Novagold Rscs Stock Price, News & Analysis

Donlin Gold LLC, jointly owned by Barrick Gold and NOVAGOLD, has encountered an appeal regarding the 401 Certification for its project, filed by Earthjustice on behalf of the Orutsararmiut Native Council. This appeal challenges the June 2021 decision by Alaska's ADEC Commissioner to uphold the certification, which is crucial for project advancement. Donlin Gold asserts that the decision confirms compliance with environmental standards and emphasizes its commitment to sustainable development. The project contains significant gold reserves, with approximately 39 million ounces.

NOVAGOLD RESOURCES INC. (NYSE American: NG) will announce its 2021 Q2 financial results on June 29, 2021, after market close. A conference call and video webcast to discuss these results is scheduled for June 30, 2021, at 8:00 am PT (11:00 am ET). CEO Greg Lang and CFO David Ottewell will present the financial summary and updates on the Donlin Gold project. The session will include a Q&A segment, providing an opportunity for investor inquiries.

NOVAGOLD Resources announced the results of its Annual and Special Meeting held on May 12, 2021. A total of 237,189,817 shares, representing 71.58% of the outstanding shares, participated in the voting. All four proposals, including the election of directors and appointment of auditors, received overwhelming approval.

The election of directors saw votes ranging from 94.71% to 99.63% in favor. The appointment of PricewaterhouseCoopers as auditors was approved with 98.87% support. Shareholder engagement improved corporate governance practices, reflecting the company's commitment to transparency.

NOVAGOLD Resources will host its Annual and Special Meeting of Shareholders on May 12, 2021, at 1:00 p.m. PT, via a virtual format. Shareholders can vote by proxy, join the webcast, and submit questions digitally. This decision prioritizes safety amidst COVID-19, enhancing accessibility and reducing the carbon footprint. Following the meeting, Chairman Thomas Kaplan and CEO Greg Lang will discuss NOVAGOLD’s 2020 accomplishments and future outlook. Shareholders are encouraged to log in early and have their voting materials ready.

NOVAGOLD reported outstanding assay results from its successful 2020 drill program at the Donlin Gold project, validating higher grade-thickness results than previously modeled, indicating strong gold mineralization. The company maintains a robust treasury of $114 million in cash, with an additional $75 million expected in July 2021. The drilling program encompassed 85 holes over 23,361 meters, revealing high-grade extensions. As of February 2021, NOVAGOLD's share of Donlin Gold losses increased but still represents a strong investment potential given the project's unique qualities and exploration upside.

Donlin Gold LLC, co-owned by Barrick Gold and NOVAGOLD (NG), announced positive results from its 2020 drill program, comprising 85 holes and 23,361 meters drilled. The assays exhibited higher grade-thickness than anticipated, enhancing geological modeling confidence. The Board plans additional drilling in 2021 to further investigate mineralization continuity and structure. Key drill intersections included 51.15 m at 4.6 g/t gold. Safety protocols resulted in zero COVID-19 cases on site. Donlin Gold holds approximately 39 million ounces of gold, constituting one of the largest undeveloped gold resources globally.

National Grid plc (LSE: NG, NYSE: NGG) has agreed to acquire Western Power Distribution from PPL Corporation for £7.8 billion. Concurrently, PPL will acquire National Grid’s Narragansett Electric Company in Rhode Island for $3.8 billion (£2.7 billion). This move aims to enhance National Grid's U.K. electricity distribution scale while allowing PPL to broaden its U.S. operations. Both transactions are subject to shareholder and regulatory approvals, expected within 4 months for Western Power and 9-12 months for Narragansett.

National Grid has reached an agreement to acquire Western Power Distribution from PPL Corporation for £7.8 billion. Concurrently, PPL will acquire Narragansett Electric, National Grid's business in Rhode Island, valued at US$3.8 billion (£2.7 billion). This strategic move aims to enhance both companies' growth, enabling National Grid to expand its footprint in the UK electricity distribution sector and PPL to strengthen its presence in the U.S. The acquisition is subject to shareholder and regulatory approvals, expected within 4 to 12 months.