Novagold on defensive after short seller shreds its Alaska project

MINING.COM | Novagold on Monday said it’s preparing a full response to a scathing report from J Capital Research that accuses managers of the Vancouver-based explorer of “systematically” misleading investors about its proposed Alaska gold mine over the last 15 years.

J Capital, a company founded in China a decade ago which usually targets overvalued media and tech companies for short-selling, says the Donlin Gold project, which is 50-50 owned by Novagold and Barrick, “will never be built” and “in short, this is a stock promote, not a mining plan.”

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