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NovaGold Receives Environmental Approval for Galore Creek
NovaGold Resources Inc. (AMEX: NG) announced Friday that it had received its Environmental Assessment Certificate from the Province of British Columbia necessary for construction, operation, and closure of its Galore Creek project. An Environmental Assessment Certificate in Canada is similar to an Environmental Impact Statement in the US. This is a major milestone for the company and a significant reduction in risk for the project which should result in an increased valuation by the market. See full report.
