NovaGold Announces US$60 Million Financing With Electrum Strategic Resources

NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit... Read more..

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NovaGold Resources Inc. to sell NovaGreenPower for $40 Million

NovaGold Resources Inc has published a report saying that it has reached a binding agreement to sell 100% of its NovaGreenPower subsidiary for up to $40 million to AltaGas Ltd., a Calgary based energy infrastructure company. NovaGreenPower owns several development-stage run-of-river hydroelectric projects... Read more..

NovaGold Resources Inc. is mourning; the death of Long-time Director

NovaGold Resources Inc said that great sadness that Cole McFarland, a long-time member of NovaGold’s Board of Directors, has passed away after a courageous battle with cancer. “With deep sorrow I announce that Cole McFarland has passed away,” said Rick Van Nieuwenhuyse, President &... Read more..

NovaGold Clarifies Reason for TSX De-listing Review

NovaGold Resources Inc. reminds its shareholders that, as previously disclosed in its press release dated January 2, 2009, the TSX de-listing review was triggered by NovaGold’s reliance on the financial hardship exemption under Section 604(e) of the TSX Company Manual. NovaGold applied to the TSX... Read more..

Dynamite Resources Completes 10,000 m Diamond Drill Program on the Upper Skarn Ridge Target at Mike Lake Project, Yukon

Dynamite Resources Ltd announce that it has successfully completed 10,004 m of diamond drilling in 68 holes at the Upper Skarn Ridge target at the Company’s Mike Lake Gold-Copper Project in west-central Yukon. The property is located 25 km north of the former Brewery Creek gold mine and is 70 km... Read more..

Lawsuit Filed Against NovaGold and Certain of Its Officers

NovaGold Resources Inc. learned that it and certain of its officers have been named as defendants in a purported securities class action lawsuit filed on August 7, 2008 in the United States District Court for the Southern District of New York. The complaint alleges, among other things, that the defendants... Read more..

NovaGold to host Quarterly Call and Webcast Today

NovaGold Resources Inc has released a report saying that the company will host a conference call and webcast today at 11 am PST (2 pm EST) to discuss its quarterly results and provide an update on its portfolio of projects, along with a Q&A for analysts and fund managers. During the conference call,... Read more..

NovaGold, precious metal company, underwent power outrage

NovaGold Recources Inc told the press about the power outrage undergone in downtown Vancouver. It cost a lot of cancellation, for example its quarterly conference call and webcast has been rescheduled to Thursday, July 24 at 11 am PST (2 pm EST) As a result of the power outage NovaGold’s head office... Read more..

NovaGold Second Quarter Financial Results and Projects Update

NovaGold Resources Inc. announced its financial and operating results for the three and six months ended May 31, 2008, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements... Read more..

Zaruma Resources reports TSX reviewing Listing

Zaruma Resources Inc., announced that it has been advised by the Toronto Stock Exchange that the TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company. It is the Company’s understanding that the TSX is primarily concerned with the Company’s... Read more..