North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
Mining News 

New York investor grabs stake in NovaGold

Explorer will use investment capital to pay off bridge loan, move Donlin Creek to permitting and resolve Rock Creek water issues

 

Last updated 1/25/2009 at Noon



NovaGold Resources Inc. is beginning 2009 with an infusion of cash. In two separate deals, the Vancouver B.C.-based miner sold enough of its equity to raise $75 million, funds it will use to pay debt and to advance three projects.

During a Jan. 12 interview, NovaGold President and CEO Rick Van Nieuwenhuyse told Mining News that moving its huge gold project at Donlin Creek in southwestern Alask...



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