lawsuit by shareholder over misleading statement regarding the potential of a Galore Creek mine and buy out its partner, Copper Canyon Resources, on the adjacent property to Galore Creek. Meanwhile, they disposed of other assets to re-focused solely on advancing the development of the Galore Creek and Donlin properties. This included splitting off its copper assets to a new company called NovaCopper (later renamed Trilogy Metals) under Rick Van Nieuwenhuyse, with Greg Lang becoming the new CEO of NOVAGOLD, and selling the aborted Rock Creek mine. NOVAGOLD also sought buyers, beginning in 2012, for its stake in Galore Creek but it was not until 2018 that it was able to complete a deal with Newmont Corporation, leaving Donlin as its sole mining asset. Since then the company pursued project planning and permitting. Donlin Gold NOVAGOLD acquired interest in the Donlin Gold property in 2001 when it paid US$12-million to Placer Dome for a 70% share. Barrick Gold acquired the other 30% and in 2007 created a joint venture with NOVAGOLD to develop the mine. Located 20 kilometers from Crooked Creek, Alaska on the Kuskokwim River, the Donlin Gold property is within the Kuskokwim Gold Belt and has estimated reserves of 39 million ounces of gold. As per the Feasibility Study, Donlin Gold has the potential to produce more than 1M ounces of gold annually over a 27-year mine life. Despite a 2012 cost estimate of $6.7 billion, and a lack of commitment by Barrick at that price, permitting has been pursued since then. The substantial costs of bringing power to the remote site, and other development expenses, gave Barrick reason to rethink its investment in the project. In August 2018, the project received permits from the Army Corps of Engineers, after an environmental review. Galore Creek In 2003, NOVAGOLD first attained interest in the Galore Creek property. At the time, it had potential reserves of 5 million ounces of gold, 67 million ounces of silver, and 6 billion pounds of copper. Further exploration and feasibility work revised that upwards to 13 million ounces of gold, 156 million ounces of silver and 12 billion pounds of copper, and estimated a cost of US$1 billion to develop a mine. Located with the Stikine Gold Belt, approximately 150 kilometres northeast of Stewart, British Columbia, the project would require over a 100 kilometres of new road, power lines, and natural gas pipeline through mountainous