VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. ( NG ) today filed its 2025 first quarter report and provided an update on its Tier One 1 gold development project, Donlin Gold, which NOVAGOLD owns equally with Barrick Gold Corporation ("Barrick"). Details of the financial results for the quarter ended February 28, 2025, are presented in the consolidated financial statements and quarterly report on Form 10-Q filed on April 1, 2025, that is available on the Company's website at www.novagold.com, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov. As detailed in the above filings, NOVAGOLD held approximately $93 million in cash and term deposits as of February 28, 2025, and reported net first quarter cash expenditures of $8.3 million — including $3.6 million to fund NOVAGOLD's share of the Donlin Gold project and $3.8 million in corporate general and administrative costs.