Northern Dynasty: Fourth Tranche of $12 million Royalty Investment Received, Update on Government Discussions and Court Filings
Northern Dynasty Minerals (NYSE:NAK) has received the fourth tranche payment of $12 million from its royalty agreement, bringing the total investment to $48 million out of a possible $60 million. The royalty investor now has until December 31, 2025 to complete the fifth and final $12 million tranche.
The company's treasury position has strengthened with this payment, combined with several million dollars from stock options and warrants exercise, and their Q2 closing cash balance of CA$25.2 million ($18.5 million). The royalty agreement includes rights to 10% of payable gold production and 30% of payable silver production.
Northern Dynasty continues discussions with the government regarding the withdrawal of a veto while simultaneously pursuing legal action with other plaintiffs, with opening briefs due by October 3, 2025.
Northern Dynasty Minerals (NYSE:NAK) ha incassato la quarta tranche di 12 milioni di dollari dell’accordo di royalty, portando l’investimento totale a 48 milioni di dollari su un massimo di 60 milioni. L’investitore royalty ora ha tempo fino al 31 dicembre 2025 per completare la quinta e ultima tranche di 12 milioni di dollari.
La posizione di tesoreria dell’azienda si è rafforzata grazie a questo pagamento, assieme a diversi milioni di dollari derivanti dall’esercizio di stock options e warrant, e al saldo di cassa di chiusura del secondo trimestre pari a CA$25,2 milioni ($18,5 milioni). L’accordo di royalty comprende diritti su 10% della produzione aurifera pagabile e 30% della produzione di argento pagabile.
Northern Dynasty prosegue le discussioni con il governo riguardo al ritiro del veto, while contemporaneamente perseguendo azioni legali con altri querelanti, con i fascicoli introduttivi da presentare entro il 3 ottobre 2025.
Northern Dynasty Minerals (NYSE:NAK) ha recibido la cuarta cuota de 12 millones de dólares del acuerdo de regalía, llevando la inversión total a 48 millones de dólares de un máximo de 60 millones. El inversionista de regalía ahora tiene hasta el 31 de diciembre de 2025 para completar la quinta y última cuota de 12 millones de dólares.
La posición de tesorería de la empresa se ha fortalecido con este pago, sumado a varios millones de dólares por la ejercitación de opciones sobre acciones y warrants, y al saldo de caja de cierre del segundo trimestre de CA$25,2 millones ($18,5 millones). El acuerdo de regalía incluye derechos sobre el 10% de la producción de oro pagadera y el 30% de la producción de plata pagadera.
Northern Dynasty continúa las discusiones con el gobierno sobre la retirada del veto mientras persigue acciones legales con otros demandantes, con los escritos de apertura que deben presentarse antes del 3 de octubre de 2025.
Northern Dynasty Minerals(NYSE:NAK)가 로열티 계약으로부터 1,200만 달러의 네 번째 분할 지급을 받았으며, 이로써 총 투자는 가능액 6,000만 달러 중 4,800만 달러로 증가했습니다. 로열티 투자자는 이제 2025년 12월 31일까지 다섯 번째이자 마지막 분할 1,200만 달러를 완료해야 합니다.
이번 지급으로 회사의 현금 보유가 강화되었으며, 주식 옵션 및 워런트의 행사로 인한 수백만 달러와 2분기 말 현금 잔고 CA$25.2백만 달러(미화 약 1,850만 달러)도 더해졌습니다. 로열티 계약은 지급 가능한 금 생산의 10% 및 지급 가능한 은 생산의 30%에 대한 권리를 포함합니다.
Northern Dynasty는 정부와의 거부권 철회 논의와 동시적으로 다른 원고들과의 법적 조치를 계속 진행 중이며, 개시 서면은 2025년 10월 3일까지 제출될 예정입니다.
Northern Dynasty Minerals (NYSE:NAK) a reçu la quatrième tranche de 12 millions de dollars dans le cadre de l’accord de redevance, portant l’investissement total à 48 millions de dollars sur un maximum de 60 millions. L’investisseur en redevance dispose désormais d’un délai jusqu’au 31 décembre 2025 pour effectuer la cinquième et dernière tranche de 12 millions de dollars.
La trésorerie de l’entreprise s’est renforcée grâce à ce paiement, à plusieurs millions de dollars issus de l’exercice d’options sur actions et de warrants, et au solde de clôture du T2 s’élevant à CA$25,2 millions (≈ 18,5 millions USD). L’accord de redevance prévoit des droits sur 10% de la production d’or payable et 30% de la production d’argent payable.
Northern Dynasty poursuit ses discussions avec le gouvernement concernant le retrait du veto tout en engageant des actions en justice avec d’autres plaignants, les mémoires d’ouverture devant être soumis d’ici le 3 octobre 2025.
Northern Dynasty Minerals (NYSE:NAK) hat die vierte Tranche in Höhe von 12 Millionen USD aus der Royalties-Vereinbarung erhalten und damit die Gesamtsumme auf 48 Millionen USD von maximal 60 Millionen erhöht. Der Royalties-Investor hat nun bis zum 31. Dezember 2025 Zeit, die fünfte und letzte Tranche über 12 Millionen USD abzuschließen.
Die Treasury-Position des Unternehmens hat sich durch diese Zahlung gestärkt, zusammen mit mehreren Millionen Dollar aus dem Ausüben von Aktienoptionen und Warrants sowie dem Barbestand zum Ende des zweiten Quartals von CA$25,2 Mio. (ca. $18,5 Mio.). Das Royalties-Abkommen umfasst Nutzungsrechte auf 10% der zahlbaren Goldproduktion und 30% der zahlbaren Silberproduktion.
Northern Dynasty setzt die Gespräche mit der Regierung über den Rücknahme eines Vetos fort, während gleichzeitig Klagen mit anderen Klägern geführt werden; die Eröffnungsbriefe sind bis zum 3. Oktober 2025 fällig.
Northern Dynasty Minerals (NYSE:NAK) قد استلمت الدفعة الرابعة من 12 مليون دولار من اتفاقية الإتاوة، وبذلك أصبح إجمالي الاستثمار 48 مليون دولار من أصل 60 مليون دولار ممكنة. للمستثمر في الإتاوة مهلة حتى 31 ديسمبر 2025 لاستكمال الدفعة الخامسة والأخيرة من 12 مليون دولار.
تعزز موقف الخزينة للشركة بفضل هذه الدفع، إلى جانب عدة ملايين من الدولارات نتيجة ممارَسة خيارات الأسهم والـ warrants، ورصيد النقد في إغلاق الربع الثاني البالغ CA$25.2 مليون (≈ 18.5 مليون دولار). يشمل اتفاق الإتاوة حقوقاً في 10% من إنتاج الذهب القابل للدفع و30% من إنتاج الفضة القابل للدفع.
تواصل Northern Dynasty مناقشاتها مع الحكومة بشأن سحب حق النقض (الفيتو) في الوقت نفسه مع اتخاذ إجراءات قانونية مع مدعين آخرين، حيث يجب تسليم المذكرات الافتتاحية بحلول 3 أكتوبر 2025.
Northern Dynasty Minerals (NYSE:NAK) 已经收到了来自特许权协议的第四笔支付，金额为 1200万美元，使总投资达到 4800万美元，尚有最高60,000,000美元的潜在金额。特许权投资方现在需在2025年12月31日前完成第五笔也是最后一笔的 1200万美元。
这笔付款以及来自股票期权和认股权证行使的数百万元，加上第二季度收盘现金余额 CA$2520万（约合1,850万美元），共同加强了公司的财政状况。特许权协议包括对 应付黄金产量的10%和应付白银产量的30% 的权利。
Northern Dynasty 继续与政府就撤回否决权进行谈判，同时与其他原告共同推进法律行动，开案陈述需在 2025年10月3日 前提交。
- Received $12 million fourth tranche payment, bringing total royalty investment to $48 million
- Strong treasury position with combined funds from royalty payment, stock options/warrants exercise, and Q2 cash balance of CA$25.2 million
- Potential for additional $12 million from fifth tranche by December 31, 2025
- Ongoing government veto remains unresolved
- Company forced to pursue parallel legal action with uncertain outcome
- Project development remains stalled pending veto resolution
Insights
Northern Dynasty secured $12M in royalty investment while pursuing dual strategy against regulatory veto that's blocking Pebble mine development.
Northern Dynasty has received the fourth $12 million payment under its royalty agreement, bringing total investment to
The royalty structure remains unchanged, giving the investor rights to
The company is pursuing a dual-track strategy regarding what they term an "illegal veto" blocking the Pebble project. They're prioritizing direct government negotiations for withdrawal of the veto while simultaneously proceeding with litigation alongside other plaintiffs (State of Alaska and Iliamna Natives Ltd). Opening briefs in the court case must be filed by October 3, 2025.
Management's comments suggest they believe the veto is legally vulnerable and that the project's mineral resources (copper, rhenium, gold, molybdenum, and silver) represent significant economic potential. However, the continued need for both negotiation and litigation indicates substantial regulatory uncertainty remains before any development can proceed.
VANCOUVER, BC / ACCESS Newswire / September 25, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") and its
With the fourth tranche investment now completed before September 30, 2025, the royalty investor has the right to elect to complete the fifth and final
"We appreciate the continued support from our royalty investor and are pleased to see the fourth payment of
"We continue to have discussions with the government about withdrawing the veto and remain optimistic for a positive outcome. Withdrawal of the illegal veto will be a step towards developing this very large new source of copper and rhenium, as well as significant amounts of gold, molybdenum and silver, unlocking substantial and long-lasting economic benefits for the region, the state and the country."
"While our focus continues to be on a successful outcome from our discussions, we are maintaining the pursuit of a parallel track and will join the other plaintiffs (the State of Alaska and Iliamna Natives Ltd, et al.) in filing our opening briefs by October 3, 2025. The court action is being pursued in the interest of keeping timelines as tight as possible. Our preferred option remains negotiating a prompt withdrawal of the illegal veto by the government and then dismissing the litigation," Mr. Thiessen concluded.
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 Limited Partnership, is a
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Public filings, which include forward looking information cautionary language and risk factor disclosure regarding the Company and the Pebble Project can be found in Canada at www.sedarplus.ca and in the United States at www.sec.gov.
Ronald W. Thiessen
President & CEO
U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897
Forward Looking Information and other Cautionary Factors
This document includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this document, other than statements of historical facts, which address permitting, including the Company's legal action against the U.S. Environmental Protection Agency ("EPA") and the U.S. Army Corps of Engineers ("USACE"), the withdrawal of the EPA veto, the development and production for the Pebble Project and the ability of the Company to successfully complete the full financing transaction discussed above (the "Royalty Financing") are forward-looking statements. Additional forward looking statements made by the Company under its continuous disclosure obligations include statements regarding (i) the development plan for the Pebble Project (ii) the right-sizing and de-risking of the Pebble Project, (iii) the design and operating parameters for the Pebble Project development plan, including projected capital and operating costs, (iv) the social integration of the Pebble Project into the Bristol Bay region and benefits for Alaska, (v) the political and public support for the permitting process, (vi) the ability of the Pebble Project to ultimately secure all required federal and state permits, (vii) the ability of the Company and/or the State of Alaska to challenge the EPA's Final Determination process under the Clean Water Act and ultimately the USACE's Record of Decision ("USACE ROD") through legal actions; (viii) exploration potential of the Pebble Project, (ix) future demand for copper, gold and other metals, (x) if permitting is ultimately secured, the ability to demonstrate the Pebble Project is ultimately commercially viable, and (xi) the potential addition of partners in the Pebble Project. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government permits or regarding the ability of NDM to develop the Pebble Project in light of the USACE ROD and its subsequent remand decision and the EPA's Final Determination, establish the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble Project.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by NDM as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Assumptions used by NDM to develop forward-looking statements include the assumptions that (i) the Pebble Project will obtain all required environmental and other permits and all land use and other licenses without undue delay, (ii) any feasibility studies prepared for the development of the Pebble Project will be positive, (iii) NDM's estimates of mineral resources will not change, and NDM will be successful in converting mineral resources to mineral reserves, (iv) NDM will be able to establish the commercial feasibility of the Pebble Project, and (v) NDM will be successful in its legal action against the EPA and the USACE and any action taken by the EPA in connection with the Final Determination will ultimately not be successful in restricting or prohibiting development of the Pebble Project.
There is no assurance that the royalty investor will complete the remaining investment tranche under the Royalty Agreement. In addition, the likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including (i) the current development plan may not reflect the ultimate mine plan for the Pebble Project, (ii) obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to third party opposition or changes in government policies, (iii) finalization of the mine plan for the Pebble Project, (iv) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically mined, (v) completion of all necessary engineering for mining and processing facilities, (vi) the ability of NDM to secure a partner for the development of the Pebble Project, and (vi) receipt by NDM of significant additional financing, including the full Royalty Financing, to fund these objectives as well as funding mine construction. NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. Investors should also consider the risk factors identified in the Company's Annual Information Form for the year ended December 31, 2024, as filed on SEDAR+ (www.sedarplus.ca) and included in its annual report on Form 40-F filed on EDGAR (www.sec.gov), as well as the risk factors set out in the Company's subsequent public continuous disclosure filings available on SEDAR+ and EDGAR. For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedarplus.ca.
The National Environment Policy Act Environmental Impact Statement process requires a comprehensive "alternatives assessment" be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated infrastructure may vary significantly from that currently contemplated. As a result, the Company will continue to consider various development options and no final project design has been selected at this time.
SOURCE: Northern Dynasty Minerals Ltd.
View the original press release on ACCESS Newswire
FAQ
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