Northern Dynasty Reports Annual General Meeting Results and Welcomes New Directors

Rhea-AI Summary

Northern Dynasty (NYSE American: NAK) reported results of its 2025 Annual Meeting held June 24, 2026. Shareholders voted 292,112,632 common shares, representing 52.16% of outstanding shares. All management-backed items passed, including director elections, auditor re-appointment, and extension of the share option plan.

Directors received between 53.74% and 97.03% support. Deloitte LLP was re-appointed auditor with 98.09% of votes cast. Shareholders also approved the share option plan and welcomed new directors Julie Morman, Robin Bienenstock and Stephen Meyer, while two prior directors departed the board.

Positive

• Quorum achieved with 52.16% of outstanding common shares voted
• All management-nominated directors elected, most with over 90% support
• Deloitte re-appointed auditor with 98.09% of votes cast in favour
• Share option plan authorization extended until June 24, 2029
• Three new directors added, expanding board experience in Alaska, mining, finance

Negative

• One director received only 53.74% votes for and 46.26% withheld
• Share option plan faced 31.34% votes against despite overall approval

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

VANCOUVER, BC / ACCESS Newswire / June 24, 2026 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") announces the voting results from its 2025 Annual Meeting of Shareholders held on June 24, 2026 in Vancouver, British Columbia (the "Meeting") and welcomes new members to its Board of Directors. A total of 292,112,632 common shares were voted at the Meeting, representing 52.16% of the votes attached to all outstanding common shares as of the record date of May 5, 2026. Consistent with the Company's recommendations, shareholders voted in favour of all items of business considered at the Meeting, as follows:

Director	Votes For	Percentage	Votes Withheld	Percentage
Desmond Balakrishnan	96,764,536	53.74	83,304,043	46.26%
Robin Bienenstock	174,211,611	96.75%	5,856,967	3.35%
Robert Dickinson	165,272,924	91.78%	14,795,653	8.22%
Wayne Kirk	167,117,517	92.81%	12,951,063	7.19%
Stephen Meyer	174,725,860	97.03%	5,342,718	2.97%
Julie Morman	174,438,495	96.87%	5,630,083	3.13%
Kenneth Pickering	173,330,632	96.26%	6,737,946	3.74%
Isabel Satra	172,212,115	95.64%	7,856,462	4.36%
Ronald Thiessen	174,591,916	96.96%	5,476,663	3.04%

For the other items at the Meeting, shareholders re-appointed Deloitte LLP as the Company's auditor (286,544,094 votes FOR (98.09%) and 5,568,537 votes WITHHELD (1.91%) and approved a resolution that authorized for grant all currently available and unallocated share options issuable pursuant to the Company's share option plan until June 24, 2029 (123,643,340 votes FOR (68.66%) and 56,425,237 votes AGAINST (31.34%).

Detailed voting results for the Meeting will be available on SEDAR plus at www.sedarplus.ca.

Robert Dickinson, Chairman, said "I would like to welcome Julie Morman, Robin Bienenstock and Steve Meyer to Northern Dynasty's Board of Directors. They bring highly complementary experience in Alaska, in mining and in finance, as well as valuable insight that will enhance the Board's ability to provide strong guidance as the Company advances the Pebble Project. I also want to thank Siri Genik and Josie Hickel, who have left the Board, for their contributions to our success to date."

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 100% 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.

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 are forward-looking statements. Investors should also consider the risk factors identified in the Company's Annual Information Form for the year ended December 31, 2025, 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.

SOURCE: Northern Dynasty Minerals Ltd.

View the original press release on ACCESS Newswire

FAQ

What were the key voting results at Northern Dynasty (NAK) 2025 Annual Meeting on June 24, 2026?

Shareholders approved all management-backed items at Northern Dynasty’s 2025 Annual Meeting. According to Northern Dynasty, 292,112,632 shares were voted, representing 52.16% of outstanding shares, supporting director elections, auditor re-appointment, and extension of the company’s share option plan.

How did shareholders vote on director elections at Northern Dynasty (NAK) 2025 Annual Meeting?

All nominated directors were elected at the 2025 Annual Meeting. According to Northern Dynasty, most directors received between about 92% and 97% support, while one director received 53.74% votes for and 46.26% votes withheld, indicating varied levels of shareholder backing.

What was the outcome of the auditor vote for Northern Dynasty (NAK) on June 24, 2026?

Deloitte LLP was re-appointed as Northern Dynasty’s auditor. According to Northern Dynasty, the auditor vote recorded 286,544,094 votes for, equal to 98.09%, and 5,568,537 votes withheld, equal to 1.91%, confirming strong shareholder support for continuing with the existing audit firm.

Did Northern Dynasty (NAK) shareholders approve the share option plan extension to 2029?

Yes, shareholders approved extending the share option plan authorization. According to Northern Dynasty, 123,643,340 votes (68.66%) supported granting all available and unallocated share options under the plan until June 24, 2029, while 56,425,237 votes (31.34%) were cast against the resolution.

Which new directors joined Northern Dynasty (NAK) board after the 2025 Annual Meeting?

Julie Morman, Robin Bienenstock and Stephen Meyer joined Northern Dynasty’s board. According to Northern Dynasty, these new directors bring experience in Alaska, mining and finance, which is expected to enhance the board’s guidance as the company advances its Pebble Project.

What was shareholder turnout relative to outstanding shares for Northern Dynasty (NAK) 2025 AGM?

Shareholder turnout represented just over half of outstanding shares. According to Northern Dynasty, 292,112,632 common shares were voted at the meeting, equal to 52.16% of the votes attached to all outstanding common shares as of the May 5, 2026 record date.