Northern Dyn Stock Price, News & Analysis

Northern Dynasty Minerals Ltd. (NYSE American: NAK) announced that the US Army Corps of Engineers (USACE) has accepted the Pebble Limited Partnership's request to appeal a negative Record of Decision (ROD) regarding the Pebble Project in Alaska.

The Pebble Partnership submitted the appeal request on January 19, 2021, and USACE confirmed its completeness on February 24, 2021. The original ROD, issued in November 2020, denied a permit citing non-compliance with the Clean Water Act. Northern Dynasty contests these findings, claiming they lack legal support and contradict the project's Environmental Impact Statement.

Northern Dynasty Minerals Ltd. (NYSE: NAK) has submitted a Request for Appeal regarding the US Army Corps of Engineers' (USACE) decision deeming its proposed Pebble Project in Alaska would cause 'significant degradation' to local waters. The appeal argues that this finding is inconsistent with the Clean Water Act and lacks substantial support. The USACE has 30 days to assess the appeal's completeness, with a potential administrative process concluding within 90 days. The company asserts the decision could negatively impact future resource development in Alaska.

Northern Dynasty Minerals Ltd. (NAK) announced that the Pebble Limited Partnership and former CEO Tom Collier received subpoenas from the U.S. Attorney's Office for Alaska. This investigation is related to previously disclosed recordings about the Pebble Project. The Company asserts that there are no current charges against any individuals or entities. Northern Dynasty plans to cooperate with the investigation and will keep investors informed through regular updates. The Pebble Project aims to develop significant mineral resources in southwest Alaska, encompassing over 2,400 mineral claims.

Northern Dynasty Minerals Ltd. has filed a 'request for appeal' (RFA) against the US Army Corps of Engineers' negative Record of Decision regarding the Pebble Project in Alaska. The company believes the decision is legally unfounded and urges stakeholders to review the RFA, which highlights the importance of the project for Alaska's resource development. The appeal process is expected to conclude within 90 days, dependent on USACE's response. The Pebble Project aims to develop a significant mineral resource but faces regulatory hurdles despite previous environmental findings.

Northern Dynasty Minerals Ltd. has submitted a request for appeal to the US Army Corps of Engineers regarding a negative Record of Decision (ROD) on its Pebble Project. The ROD, issued on November 25, 2020, denied a key permit under the Clean Water Act, citing non-compliance with the compensatory mitigation plan. Despite the final Environmental Impact Statement, which reported minor ecological effects, the Pebble Partnership contests the findings of significant degradation and the ROD's conclusions, asserting they are legally unfounded. The appeal process should conclude within 90 days.

Northern Dynasty Minerals Ltd. (NAK) announced that the State of Alaska, led by Governor Mike Dunleavy, will appeal the US Army Corps of Engineers' (USACE) denial of a key permit for the Pebble Project. Governor Dunleavy criticized the USACE's November 25, 2020 decision as flawed and warned of its harmful implications for Alaska's resource development. The appeal aims to challenge the denial based on procedural and substantive grounds, asserting that mitigation requirements are unprecedented and inconsistent with state policy. Northern Dynasty expects the appeal to be filed within two weeks.

MoSys, Inc. (NASDAQ:MOSY) has announced a partnership with Arrow Electronics to distribute its QPR Memory and Bandwidth Engine memory products for use with Intel and Xilinx FPGAs. This collaboration aims to enhance system performance by eliminating device bottlenecks, reducing power consumption, and optimizing board space. MoSys claims its memory solutions can offer up to 8 times the density of traditional QDR memory while significantly lowering costs. A webinar is set for February 3, 2021, to showcase how these products can simplify design processes.

Northern Dynasty Minerals Ltd. aims to challenge the US Army Corps of Engineers' (USACE) rejection of its Compensatory Mitigation Plan for the Pebble Project. The Pebble Partnership, a subsidiary, plans to submit a request for appeal in January 2021, arguing that the USACE's findings were legally baseless and unprecedented in Alaska. The Pebble Project proposes extensive mitigation measures, including a 112,445-acre conservation area. The company claims that USACE's rejection was procedural and lacked adequate opportunity for response.

Northern Dynasty Minerals Ltd. reported that its subsidiary, Pebble Limited Partnership, is preparing a request for appeal concerning the US Army Corps of Engineers' negative Record of Decision for the Pebble Project. The ROD denied a dredge and fill permit due to non-compliance with the Clean Water Act. The Pebble Partnership has 60 days to appeal, asserting that the decision contradicts the Environmental Impact Statement findings. Key economic forecasts for the project include significant tax revenues and local employment opportunities, which officials believe will benefit the Bristol Bay region and Alaska.