NovaCopper Inc. (NovaCopper) is a base metals exploration company. The Company is focused on exploring and developing the Ambler mining district, which VMS deposits containing copper, zinc, lead, gold and silver and carbonate replacement deposits containing copper, cobalt and silver. The Company is engaged in the exploration and development of mineral properties including the Ambler Project located in Northwest Alaska. The Ambler Project consists of copper-zinc-lead-gold-silver exploration property located in the United States, including the Ambler property and the Bornite property. On October 24, 2011, NovaGold Resources Inc. transferred its ownership of NovaCopper US Inc. to NovaCopper Inc., a wholly owned subsidiary of NovaGold.