Reporting

NOVAGOLD is a precious metals company focused on the advancement of its Donlin Gold project in Alaska, owned equally with Barrick¹.

The project is federally permitted² and is at the development stage. Donlin Gold LLC is a committed partner with the Alaska Native Corporations who own the mineral and surface rights on which the project is located, as well as the Indigenous communities surrounding the project site and throughout the State. An important factor that distinguishes the Donlin Gold project from most other mining assets in Alaska is that the project is located on Alaska Native-owned, private land that was designated for mining activities over fifty years ago. The commitments that we have made to our Alaska Native Corporation partners to protect the lands and peoples of the Y-K region are at the heart of all our sustainability planning, implementation, performance assessment, and reporting efforts. In 2024, we continued our longstanding record of mitigating impacts to the environment, ensuring the health and safety of our employees, and investing in the communities and people of the places we work.

1. This Sustainability Report covers the period from January 1, 2024, to December 31, 2024 – prior to NOVAGOLD’s April 22, 2025 announcement titled “NOVAGOLD and Paulson Advisers Announce $1 Billion Transaction to Acquire 50% of the Donlin Gold Project from Barrick.

2. Under appeal. State court challenges to permits have been unsuccessful to date, and the Biden Administration continues to fully defend the federal permitting decisions. In the federal litigation challenging the Donlin Gold Joint Record of Decision – including the 404 permit and pipeline ROW – the court upheld two of the three agency analyses in its September 30, 2024 decision. However, it found the agencies’ analysis of a potential tailings release too narrow. Plaintiffs sought reconsideration on one issue, which the court denied on December 23, 2024. Remedy briefing concluded in March 2025, and oral arguments were held on May 9, 2025.

NOVAGOLD is a precious metals company focused on the advancement of its Donlin Gold project in Alaska, owned in equal partnership with Barrick. The project is federally permitted and is at the development stage. Donlin Gold LLC is a committed partner with the Alaska Native Corporations who own the mineral and surface rights on which the project is located, as well as the Native communities surrounding the project site and throughout the state. An important factor that distinguishes the Donlin Gold project from most other mining assets in Alaska is that the project is located on Alaska Native-owned, private land that was designated for mining activities over fifty years ago. The commitments that NOVAGOLD has made to our Alaska Native Corporation partners to protect the lands and peoples of the Y-K region are at the heart of all our sustainability planning, implementation, performance assessment, and reporting efforts. In 2023, NOVAGOLD continued its longstanding record of mitigating impacts to the environment, ensuring the health and safety of our employees, and investing in the communities and people of the places we work.

NOVAGOLD is a precious metals company and focused on the advancement of its Donlin Gold project in Alaska, owned in equal partnership with Barrick Gold Corporation. The project is federally permitted and is at the development stage.

Donlin Gold LLC is a committed partner with the Alaska Native Corporations who own the mineral and surface rights on which the project is located, as well as the Native communities surrounding the project site and throughout the state. An important factor that distinguishes the Donlin Gold project from most other mining assets in Alaska is that the project is located on Alaska Native-owned, private land that was designated for mining activities over fifty years ago. The commitments that we have made to our Alaska Native Corporation partners to protect the lands and peoples of the Y-K region are at the heart of all our sustainability planning, implementation, performance assessment, and reporting efforts. In 2022, we continued our long-standing record of mitigating impacts to the environment, ensuring the health and safety of our employees, and investing in the communities and people of the places we work.

NOVAGOLD is focused on precious metals and the development of its Donlin Gold project in Alaska, owned in equal partnership with the second-largest global gold producer: Barrick Gold Corporation. The project is at the development level and permitting stage. No construction decision has been made. Donlin Gold LLC is a committed partner with the Alaska Native communities both surrounding the project and within the state as a whole. An important factor that distinguishes the Donlin Gold project from most other mining assets in Alaska is that the project is located on private land that was designated for mining activities five decades ago.

NOVAGOLD believes it is appropriate to increase transparency, accountability, and enhance the suite of ESG metrics the company discloses to stakeholders. We’re committed to providing stage-appropriate and relevant information, to all stakeholders, about ESG performance in alignment with the Donlin Gold project partner Barrick Gold Corporation. NOVAGOLD is working with Barrick to implement international best practice and industry standards at the Donlin Gold project and plans to expand disclosure as the project eventually moves toward construction and into operation. We are strong proponents of ongoing engagement and consultation with stakeholders through the entire development process.