LOS ANGELES, CA / ACCESSWIRE / July 15, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NovaGold Resources Inc. ("NovaGold" or "the Company") (NYSE:NG) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. NovaGold is the subject of a research report published by J. Capital Research on May 28, 2020. The report alleges: "NovaGold's management team has systematically misled investors" about its Donlin gold project, "a deposit so remote and technologically challenging that the mine will never be built." The report also criticizes the Company for using "custom metrics designed to deceive," including that "the deposit will require $6.7 bln in capital, [when] the feasibility study clearly shows this number is $8 bln." J. Capital Research also claims: "the proposed natural gas pipeline central to powering the project is dead on arrival," quoting an engineer familiar with the project as saying that he "doesn't know of any engineering company that has the experience to build such a complex pipeline."
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SOURCE: The Schall Law Firm
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