Welcome to our dedicated page for Northern Dyn news (Ticker: NAK), a resource for investors and traders seeking the latest updates and insights on Northern Dyn stock.
Northern Dynasty Minerals Ltd. (NYSE American: NAK; TSX: NDM) is a mineral exploration and development company based in Vancouver, Canada, whose news flow centers on the Pebble Project in Southwest Alaska. Through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, the company holds a 100% interest in a contiguous block of 1,840 mineral claims that includes the Pebble deposit. News about Northern Dynasty often relates to this asset and to the regulatory, legal and financing developments surrounding it.
On this page, readers can follow company announcements about board and governance changes, such as the appointment of new directors and updates on the composition of the Audit and Risk Committee in relation to NYSE American corporate governance rules. Northern Dynasty has reported both a period of non-compliance and the subsequent rectification of that status through a new board appointment.
Another major theme in Northern Dynasty’s news is the legal and regulatory environment for the Pebble Project. The company and its Pebble Partnership subsidiary have issued releases about negotiations with the U.S. Environmental Protection Agency, motions and summary judgment filings in Alaska Federal Court and timetable updates for legal proceedings concerning an EPA veto that the company characterizes as illegal or unlawful. These updates provide context on how federal regulatory decisions may influence the project’s future.
Financing developments also feature prominently in Northern Dynasty’s news. The company has reported multiple tranches of payments under a royalty agreement related to the Pebble Project, culminating in a fifth and final US$12 million tranche that completes a US$60 million royalty investment program. These releases describe the associated royalty rights on future payable gold and silver production and the company’s view of the impact on its liquidity.
Investors and observers who follow NAK news can use this page to review ongoing disclosures about corporate governance, litigation and negotiations with U.S. agencies, royalty financing milestones and other updates that Northern Dynasty provides through its press releases and related SEC Form 6-K filings.
Northern Dynasty Minerals Ltd. (NAK) reported on August 28, 2020, that the U.S. Army Corps of Engineers (USACE) confirmed its position regarding the Pebble Project. Senior USACE official Ryan Fisher emphasized that the Alaska District's letter serves as the guiding policy for the project, countering misleading media narratives. The Pebble Partnership is actively finalizing a wetlands mitigation plan and has clarified that discussions with USACE have been ongoing. The company remains optimistic about achieving a positive Record of Decision as studies indicate no harm to the Bristol Bay fishery.
Northern Dynasty Minerals Ltd. reports a confirmation from a senior USACE official that the policy position regarding the Pebble Project is outlined in a letter dated August 20, 2020. This clarification counters recent misreporting that suggested the project was halted. The company emphasizes that there is a path forward for the Pebble Project, which is continuing its mitigation plan discussions with the USACE. The Pebble team has been conducting wetlands survey work and expects to finalize the plan in the coming weeks, highlighting confidence in the project's future despite media speculation.
Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced that its subsidiary, Pebble Limited Partnership, received a letter from the U.S. Army Corps of Engineers regarding wetlands mitigation for the Pebble Project. The letter is characterized as a routine part of the permitting process and does not request additional mitigation or delay. The Pebble Partnership is developing a mitigation plan to address approximately 3,000 acres of impacted wetlands and 100 miles of streams. The company expects to submit its Comprehensive Management Plan to the USACE shortly, indicating confidence in meeting all requirements.
Northern Dynasty Minerals Ltd. announced an advertising and outreach campaign through its subsidiary, Pebble Limited Partnership, targeting the Trump Administration and Republican delegates during the Republican National Convention.
The campaign aims to emphasize the importance of unbiased regulatory permitting for the Pebble Project, which has undergone extensive federal study. CEO Tom Collier stated that rejecting the Pebble Project would revert to politicized reviews. The campaign includes television ads and grassroots efforts to rally Republican support for the project's development.
Northern Dynasty Minerals Ltd. (NAK) released a statement refuting claims by Politico regarding potential blockage of the Pebble Project by the Trump Administration. The company asserts that the project is proceeding normally, following anticipated publication by the U.S. Army Corps of Engineers (USACE) on wetlands mitigation. Northern Dynasty emphasized that the administration supports a non-political approach to permitting. The USACE's Environmental Impact Statement noted substantial economic benefits and feasibility without harming local fisheries.
Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced that the Alaska Republican Party has passed a resolution supporting the development of the Pebble Mine. The resolution highlights potential economic benefits, including $21 million in annual revenue for the Lake and Peninsula Borough and $1 billion for the State of Alaska, along with 1,750 jobs. The Pebble project is also noted for undergoing extensive environmental studies and significantly reducing its size. The party urges swift approval from Alaska’s leaders and the U.S. Army Corps of Engineers.
Northern Dynasty Minerals Ltd. (NAK) President & CEO Ron Thiessen addressed concerns raised by Bass Pro Shops founder Johnny Morris regarding the Pebble Project.
Thiessen emphasized that the Pebble mine, located over 200 river miles from the Bristol Bay fishery, will not harm fish populations and has undergone extensive environmental studies. He asserted that the project will coexist with the existing fishing economy and provide stable, well-paid jobs for local communities.
The company has invested nearly $1 billion to advance the Pebble Project through federal permitting and is committed to responsible resource development.
Northern Dynasty Minerals CEO Ron Thiessen addressed concerns following comments made by Johnny Morris, founder of Bass Pro Shops, regarding the Pebble Project. Thiessen stated that the Pebble Project, backed by nearly US$1 billion in investment, will not harm Bristol Bay fisheries and will coexist with local fishing economies. The project aims to produce essential minerals while generating stable, year-round jobs for local communities. He emphasized that the Pebble Project has received a positive Environmental Impact Statement, countering claims suggesting it threatens local resources.
Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced that its subsidiary, Pebble Limited Partnership, has requested an Inspector General review of the U.S. Army Corps of Engineers' (USACE) management of the Pebble Project Environmental Impact Statement (EIS). This aligns with a similar request from the U.S. Congress House Committee on Oversight and Reform. Pebble leadership, including President & CEO Tom Collier, expressed confidence that the USACE's work is legitimate and that the review will dispel allegations of political interference. The Pebble Project is positioned to be a significant source of copper and strategic metals.
Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced that its subsidiary, Pebble Limited Partnership, has requested a review by the Inspectors General of the US Army Corps of Engineers regarding the Pebble Project Environmental Impact Statement. This request aligns with a similar appeal by the US Congress. Northern Dynasty's leadership has expressed confidence that an independent review will affirm the integrity of the USACE's processes. The company emphasizes the project's potential to significantly contribute to the US's mineral independence and low-carbon future.
FAQ
What is the current stock price of Northern Dyn (NAK)?
What is the market cap of Northern Dyn (NAK)?
