feasibility study update; anticipated benefits from the recent
drill programs including an improved geological model for Donlin
Gold; the work program for the 2022 field season; ongoing support
provided to key stakeholders including Native Corporation partners;
the potential impact of the coronavirus global pandemic (COVID-19)
on the development of Donlin Gold; the potential development and
construction of Donlin Gold; the sufficiency of funds to continue
to advance development of Donlin Gold; perceived merit of
properties; mineral reserve and resource estimates; Donlin Gold’s
ability to secure the permits needed to construct and operate the
Donlin Gold project in a timely manner, if at all; and legal
challenges to Donlin Gold’s existing permits. In addition, any
statements that refer to expectations, intentions, projections or
other characterizations of future events or circumstances are
forward-looking statements. Forward-looking statements are not
historical facts but instead represent the management expectations
of NOVAGOLD’s estimates and projections regarding future events or
circumstances on the date the statements are made.
Important factors that could cause actual results to differ
materially from expectations include the need to obtain additional
permits and governmental approvals; the timing and likelihood of
permits; the need for additional financing to explore and develop
properties and availability of financing in the debt and capital
markets; the spread and impact of COVID-19; uncertainties involved
in the interpretation of drill results and geological tests and the
estimation of reserves and resources; changes in mineral production
performance, exploitation and exploration successes; changes in
national and local government legislation, taxation, controls or
regulations and/or changes in the administration of laws, policies
and practices, expropriation or nationalization of property and
political or economic developments in the United States or Canada;
the need for continued cooperation between Barrick and NOVAGOLD for
the continued exploration, development and eventual construction of
the Donlin Gold project; the need for cooperation of government
agencies and native groups in the development and operation of
properties; risks of construction and mining projects such as
accidents, equipment breakdowns, bad weather, disease pandemics,
non-compliance with environmental and permit requirements,
unanticipated variation in geological structures, ore grades or
recovery rates; unexpected cost increases, which could include
significant increases in estimated capital and operating costs;
fluctuations in metal prices and currency exchange rates; whether a
positive construction decision will be made regarding Donlin Gold;
and other risks and uncertainties disclosed in NOVAGOLD’s most
recent reports on Forms 10-K and 10-Q, particularly the "Risk
Factors" sections of those reports and other documents filed by
NOVAGOLD with applicable securities regulatory authorities from
time to time. Copies of these filings may be obtained by visiting
NOVAGOLD’s website at www.novagold.com, or the SEC's website at
www.sec.gov, or at www.sedar.com. The forward-looking statements
contained herein reflect the beliefs, opinions, and projections of
NOVAGOLD on the date the statements are made. NOVAGOLD assumes no
obligation to update the forward-looking statements of beliefs,
opinions, projections, or other factors, should they change, except
as required by law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/66a9bbe3-4720-4038-8d57-70ed08167c69
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