NOVAGOLD RESOURCES INC

From time to time, the Company may be a party to litigation or legal proceedings that are considered ordinary routine litigation incidental to our business or not material. Notwithstanding the foregoing, please refer to the sections titledLitigation inItem 7–* Management*’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K andUpholding current permits and working to secure key state approvals inItem 2–* Management*’s Discussion and Analysis of Financial Condition and Results of Operations in this Quarterly Report on Form 10-Q.

Lawsuits arising out of the Arrangement and the Transactions may be filed in the future. In addition, the Company has received demand letters on behalf of purported shareholders alleging that the Company’s preliminary proxy statement, filed on September 11, 2026, misrepresents and/or omits certain purportedly material information relating to the Company’s financial projections, the financial analyses performed by the Company’s financial advisors, potential conflicts of interest involving such financial advisors and the Company insiders and the negotiation process in connection with the Arrangement. The Company cannot predict the outcome of the demand letters or any lawsuits or other demand letters it may receive. The Company believes the claims asserted in the demand letters are without merit.