NOVAGOLD Advances Donlin Gold Energy Strategy With Alaska LNG LOI and Feasibility Planning

Novagold Resources New ( (TSE:NG) ) just unveiled an announcement.

NOVAGOLD announced that Donlin Gold LLC, its 60%-owned joint venture with Paulson Advisers, has signed a non-binding letter of intent with Glenfarne Alaska LNG for potential natural gas supply and associated infrastructure to power the proposed Donlin Gold mine in Southwest Alaska. The arrangement contemplates up to 50 million cubic feet of gas per day from the Alaska LNG pipeline and coordinated development of a 316‑mile buried pipeline and power plant, which the parties say could lower fuel and logistics costs, enhance project economics, and provide broader energy cost benefits as Alaska LNG secures more customers. Key permits for the pipeline route have already been granted and recently upheld by the Alaska Supreme Court, while supplemental federal environmental review continues under the FAST‑41 framework. In parallel, Donlin Gold is advancing a Bankable Feasibility Study, having received bids from major engineering firms and expecting to select a prime contractor in the first quarter of 2026, after which a detailed schedule and budget will be set, with final construction approvals remaining contingent on completion of permitting and the feasibility work.

The most recent analyst rating on (TSE:NG) stock is a Hold with a C$13.00 price target. To see the full list of analyst forecasts on Novagold Resources New stock, see the TSE:NG Stock Forecast page.

Spark’s Take on TSE:NG Stock

According to Spark, TipRanks’ AI Analyst, TSE:NG is a Neutral.

The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn), partially offset by a stronger TTM balance sheet and generally constructive project progress and permitting momentum. Technicals are neutral-to-mixed, and valuation support is limited due to ongoing losses and no dividend yield provided.

To see Spark’s full report on TSE:NG stock, click here.

More about Novagold Resources New

NOVAGOLD Resources Inc. is a well-financed precious metals company focused on developing the Donlin Gold project in Alaska, regarded as one of the safest mining jurisdictions globally. The Donlin deposit is considered one of the largest known undeveloped gold resources in the world, with tens of millions of ounces in measured and indicated categories, positioning NOVAGOLD as a significant future producer targeting large-scale, long-life gold mining in the United States.

Average Trading Volume: 577,632

Technical Sentiment Signal: Buy

Current Market Cap: C$5.61B

See more data about NG stock on TipRanks’ Stock Analysis page.