NOVAGOLD RESOURCES INC — Form 8-K

NovaGold's Donlin Creek project (via subsidiary Donlin Gold LLC) executed amendments to mining leases with Calista Corporation and The Kuskokwim Corporation effective June 6, 2014. Amendments formalize bidder's preference rights for both Native corporations on project contracts, establish an advisory committee with TKC representation, and create obligations for shareholder hiring, scholarships, and port construction oversight. Key economic terms include surface use fees, exclusive use fees, milled tonnage fees (currently $0.40–$0.50 per metric ton), net proceeds payments (3%), and milestone payments tied to permitting and construction decisions. The Donlin Gold project remains in development phase with no production commenced as of filing date.