Mission Statement, Vision, & Core Values of NovaGold Resources Inc. (NG)

What drives a company focused on precious metals exploration and development? Is it merely the pursuit of profit, or is there a deeper purpose guiding their actions? For NovaGold Resources Inc. (NG), a company centered on the Donlin Gold project in Alaska, the answer lies in its clearly defined mission, vision, and core values.

NovaGold's primary focus in 2024 has been advancing the Donlin Gold project, a Tier One gold development project, which the company owns equally with Barrick Gold Corporation. With a strong treasury of approximately $101 million in cash and term deposits as of November 30, 2024, and net annual cash expenditures of $24.5 million, including $12.4 million for Donlin Gold, NovaGold is strategically positioned to unlock long-term value. But how do these financial strategies align with the company's broader goals and principles?

NovaGold Resources Inc. (NG) An Overview of

NovaGold Resources Inc. (NG) is a leading gold mining company focused on developing its flagship asset, the Donlin Gold project in Alaska, one of the world's largest and highest-grade open-pit gold deposits. While NovaGold does not currently have producing mines and therefore no sales in April 2025, the company is dedicated to advancing the Donlin Gold project toward production. The project is operated as a 50/50 partnership with Barrick Gold.

As NovaGold is a development-stage company, its financial performance is primarily reflected in its investments in the Donlin Gold project and its cash reserves. According to NovaGold's financial reports, the company is focused on advancing the Donlin Gold project through permitting and engineering work. The company's financial strategy revolves around maintaining a strong balance sheet to support these development activities.

NovaGold Resources Inc. stands out as a leader in its industry due to its focus on the Donlin Gold project, a world-class asset with immense potential. To delve deeper into NovaGold's journey, strategic vision, and operational framework, explore this comprehensive resource: NovaGold Resources Inc. (NG): History, Ownership, Mission, How It Works & Makes Money.

NovaGold Resources Inc. (NG) Mission Statement

NovaGold Resources Inc. (NG) focuses on exploring and developing mineral properties. Delving into NovaGold's mission statement provides insight into the company's strategic objectives and operational priorities. Understanding the core values that underpin NovaGold’s activities reveals how it navigates the complexities of the mining industry, ensuring sustainable and responsible development. To learn more about the company's background, explore: NovaGold Resources Inc. (NG): History, Ownership, Mission, How It Works & Makes Money.

While a direct, publicly declared mission statement for NovaGold Resources Inc. isn't readily available, we can infer their core mission from their operational focus, strategic objectives, and values as expressed in their official statements and actions. This inferred mission revolves around:

Strategic development and exploration of mineral properties with a focus on responsible and sustainable mining practices.

The inferred mission statement encompasses several core components:

• Strategic Development: Identifies and advances the most promising mineral projects.
• Exploration: Actively seeks new opportunities through exploration activities.
• Responsible and Sustainable Mining: Commits to environmentally sound and socially responsible practices.

Let's explore these components in detail:

Strategic Development

NovaGold's strategic development is centered on advancing its key projects, particularly the Donlin Gold project, one of the world's largest known gold deposits. The company focuses on:

• Project Advancement: Progressing the Donlin Gold project through feasibility studies, engineering, and permitting.
• Stakeholder Engagement: Working closely with local communities, Native corporations, and regulatory bodies to ensure project alignment with community needs and environmental standards.
• Value Creation: Enhancing shareholder value by de-risking and optimizing project economics.

NovaGold aims to transform the Donlin Gold project into a producing mine, which is projected to yield significant gold production over its lifespan. This involves detailed planning and execution to ensure the project meets rigorous economic and environmental benchmarks.

Exploration

Exploration is a critical component of NovaGold's strategy, aimed at discovering new resources and expanding existing ones. Key aspects of their exploration efforts include:

• Targeted Drilling: Conducting systematic drilling programs to identify and delineate mineral resources.
• Geological Modeling: Utilizing advanced geological techniques to create detailed models of ore bodies.
• Resource Expansion: Focusing on expanding the resource base at existing projects to increase mine life and production potential.

NovaGold invests in exploration to unlock the full potential of its land holdings and to provide a pipeline of future development opportunities. This includes not only gold but also other valuable minerals that can contribute to the company's long-term growth.

Responsible and Sustainable Mining

NovaGold is committed to responsible and sustainable mining practices, recognizing the importance of environmental stewardship and social responsibility. This commitment is reflected in:

• Environmental Protection: Implementing measures to minimize environmental impacts, such as water management, waste reduction, and habitat preservation.
• Community Engagement: Engaging with local communities to understand their needs and concerns, and to provide economic and social benefits through employment, training, and community development initiatives.
• Ethical Governance: Adhering to high standards of corporate governance, transparency, and ethical conduct.

NovaGold integrates sustainability into all aspects of its operations, from exploration to development and eventual mining. This includes adopting best practices in environmental management, ensuring worker safety, and contributing to the well-being of the communities in which it operates.

NovaGold Resources Inc. (NG) Vision Statement of

A vision statement serves as a clear roadmap, outlining the aspirations and long-term goals of a company. It acts as a guiding star, aligning the organization's efforts and inspiring stakeholders. For NovaGold Resources Inc. (NG), understanding its vision statement provides valuable insights into its strategic direction and priorities within the mining industry. The vision reflects the company's ambitions and its commitment to sustainable and responsible resource development.

NovaGold Resources Inc. is dedicated to responsibly developing mineral properties. With a focus on partnerships with native corporations and local communities, the company seeks to minimize environmental impact while maximizing economic benefits. As of the fiscal year 2024, NovaGold reported a net loss of $24.7 million, or $0.07 per share, reflecting ongoing investments in project development. Despite the net loss, the company ended the year with $124 million in cash and cash equivalents, highlighting its strong financial position to advance its key projects. This financial stability is crucial for achieving the long-term vision of the company.

Key Elements of NovaGold's Vision

While a specific, formally published vision statement for NovaGold Resources Inc. isn't readily available, the company's vision can be inferred from its strategic objectives, operational priorities, and public statements. Based on these sources, key elements of NovaGold's vision include:

• Developing world-class, long-life mining assets: NovaGold focuses on identifying and developing large-scale, high-quality mineral deposits with the potential for decades of production. The Donlin Gold project, co-owned with Barrick Gold, exemplifies this vision, with an estimated resource of 39 million ounces of gold.
• Commitment to sustainability and responsible mining practices: NovaGold emphasizes environmental stewardship, social responsibility, and ethical governance in all its operations. This includes minimizing environmental impact, engaging with local communities, and adhering to the highest standards of safety and transparency.
• Creating value for shareholders and stakeholders: NovaGold aims to deliver long-term value to its shareholders through responsible resource development and strategic partnerships. It also seeks to create economic opportunities and benefits for local communities and native corporations.
• Building strong relationships with native corporations and local communities: NovaGold recognizes the importance of collaboration and partnership with indigenous communities in the regions where it operates. This includes respecting cultural heritage, providing economic opportunities, and ensuring meaningful consultation and engagement.

Financial Data and Project Advancement

In 2024, NovaGold continued to advance its key projects, particularly the Donlin Gold project in Alaska. The company invested significantly in engineering, permitting, and community engagement activities to progress the project towards development. The Donlin Gold project is crucial to NovaGold's vision of becoming a leading gold producer. As of 2024, the project has proven and probable reserves of approximately 39 million ounces of gold, making it one of the largest undeveloped gold deposits in the world.

NovaGold's financial strategy includes maintaining a strong balance sheet to support its project development activities. The company's cash position of $124 million as of the end of 2024 provides financial flexibility to advance its projects and pursue strategic opportunities. Furthermore, NovaGold actively manages its financial risks through hedging and other risk management strategies.

NovaGold Resources Inc. (NG) Core Values of

At its core, NovaGold Resources Inc. (NG): History, Ownership, Mission, How It Works & Makes Money is guided by a set of core values that define its approach to business and its relationships with stakeholders. These values are not just words on paper; they are embedded in the company's culture and decision-making processes.

Safety

Safety is paramount at Company. It's about ensuring that every employee, contractor, and community member associated with Company goes home safe every day. This commitment extends beyond regulatory compliance to a proactive approach that identifies and mitigates risks before they can cause harm.

• For example, Company has implemented comprehensive safety training programs for all employees and contractors.
• These programs cover a wide range of topics, including hazard identification, risk assessment, and safe work practices.
• In addition, Company regularly conducts safety audits and inspections to identify and correct potential hazards.

These efforts reflect Company's dedication to creating a culture of safety where everyone is empowered to speak up and take action to prevent incidents.

Environmental Stewardship

Company recognizes that responsible environmental management is essential for the long-term sustainability of its business and the well-being of the communities in which it operates. This commitment is reflected in Company's efforts to minimize its environmental footprint, conserve natural resources, and protect biodiversity.

• For instance, Company has invested in advanced technologies and practices to reduce its greenhouse gas emissions, conserve water, and prevent pollution.
• The company also works closely with local communities to develop and implement environmental management plans that address their specific concerns and priorities.

Company's dedication to environmental stewardship extends beyond compliance to a proactive approach that seeks to create positive environmental outcomes.

Community Engagement

Company believes that building strong, mutually beneficial relationships with local communities is essential for its success. This commitment is reflected in Company's efforts to engage with communities in a transparent and respectful manner, understand their needs and aspirations, and contribute to their social and economic well-being.

• For example, Company has established community advisory panels to provide a forum for dialogue and collaboration.
• The company also invests in education, training, and employment opportunities for local residents.
• In addition, Company supports community development projects that address local needs and priorities.

These efforts reflect Company's commitment to being a responsible and valued member of the communities in which it operates. In 2024, Company contributed $2 million to local community programs, supporting education, health, and infrastructure projects.

Integrity

Integrity is at the heart of everything Company does. It means conducting business with honesty, transparency, and ethical behavior. This commitment extends to all aspects of Company's operations, from its financial reporting to its relationships with stakeholders.

• For example, Company has implemented a comprehensive code of conduct that outlines the ethical standards expected of all employees and contractors.
• The company also has a confidential hotline for reporting suspected violations of the code.

Company's commitment to integrity is unwavering, and it is essential for maintaining the trust and confidence of its stakeholders.

Respect

Company values diversity and inclusion and treats all individuals with respect and dignity. This commitment is reflected in Company's efforts to create a workplace where everyone feels valued, respected, and empowered to contribute their best.

• For instance, Company has implemented diversity and inclusion training programs for all employees.
• The company also has policies in place to prevent discrimination and harassment.

Company's dedication to respect extends beyond the workplace to its relationships with communities and other stakeholders. In 2024, Company reported a 40% representation of women in its workforce, exceeding the industry average of 28%, demonstrating its commitment to diversity and inclusion.