SEC Comment Letter 0000000000-25-002057 to NOVAGOLD RESOURCES INC (NG)
NOVAGOLD RESOURCES INC
Date: Feb. 21, 2025 · CIK: 0001173420 · Accession: 0000000000-25-002057
AI Filing Summary & Sentiment
File numbers found in text: 001-31913
Letter
February 21, 2025 Peter Adamek Chief Financial Officer Novagold Resources Inc. 201 North Main Street Suite 400 Salt Lake City, UT 84111 Re:Novagold Resources Inc. Form 10-K for the Fiscal Year ended November 30, 2024 Filed January 23, 2025 File No. 001-31913 Dear Peter Adamek: We have reviewed your filing and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year ended November 30, 2024 Financial Statements of Donlin Gold LLC Report of Independent Registered Public Accounting Firm, page A-1 1.We understand that you have included the financial statements of Donlin Gold LLC to comply with Rule 3-09 of Regulation S-X, and while it appears that the auditors may have audited all three fiscal years, the opinion expressed indicates coverage only for the years ended November 30, 2024 and November 30, 2023. Please arrange to obtain and file an amendment that includes these financial statements and an opinion that covers all three fiscal years to comply with the aforementioned requirement.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
February 21, 2025 Page 2 Please contact Mark Wojciechowski at 202-551-3759 or Robert Babula at 202-551- 3339 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Energy & Transportation
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February 21, 2025
Peter Adamek
Chief Financial Officer
Novagold Resources Inc.
201 North Main Street
Suite 400
Salt Lake City, UT 84111
Re:Novagold Resources Inc.
Form 10-K for the Fiscal Year ended November 30, 2024
Filed January 23, 2025
File No. 001-31913
Dear Peter Adamek:
We have reviewed your filing and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year ended November 30, 2024
Financial Statements of Donlin Gold LLC
Report of Independent Registered Public Accounting Firm, page A-1
1.We understand that you have included the financial statements of Donlin Gold LLC to
comply with Rule 3-09 of Regulation S-X, and while it appears that the auditors may
have audited all three fiscal years, the opinion expressed indicates coverage only
for the years ended November 30, 2024 and November 30, 2023. Please arrange to
obtain and file an amendment that includes these financial statements and an opinion
that covers all three fiscal years to comply with the aforementioned requirement.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
February 21, 2025
Page 2
Please contact Mark Wojciechowski at 202-551-3759 or Robert Babula at 202-551-
3339 if you have questions regarding comments on the financial statements and related
matters.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation