Northern Dyn Stock Price, News & Analysis

Northern Dynasty Minerals Ltd. (NYSE American: NAK) has completed its 2022 summer work program through its subsidiary, Pebble Limited Partnership. The six-week program focused on site maintenance and the permanent closure of certain drill holes after hydrology data collection. All field crew members were local residents. The company expressed gratitude for their work and for those combating record-breaking wildfires affecting Alaska. A cleanup plan is underway for a storage site damaged by the fires, which occurred amid unprecedented dry conditions in the region.

Northern Dynasty Minerals Ltd. announced the results of its 2022 Annual General Meeting held on June 23, 2022, where 215,554,654 common shares were voted, representing 40.69% of total shares. All nine board nominees were elected, with Desmond Balakrishnan receiving 55.39% of votes for and 44.61% withheld. Other directors, such as Steven Decker and Ronald Thiessen, received 75.76% and 76.14%, respectively. Additionally, shareholders re-appointed Deloitte LLP as auditors and approved a Shareholder Rights Plan. Detailed results available on SEDAR.

Northern Dynasty Minerals (TSX:NDM, NYSE American:NAK) announced its inclusion in the new Battery Metals Index on the Toronto Stock Exchange on June 7, 2022. This index focuses on companies involved in the production and exploration of essential battery metals such as Copper, Lithium, and Nickel. CEO Ron Thiessen emphasized the critical need for new copper sources in the U.S. and Canada, highlighting the Pebble Project as the world's largest undeveloped copper project. The announcement signals a pivotal step towards addressing future copper supply shortages necessary for advancing green energy technologies.

Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced that its CEO, John Shively, reacted to the U.S. EPA's intent to veto the Pebble Project, calling the move a setback for climate goals. Shively criticized the government's conflicting approaches to renewable energy and mining, asserting that the Pebble Project can operate without harming local fisheries, as confirmed by a 2020 Environmental Impact Statement. He emphasized the economic benefits the project could bring to local communities and stressed the need for a thorough review of the proposed veto, which involves multiple steps before finalization.

Northern Dynasty Minerals Ltd. announced that Mark Rebagliati, Executive VP of Hunter Dickinson Inc., received the 2022 J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining. The award ceremony was held on May 2, 2022. Rebagliati has significantly contributed to the discovery and advancement of several major deposits in Canada and internationally, showcasing his expertise in mineral exploration. Northern Dynasty focuses on developing its principal asset, the Pebble Project in Alaska, which is vital for mineral resources.

Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced its 2022 field program for the Pebble Project in Alaska, focusing on environmental sustainability. Scheduled from mid-May to June, activities include site maintenance, equipment demobilization, and drill hole closures. Local hiring is prioritized, aiming to enhance community employment. The project, if permitted, could create approximately 12,500 jobs during initial capital and 13,000 during operations, contributing an estimated $262 million in annual state taxes and $720 million to Alaska's GDP.

Northern Dynasty Minerals Ltd. (NYSE American: NAK) filed its audited financial statements, management discussion, and annual report for the fiscal year ending December 31, 2021. The report includes a going concern emphasis from its independent auditor, which is standard in such filings. This report does not amend previous filings. The company's main asset is the Pebble deposit in Alaska, a significant mineral resource project. For further details, visit the company's website or contact Investor services.

Northern Dynasty Minerals Ltd. (NYSE American: NAK) responds to President Biden's "Made in America" initiative, emphasizing the Pebble Project's role in U.S. mineral security. The company highlights America’s reliance on foreign copper, citing that nearly 50% of its annual requirements were imported in 2021. The project promises economic benefits, potentially creating thousands of jobs and generating significant state revenue. Northern Dynasty asserts its commitment to environmental protection, investing $600 million in water treatment and utilizing advanced mining technologies. The company's appeal against a negative Record of Decision is ongoing.