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NovaGold Resources’ Donlin Gold LLC Signs a Non-Binding Natural Gas LOI with Glenfarne Alaska LNG

NovaGold Resources Inc. (NYSE:NG) is one of the 10 Best Precious Metal Stocks to Buy After the U.S. Venezuela Mission.

All five analysts covering NovaGold Resources Inc. (NYSE:NG) have rated it a Buy, with a median price target of $12.50, implying an upside of approximately 24% as of January 9. Over the past six months, NG shares have soared by over 127%.

On January 8, NovaGold Resources Inc. (NYSE:NG) reported that Donlin Gold LLC has signed a non-binding Letter of Intent (LOI) with Glenfarne Alaska LNG for a natural gas and power supply arrangement for the Donlin Gold mine project in Southwest Alaska. NovaGold holds a 60% stake in Donlin Gold LLC, while Paulson Advisers holds a 40% stake.

According to the LOI, Glenfarne Alaska will supply up to 50 million cubic feet of natural gas per day, supporting the development and construction of the Donlin Gold pipeline. The pipeline stretches from Southcentral Alaska to the mine site and will power the plant to supply electricity to the mine. Greg Lang, NOVAGOLD’s President and CEO, said:

”Powering Donlin Gold with natural gas from Alaska LNG could offer major advantages for the proposed mine and the Southwestern Alaska region by harnessing the strategic potential of such an important gold endowment for the industry and the United States. Aligning Alaska LNG and Donlin Gold’s pipeline schedules could reduce fuel costs, optimize transportation and logistics, streamline material procurement, and leverage shared expertise to lower overall project expenses.”

The companies have obtained primary state and federal permits for the pipeline route, with Supplemental environmental review underway. Moreover, Donlin Gold is working on its Bankable Feasibility Study, with proposals under consideration from notable engineering firms, and the selection of the contractor is expected in the first half of 2026.

NovaGold Resources Inc. (NYSE:NG) is a prominent gold miner that explores and develops gold mineral properties in the U.S. The company has a 60% stake in the Donlin Gold project with over 493 mining claims.

While we acknowledge the potential of NG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best New Penny Stocks to Invest In and 13 Best Gold Mining Companies to Invest In Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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