Northern Dyn - NAK STOCK NEWS

Northern Dynasty Minerals (NYSE: NAK) comments on President Trump's March 20, 2025 executive order aimed at boosting America's mineral production. The order focuses on securing stable supply of essential minerals like copper and gold for defense, technology, and infrastructure, while directing federal agencies to expedite domestic mineral project approvals.

The company's Pebble Project in Alaska represents the world's largest undeveloped copper deposit, containing significant resources of gold, molybdenum, silver, and rhenium. According to CEO Ron Thiessen, the 2020 Final Environmental Impact Study indicated the project's potential to generate substantial economic benefits through high-paying jobs and tax revenues for local Alaskan communities, the state, and the U.S.

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) and its subsidiary Pebble Partnership have agreed to EPA's request for a 90-day abeyance in ongoing litigation. This pause will allow newly confirmed EPA leadership to review the case and determine next steps regarding the Pebble Project, which represents the world's largest undeveloped copper deposit.

The company believes EPA acted inappropriately in vetoing mining activities at the site. CEO Ron Thiessen expressed optimism about the review period, citing recent executive orders, the new administration's emphasis on science and facts, and the importance of domestic critical mineral production. The company aims to resume permit discussions with the U.S. Army Corps of Engineers.

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) has released an Open Letter to Shareholders to provide updates on recent events and their potential implications for the Pebble Project in the near to medium term. The complete letter can be accessed through the company's website investor section.

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) reports that Alaska Governor Mike Dunleavy has submitted a report to President-elect Trump requesting an Alaska-specific Executive Order to simplify resource extraction permitting. The report, titled 'Alaska Priorities for Federal Transition,' recommends simplifying Clean Water Act regulations in line with the Supreme Court Sackett decision, requiring State Approval for 404(c) vetoes, and modifying compensatory mitigation requirements for Alaska's unique characteristics.

Ron Thiessen, Northern Dynasty's CEO, expressed support for these recommendations, stating they would enhance the permitting process through unbiased science-based oversight and help achieve critical metals security from American/Alaskan sources. The proposals aim to empower state oversight of permitting on state lands and reduce federal agency overreach.

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) has announced the appointment of Josie Hickel to its Board of Directors, where she will serve on the Compensation and Sustainability Committees. Hickel brings over 25 years of executive leadership experience in Alaska, including roles in commercial enterprises and the Chugach Regional Native She previously served as Senior Vice President of HR and Administration at the Pebble Partnership from 2008-2014. Currently, she owns and operates Sustainable Alaska Consulting Services, focusing on development opportunities benefiting small communities and Alaska Native people.

The U.S. Federal District Court in Alaska has granted Northern Dynasty Minerals' motion to modify its existing complaint against the Environmental Protection Agency (EPA) by adding the US Army Corps of Engineers (USACE) as a defendant. This decision allows Northern Dynasty to challenge both the EPA's veto and USACE's permit denial for the Pebble Project in a single case. The company aims to reverse the USACE decision to deny the project a permit and expose what it believes were politically motivated actions by both agencies. Northern Dynasty's CEO, Ron Thiessen, stated that combining these cases is more efficient and will allow them to present critical evidence demonstrating the erroneous nature of the permit denial and subsequent EPA veto.

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) has received the remaining $10 million royalty payment under the second tranche of its amended Royalty Agreement. This completes the $12 million second tranche, with the first $2 million received upon execution of the Amendment in November 2023. The completion extends the balance of the Royalty Agreement until July 26, 2025.

The Royalty Holder now has the right to receive approximately 2% of payable gold production and 6% of payable silver production from the Pebble Project. The remaining three tranches of $12 million each are still available, potentially providing an additional $36 million investment. The total purchase price remains at $60 million, with maximum royalty rates of 10% for gold and 30% for silver production.

Northern Dynasty Minerals announced the results of its 2024 Annual General Meeting held on June 27, 2024. A total of 242,392,823 common shares were voted, representing 45.08% of all outstanding shares. All eight director nominees were elected, with Christian Milau receiving the highest approval at 97.05%. Deloitte was appointed as auditor with 87.12% approval.

The 2024 Share Option Plan was not approved, with 51.80% against the resolution. However, the 2024 Non-Employee Directors Deferred Share Unit Plan and the 2024 Restricted Share Unit Plan were approved with 77.85% and 77.93% votes in favor, respectively.

Non-votes were recorded on each resolution, largely due to discretionary votes given to brokers by US beneficial holders, which are not allowed under Canadian Securities Regulations.

Northern Dynasty Minerals reports that Iliamna Natives (INL) and Alaska Peninsula (APC), representing communities near the Pebble Project, have filed a lawsuit against the Environmental Protection Agency (EPA). The corporations allege that the EPA exceeded its authority in vetoing the Pebble Project.

John Shively, CEO of Pebble Partnership, highlighted the potential benefits of the Pebble Project, including job creation, economic activity, and reduced living costs for local communities. According to Shively, the EPA has disregarded local community views, leading to increased outmigration and higher living costs.

Ron Thiessen, President and CEO of Northern Dynasty, expressed support for the lawsuit, arguing that the EPA's veto deprives local communities of economic opportunities and a brighter future.