NovaGold (NG +26.8%) shares skyrocket on plans to spin out its Ambler copper project in Alaska...

|About: NovaGold Resources, Inc (NG)|By:, SA News Editor

NovaGold (NG +26.8%) shares skyrocket on plans to spin out its Ambler copper project in Alaska to shareholders, forming a new NovaCopper subsidiary. The new unit will be led by company founder Rick Van Nieuwenhuyse, who stepped down as NovaGold's president and CEO to take on those positions at the new unit.