04:38:44 EDT Sun 28 Apr 2024
Enter Symbol
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USA
CA



Northern Dynasty Minerals Ltd
Symbol NDM
Shares Issued 529,779,388
Close 2023-04-25 C$ 0.30
Market Cap C$ 158,933,816
Recent Sedar Documents

N. Dynasty unit comments on Pebble application remand

2023-04-26 09:29 ET - News Release

Mr. John Shively reports

NORTHERN DYNASTY: U.S. ARMY CORPS SENDS PEBBLE PERMIT APPLICATION BACK TO ALASKA OFFICE FOR MORE WORK

Northern Dynasty Minerals Ltd.'s 100-per-cent-owned United States-based subsidiary Pebble LP (PLP) has responded to yesterday's announcement that the U.S. Army Corps of Engineers (USACE) Pacific Ocean division had accepted the Pebble partnership's position that the process for the final record of decision for the Pebble project was not properly followed. The Pacific Ocean division did not sustain the permit denial decision on the Pebble project that was originally made by the USACE Alaska district and remanded the matter back to that office to re-evaluate specific issues.

The following statement by John Shively, chief executive officer of PLP, is reiterated in full below:

"The USACE has recognized that the final decision process for Pebble was not properly undertaken and sent its decision document back to the Alaska district following our appeal over two years ago. I am encouraged that some in the federal government recognize the importance of following a fair and established process for reviewing resource projects in Alaska.

"Our technical and permitting team will now spend some time looking through all the material released today as there is a fair amount to digest. We have several issues in motion around the project and a key current focus for us right now is what next steps we will be taking regarding the EPA's pre-emptive veto of the project."

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble, is a 100-per-cent interest in a contiguous block of 1,840 mineral claims in southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble partnership is the proponent of the Pebble project, an initiative to develop one of the world's most important mineral resources.

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