NOVAGOLD Resources

Minerals & Mining · Canada · <25 Employees

NOVAGOLD is a well-financed precious metals company focused on the development of its 50%-owned Donlin Gold project in Alaska.

NovaGold Resources Inc., Barrick Gold Corporation and Donlin Gold LLC released the initial set of assay results from the 2022 drill program.
Greg Lang, NOVAGOLD’s President and CEO, said, “The 2022 drill program has been extremely exciting, not to mention rewarding. With the latest set of assays, we continue to enjoy some of the best gold intercepts in the mining industry. The outstanding results reported today, such as the high-grade at ACMA and the deep exploration work, further substantiate Donlin Gold’s potential, and the recent modelling concepts, in support of the strategic mine planning work and the engineering studies. We have significantly de-risked Donlin Gold over many years, taking it up the value chain so as to improve and enhance the value of the project for all our stakeholders. This progress is demonstrated through our commitment and dedication to building trust and transparency with our Alaska Native Corporation partners, Calista Corporation and The Kuskokwim Corporation, with whom we have created a model for responsible mining development.”

NovaGold Resources Inc. President & CEO Greg Lang presented today at the Swiss Mining Institute conference in Zurich, Switzerland.

NovaGold Resources Inc. will be attending the BMO Global Metals & Mining Conference in Florida starting February 27th – March 2nd. We look forward to our first in-person event of the year!

@NOVAGOLD President and CEO Greg Lang presents during the Scotiabank Mining Conference November 30 – December 2, 2021.

There’s only 2.5 weeks left to donate to the BC Children’s Hospital Foundation Mining for Miracles event! That means there’s roughly 17 days before ALL the pies are thrown in ALL the faces!

Is it going to be a blueberry pie? Maybe it will be a lemon meringue pie? Or perhaps it will be sticky pecan pie…who’s to say?! Well, the answer to that question folks, is NovaGold Resources Inc.’s CEO Greg Lang. He gets to choose what delicious pie will meet Red Conger from Teck’s face!

“Mining has made strides in trying to show the public that we are a different industry and society than we were 100 years ago. Mines can and do make good neighbors and provide a great way of living while protecting the land we live and play in.” – Dan Graham, General Manager of Donlin Gold LLC in the Alaska Miners Association October 2020 magazine.

ABOUT NOVAGOLD

A secure and well-financed company managed by the right people, affiliated with the right stakeholders, and focused on the right objectives.

NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) is a pure gold play focused on Alaska’s Donlin Gold project in equal partnership with Barrick Gold. Donlin is positioned to be one of the world’s largest gold mines, with 39 million ounces in measured and indicated mineral resources at a high average grade of 2.24 grams per tonne¹ on a mineralized trend that occupies just 5 percent of its land package. We believe it offers investors extraordinary leverage to gold.

NOVAGOLD is in the enviable position of being well-funded with a cash balance of US $132 million as of August 31, 2022, with additional funds of $25 million due in July 2023 from Newmont Corporation and an additional payment of $75 million contingent upon the owners of Galore Creek making a construction decision, expected to be sufficient to continue advancement on the Donlin Gold project and fulfill all of its current financial obligations towards a construction decision.

Nova Gold Resources Inc.’s Chairman Tom Kaplan and CEO Greg Lang will be participating in the Bloor Street Capital webinar

@NOVAGOLD is grateful for our employees, investors, partners and stakeholders and gives thanks to your energy and efforts in bringing the Donlin Gold project up the value chain. Take care over the holidays and have a safe and happy holiday season!

BOARD OF DIRECTORS

A TRIBUTE TO IGOR LEVENTAL

1955-2022

 

THOMAS S. KAPLAN
CHAIRMAN

Dr. Thomas Kaplan is NOVAGOLD’s Chairman of the Board and is also Chairman and Chief Executive Officer of The Electrum Group, a privately held global natural resources investment management company that manages the portfolio of Electrum, the single largest shareholder of NOVAGOLD. Dr. Kaplan is an entrepreneur and investor with a track record of both creating and unlocking shareholder value in public and private companies. Dr. Kaplan served as Chairman of Leor Exploration & Production LLC, a natural gas exploration and development company founded by Dr. Kaplan in 2003. In 2007, Leor’s natural gas assets were sold to EnCana Oil & Gas USA Inc., a subsidiary of Encana Corporation, for $2.55 billion. Dr. Kaplan holds Bachelors, Masters and Doctoral Degrees in History from Oxford University.

 

ELAINE DORWARD-KING (2,4)

Dr. Elaine Dorward-King has spent most of her career in mining, most recently as an Executive Vice President of Newmont Corporation (“Newmont”). From March 2013 until June 2019, she served as Newmont’s Executive Vice President of Sustainability and External Relations, and from June 2019 until January 2020 she served as Newmont’s Executive Vice President of Environmental, Social and Governance Strategy. Prior to joining Newmont, Dr. Dorward-King spent 20 years with Rio Tinto, one of the world’s largest diversified producers of metals and minerals, in general management and Environmental Health and Safety leadership roles. Dr. Dorward-King has more than 30 years of leadership experience in creating and implementing sustainable development, safety, health and environmental strategy, and programs in mining, chemical, and engineering consulting sectors. Currently Dr. Dorward-King serves on the Board of Directors of Sibanye-Stillwater, a leading international precious metals mining company; Kenmare Resources plc, one of the world’s largest producers of mineral sands products; and Great Lakes Dredge and Dock Company, LLC, the largest provider of dredging services in the United States. Dr. Dorward-King holds a bachelor’s degree from Maryville College and received a PhD in Analytical Chemistry from Colorado State University.

 

SHARON DOWDALL (2,5)

Ms. Sharon Dowdall has a 30-year career in the mining industry. Ms. Dowdall served in senior legal capacities for Franco-Nevada Corporation, a major gold-focused royalty company, and Newmont Corporation, one of the world’s largest gold producers. During her 20-year tenure with Franco-Nevada, Ms. Dowdall served in various capacities, including Chief Legal Officer and Corporate Secretary and Vice President, Special Projects. Ms. Dowdall was one of the principals who transformed Franco-Nevada from an industry pioneer into one of the most successful precious metals enterprises in the world. Prior to joining Franco-Nevada, she practiced law as a partner with Smith Lyons in Toronto, a major Canadian legal firm specializing in natural resources. Ms. Dowdall is the recipient of the 2011 Canadian General Counsel Award for Business Achievement. She currently serves on the board of Olivut Resources Limited. Ms. Dowdall holds an Honours Bachelor of Arts in Economics from the University of Calgary and an LLB, from Osgoode Hall Law School at York University.

 

DIANE GARRETT (3,5)

Dr. Diane Garrett has more than 20 years of experience in the resource sector and currently serves as the President and CEO of Hycroft Mining Holding Corporation, owner operator of the gold-silver Hycroft Mine in Northern Nevada. She was formerly President and CEO of Nickel Creek Platinum Corp. (“NCP”), a mining exploration and development company, from 2016-September 2020. Prior to joining NCP, she held the position of President and CEO of Romarco Minerals Inc., taking the multi-million-ounce Haile Gold Mine project from discovery to construction. Prior to that, she held numerous senior positions in public mining companies including VP of Corporate Development at Dayton Mining Corporation and VP of Corporate Development at Beartooth Platinum Corporation. Early in her career, Dr. Garrett was the Senior Mining Analyst and Portfolio Manager in the precious metals sector with US Global Investors. Dr. Garrett received her Ph.D. in Engineering and her Masters in Mineral Economics from the University of Texas at Austin.

 

GREGORY A. LANG (3,4)

Mr. Greg Lang is NOVAGOLD’s President and Chief Executive Officer. Mr. Lang has more than 35 years of diverse experience in mine operations, project development and evaluation, including time as President of Barrick Gold North America, a wholly owned subsidiary of Barrick Gold Corporation (“Barrick”). Mr. Lang held progressively responsible operating and project development positions over his 10-year tenure with Barrick and, prior to that, with Homestake Mining Company and International Corona Corporation, both of which are now part of Barrick. He holds a Bachelor of Science in Mining Engineering from the University of Missouri-Rolla and is a Graduate of the Stanford University Executive Program.

 

KALIDAS V. MADHAVPEDDI (2,4)

Mr. Kalidas Madhavpeddi has 40 years of international experience in corporate strategy, mergers and acquisitions, government relations, marketing, mining engineering and capital. He is currently the President of Azteca Consulting LLC, an advisory firm to the metals and mining sector. From 2010 to 2018 he was CEO of China Molybdenum International, a privately held company and global producer of copper, gold, cobalt, phosphates, niobium and molybdenum. His extensive career in the mining industry includes over 25 years at Phelps Dodge Corporation (“Phelps Dodge”), a Fortune 500 company, starting as a Systems Engineer and ultimately becoming Senior Vice President for Phelps Dodge, and contemporaneously the President of Phelps Dodge Wire & Cable. Mr. Madhavpeddi currently serves as a director of Trilogy Metals Inc and Dundee Precious Metals Inc and is chairman of Glencore plc. He is an alumnus of the Indian Institute of Technology, Madras, India; the University of Iowa and the Harvard Business School.

 

KEVIN MCARTHUR (3,5)

Mr. Kevin McArthur is an industry leader with over 40 years of experience encompassing many facets of the mining business, including operations, corporate development and executive management. He currently serves as a non-executive director of Royal Gold, Inc. and First Quantum Minerals Ltd. Mr. McArthur served as CEO of major precious metals mining companies, including Goldcorp Inc., Glamis Gold Ltd. and Tahoe Resources Inc., which was subsequently acquired by Pan American Silver Corporation. His earlier career focused on mine operations and project development with major international mining companies, including, BP Minerals and Homestake Mining Company. Mr. McArthur obtained a degree in Mining Engineering from the University of Nevada in 1979.

 

CLYNTON R. NAUMAN (1,3)

Mr. Clynton Nauman has more than 45 years of diverse experience in the mining industry ranging from exploration and business development to operations and business management in the precious metals, base metals, uranium and coal sectors. Mr. Nauman is the CEO and President of Asset Liability Management Group Inc. and was the co-founder, Chairman and Chief Executive Officer of Alexco Resource Corp. until September 2022. Before that he served as President of Viceroy Gold Corporation, Viceroy Minerals Corporation and was a director of Viceroy Resource Corporation, positions he held from February 1998 until February 2003. Mr. Nauman was also the General Manager of Kennecott Minerals from 1993 to 1998. Mr. Nauman holds an Honours Bachelor of Science in Geology from Otago University, New Zealand.

 

ETHAN SCHUTT(1,4,5)

Mr. Ethan Schutt is the Executive Vice President and General Counsel for Bristol Bay Native Corporation and a Board Trustee of the Alaska Permanent Fund Corporation. Before joining Bristol Bay Native Corporation, Mr. Schutt served as CEO of Alaska Native Resource Development, LLC, an Alaska Native Tribal Health Consortium (ANTHC) company. Prior to his CEO position, Mr. Schutt served as ANTHC’s Chief of Staff. ANTHC provides health services for Alaska Native people. Prior to joining ANTHC, Mr. Schutt first served as General Counsel, and later became the Senior Vice President of Land and Energy Development, for Cook Inlet Region Inc. (CIRI). CIRI is an Alaska Native Claims Settlement Act (ANCSA) corporation dedicated to the economic and social well-being of its Alaska Native shareholders with resources generated from its lands and businesses. As CIRI’s Senior Vice President of Land and Energy Development, he led a team of professionals that managed CIRI’s ANCSA lands including the exploration and leasing of those lands for oil and gas, mineral and other natural resource development. He also directed CIRI’s efforts in developing renewable and alternative energy projects. Mr. Schutt previously served as a member of the board of Doyon, Limited and served as General Counsel for Tanana Chiefs Conference. Mr. Schutt is an expert on ANCSA lands and resources and currently teaches a class on the topic at the University of Alaska Anchorage. Mr. Schutt holds a Bachelor of Science degree with honors in mathematics from Washington State University and a Juris Doctor degree from Stanford Law School.

 

ANTHONY P. WALSH (1,2)
INDEPENDENT LEAD DIRECTOR

Mr. Anthony Walsh has more than 20 years of international experience in the field of exploration, mining and development and was the President and CEO of Sabina Gold & Silver Corp. (“Sabina”) from 2008 to 2011. Prior to joining Sabina, Mr. Walsh was President and CEO of Miramar Mining Corporation from 1999 to 2007, Vice-President and CFO of Miramar Mining Corporation from 1995 to 1999, the Senior Vice-President and CFO of a computer leasing company (1993-1995) and the CFO and Senior Vice-President, Finance of International Corona Mines Ltd., a major North American gold producer (1989-1992). From 1985 to 1989 he was Vice-President, Finance of International Corona Mines Ltd., and from 1973 to 1985 Mr. Walsh held various positions at Deloitte, Haskins & Sells, a firm of Chartered Accountants. Mr. Walsh currently serves as a director of Sabina and Dundee Precious Metals Ltd. Mr. Walsh graduated from Queen’s University (Canada) in 1973 and became a member of The Canadian Institute of Chartered Accountants in 1976.

Members of:

1. Audit Committee
2. Compensation Committee
3. Engineering and Technical Committee
4. Sustainability Committee
5. Corporate Governance and Nominations Committee

 

MANAGEMENT