NOVAGOLD Resources Inc 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 28, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-31913 (Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section12(b) of the Securities Exchange Act of 1934: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of March 27, 2026, the Company had 438,780,614 common shares, no par value, outstanding. NOVAGOLD RESOURCES INC. TABLE OF CONTENTS PART I - FINANCIAL INFORMATION Item 1. Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4. Controls and Procedures PART II - OTHER INFORMATION Item 1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5. Other Information.Item 6. Exhibits Cautionary Note Regarding Forward-Looking Statements This Quarterly Report on Form10-Q contains forward-looking statements or information within the meaning of Canadian securities lawsand the United States Private Securities Litigation Reform Act of 1995 concerning anticipated results and developments in our operations in futureperiods, planned exploration activities, the adequacy of our financial resources and other events or conditions that may occur in the future. Theseforward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves andresource estimates, work programs, anticipated timing of updated reports and/or studies including the Donlin Gold (as defined below) bankablefeasibility study, capital expenditures, operating costs, cash flow estimates, production estimates and similar statements relating to the economicviability of a project, anticipated timing and impact of certain judicial and/or administrative decisions, continued support of the state and federalpermitting process, future capital raising activities and their related dilutive effects, the anticipated use of net proceeds from previous offerings,sufficiency of working capital, timelines, strategic plans, including our plans and expectations relating to the Donlin Gold project, permitting and thetiming thereof, potential natural gas pipeline development, the anticipated impact of the adoption of ASU 2025-11 on the Company’s consolidatedfinancial statements, the Company’s market price, market prices for precious metals, or other statements that are not statements of fact. Thesestatements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable andassumptions of management. Statements concerning mineral resource estimates may also be deemed to constitute “forward-looking statements” tothe extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”,“believes”, “plans”, “projects”, “estimates”, “assumes”, “int