02:44:54 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Northern Dynasty Minerals Ltd
Symbol NDM
Shares Issued 295,900,940
Close 2017-03-20 C$ 2.08
Market Cap C$ 615,473,955
Recent Sedar Documents

Northern Dynasty, EPA seek to extend stay of proceedings

2017-03-20 19:33 ET - News Release

Mr. Ronald Thiessen reports

NORTHERN DYNASTY PROVIDES UPDATE ON EPA DISCUSSIONS

Northern Dynasty Minerals Ltd.'s wholly owned subsidiary, Alaska-based Pebble Limited Partnership (PLP), and the U.S. Environmental Protection Agency (EPA) have filed a joint motion in federal court to extend a stay of proceedings in continuing litigation under the Federal Advisory Committee Act (FACA) to May 4, 2017, in the interest of resolving the matter.

The company has made substantial progress in recent discussions with the EPA and intends to continue negotiating the matter directly, rather than through mediation. Government representatives are actively engaged in these discussions and, along with the Pebble Partnership, are focused on achieving a resolution that will be agreeable to both parties. In the meantime, the court's preliminary injunction of Nov. 25, 2014, will remain in effect for the duration of any stay.

"Active discussions between all parties involved have been positive and very constructive," said Tom Collier, chief executive officer of the Pebble Partnership. "We remain confident in achieving a prompt and fair resolution that follows the rule of law, supports the interests of the parties involved and allows the Pebble Project to move into a normal course permitting process."

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset is the Pebble project in southwest Alaska, United States, an initiative to develop one of the world's most important mineral resources.

We seek Safe Harbor.

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