Feasibility Study

NOVAGOLD has appointed Frank Arcese as Project Director for Donlin Gold, leveraging his 40+ years of experience in large-scale mining and infrastructure projects. Arcese will lead the development towards a Bankable Feasibility Study, focusing on project planning, execution strategy, and organizational readiness. This strategic hire aims to advance one of the world’s premier undeveloped gold assets, with Arcese expressing excitement about its potential.

PMET Resources reported results from its 2025 drill campaign at the Shaakichiuwaanaan Li-Cs-Ta pegmatite system in Quebec, underscoring near-surface Cs occurrences and high-grade Li intervals across multiple targets. Key intersections include strong Li2O results at CV4 and CV12, plus a newly identified Cs-rich zone near CV12, with CV5 and CV13 extending along strike. The company is advancing a lithium-focused CV5 feasibility study and updated mineral resource estimates to support a North American critical minerals hub, based on 57,000 m of drilling.

Scottie Resources (TSXV:SCOT) sold a 4,588‑tonne bulk sample from the Bend Vein pit, assayed at 15.89 g/t gold and 42.28 g/t silver. The cargo will ship Dec 10‑12 2025, with 90 % of the invoice paid upfront at $4,100/oz gold and $49.50/oz silver; the remaining 10 % is due after final assay reconciliation. Net proceeds of about C$9 million will fund a feasibility study, permitting and further drilling. The company also expanded a flow‑through placement to raise up to $24.24 million.