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Vol. 14, No. 4 Week of January 25, 2009
Providing coverage of Alaska and Northwest Canada's mineral industry


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

Shane Lasley

Mining News

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 Nieuw....

    [additional news subjects in this story]

Investors stake $81.3 million

Electrum becomes 30 percent owner

Dam issues at Rock Creek

Litigation cost more than money


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