202610 releases
Northern Dynasty Minerals Reports Change to Board of Directors
Wayne Kirk has stepped down from the Board of Directors of Northern Dynasty Minerals for personal reasons. Chairman Bob Dickinson thanked Kirk for his contributions to the Company. Northern Dynasty's principal asset, held through its Alaska-based subsidiary Pebble Limited Partnership, is a 100% interest in 1,840 mineral claims in Southwest Alaska, including the Pebble deposit.
ManagementNorthern Dynasty Reports Oral Arguments Held
Oral arguments were held on June 25, 2026 in Alaska Federal District Court in Northern Dynasty Minerals' case seeking withdrawal of the Environmental Protection Agency's veto. President and CEO Ron Thiessen said the matter is now ripe for decision by the court. The Company's principal asset is a 100% interest in 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, held through its subsidiary Pebble Limited Partnership.
CorporateNorthern Dynasty: Alaska Court Moves Quickly, Setting Date for Oral Argument for June 25, 2026
Oral argument in the Federal District Court litigation in Alaska brought by Northern Dynasty and its wholly owned Pebble Limited Partnership to vacate the EPA veto has been scheduled for June 25, 2026. All briefs by all parties have been filed. The Pebble Project comprises 1,840 mineral claims in Southwest Alaska, 200 miles from Anchorage and 125 miles from Bristol Bay.
CorporateNorthern Dynasty Reports Annual General Meeting Results and Welcomes New Directors
Shareholders approved all items of business at the 2025 Annual Meeting of Shareholders held June 24, 2026 in Vancouver, with 292,112,632 common shares voted, representing 52.16% of outstanding shares as of the May 5, 2026 record date. All ten director nominees were elected, including new directors Julie Morman, Robin Bienenstock and Stephen Meyer, while Siri Genik and Josie Hickel left the Board. Deloitte LLP was re-appointed auditor, and unallocated share options were authorized for grant until June 24, 2029.
CorporateNorthern Dynasty: Plaintiffs File Response Briefs Detailing Serious Issues in DOJ Brief
Northern Dynasty and its Pebble Limited Partnership subsidiary filed a brief in Alaska Federal Court on April 14, 2026 responding to the Department of Justice brief filed February 17, 2026 on behalf of the EPA, arguing the Clean Water Act veto of the Pebble Project is illegal and should be withdrawn. The State of Alaska, Iliamna Natives Ltd. and Alaska Peninsula Corp. also filed response briefs. The filing argues EPA's conclusions contradict the Final Environmental Impact Statement and that its economic analysis failed to comply with the law.
CorporateNorthern Dynasty Makes Annual Filings
Audited financial statements, Management Discussion and Analysis, Annual Information Form and Annual Report on Form 40F for the year ending December 31, 2025 have been filed. The audited consolidated financial statements included in the Form 40F contained an audit report from the Company's independent registered public accounting firm with a going concern emphasis of matter, consistent with previous years. Disclosure is required under Section 610(b) of the NYSE American Company Guide and does not amend any prior filings.
CorporateNorthern Dynasty: Response to DOJ Brief
Northern Dynasty Minerals and its subsidiary Pebble Limited Partnership responded to a Department of Justice brief filed in Alaska Federal Court on February 17, 2026 defending the EPA's Clean Water Act veto of the Pebble Project in Southwest Alaska. The company said it will file its response brief on or before April 15, arguing the veto is unlawful and contradicts the Final Environmental Impact Statement. It stated it will continue to explore settlement with the EPA while pushing for a court decision.
CorporateNorthern Dynasty: Update on Summary Judgement Case
The U.S. Department of Justice filed its brief in Alaska Federal Court on February 17, 2026, in the summary judgement case concerning the EPA veto of the Pebble Project in Southwest Alaska. Northern Dynasty and its wholly owned subsidiary Pebble Limited Partnership said they are reviewing the filing with their legal team and will provide detailed comments once that review is completed in the next few days.
CorporateNorthern Dynasty: Update of Timelines for Summary Judgement Case
Court-mandated timelines were updated for the summary judgement litigation pending in the Federal District Court in Alaska involving Northern Dynasty's wholly owned Pebble Limited Partnership. Plaintiffs, comprising the State of Alaska, Pebble Partnership, Iliamna Natives Ltd. and Alaska Peninsula Corp., filed summary judgement briefs on October 3, 2025; the Department of Justice must file its brief on or before February 17, 2026, and plaintiffs must file final briefs by April 15, 2026.
CorporateNorthern Dynasty Announces New Board Member and Audit & Risk Committee Chair
Stephen Meyer has been appointed to Northern Dynasty's Board of Directors and as Chair of its Audit and Risk Committee, replacing Christian Milau, who resigned in September 2025. Meyer is President and CEO of a private equity real estate firm, has over 30 years of experience in investment management services, and is a board member of Quicken Inc. The appointment rectifies the NYSE American corporate governance non-compliance described in the Company's December 5, 2025 news release.
Management
202518 releases
Northern Dynasty Provides Update on Board Search and Audit & Risk Committee Composition
The Nominating and Governance Committee expects to recommend a new independent director to the Board before the end of January 2026 to replace Christian Milau, who resigned in September 2025; that appointee is also expected to chair the Audit & Risk Committee. On December 4, 2025 the company received a letter from the NYSE American stating the Audit Committee as currently constituted is non-compliant with NYSE American rules, with 180 days from the letter date to cure.
CorporateNorthern Dynasty: NMA, AEMA, AMA and the U.S. Chamber of Commerce File Court Documents Against the Illegal Obama/Biden Veto on One of the World’s Largest Undeveloped Copper Projects, located in the U.S.
The National Mining Association, American Exploration & Mining Association, Alaska Mining Association and U.S. Chamber of Commerce have filed amicus briefs in Alaska Federal Court supporting Northern Dynasty's Pebble Project against the EPA's Clean Water Act Section 404(c) veto. The briefs argue the EPA misread the term "unacceptable" in Section 404(c) and failed to consider the financial consequences of the veto, and ask the court to set it aside.
CorporateNorthern Dynasty: Timelines for Summary Judgement Case Updated to Reflect 43-day Federal Shutdown
Litigation in Alaska Federal Court over the EPA veto of the Pebble Project will resume following the 43-day federal government shutdown, with revised filing deadlines. The Department of Justice must now file its response brief by February 16, 2026, moved from January 2, 2026, and the plaintiffs must respond by April 15, 2026. Plaintiffs are the State of Alaska, Pebble Limited Partnership, Iliamna Natives Ltd. and Alaska Peninsula Corp., which have already filed opening briefs.
CorporateNorthern Dynasty: Fifth and Final Tranche of $12 million Royalty Investment Received
A $12 million payment has been received, representing the fifth and final tranche under the royalty agreement dated July 26, 2022, as amended, bringing the aggregate purchase price to $60 million. The payment was made ahead of the December 31, 2025 deadline, placing the maximum royalty rates in effect, so the royalty holder is entitled to 10% of payable gold production and 30% of payable silver production from the Pebble Project in Southwest Alaska.
FinancingNorthern Dynasty: Compelling Summary Judgement Legal Briefs Filed Demonstrating Why the Veto is Illegal and Should be Withdrawn Immediately
Summary judgement briefs were filed on October 3, 2025 in Alaska Federal Court by Northern Dynasty and its wholly owned Pebble Limited Partnership, along with the State of Alaska, Iliamna Natives Ltd. and Alaska Peninsula Corp., arguing that the EPA's Clean Water Act veto of the Pebble Project is illegal. The government has until January 2, 2026 to file a response brief, and has requested a stay citing the U.S. government shutdown that began October 1, 2025, which the Company opposes. Settlement discussions with the government are continuing.
CorporateNorthern Dynasty: Fourth Tranche of $12 million Royalty Investment Received, Update on Government Discussions and Court Filings
A $12 million fourth tranche payment was received under Northern Dynasty's royalty agreement dated July 26, 2022, as amended, bringing total investment to $48 million of a possible $60 million. The royalty investor may elect to complete the fifth and final $12 million tranche up to December 31, 2025; maximum royalty rates of 10% of payable gold and 30% of payable silver production are unchanged. The Company will join other plaintiffs in filing opening briefs by October 3, 2025, while continuing government discussions on withdrawing the EPA veto at the Pebble Project in Alaska.
FinancingNorthern Dynasty: Update on Veto Removal Negotiations and Order Setting Summary Judgement Timetable
Judge Gleason in the Alaska Federal District has granted a motion setting a summary judgement briefing schedule in the litigation over the EPA veto of the Pebble Project in Southwest Alaska, with plaintiffs (the State of Alaska, Pebble Limited Partnership and Iliamna Natives Ltd, et al.) to file opening briefs by October 3, 2025, the Department of Justice to respond by January 2, 2026, and plaintiffs' reply due February 27, 2026. The case against the U.S. Army Corps of Engineers remains stayed, and negotiations with government officials on withdrawal of the veto are continuing.
CorporateNorthern Dynasty: Motion for Summary Judgement Filed in Federal District Court in Alaska
A motion has been filed in Federal District Court in Alaska seeking a summary judgment briefing schedule in litigation challenging the lawfulness of the Biden administration's EPA veto affecting the Pebble Project in Southwest Alaska. Northern Dynasty and its wholly owned subsidiary Pebble Limited Partnership said discussions with the EPA have taken place but no settlement has been reached, and they view summary judgment as the quickest route to having the veto removed.
CorporateNorthern Dynasty: Update on Negotiations with EPA
Northern Dynasty Minerals and its wholly owned Pebble Limited Partnership are negotiating with the EPA to explore a potential settlement regarding the Pebble Project in Southwest Alaska. An EPA court filing dated July 3, 2025 states agency officials remain open to reconsideration and that discussions have addressed a potential further submission from PLP, with agreement on its scope expected within two weeks. The parties requested a 14-day extension of the abeyance, with a status report due July 17, 2025.
CorporateNorthern Dynasty Reports Annual General Meeting Results
All nine director nominees were elected at the 2025 Annual Meeting of Shareholders held June 19, 2025 in Vancouver, British Columbia, where 231,701,768 common shares were voted, representing 43% of outstanding shares as of the record date. Deloitte was appointed auditor with 99.03% votes for. Shareholders also approved the Amended and Restated Option Plan (69.60% for), the Amended and Restated Non-Employee Directors Deferred Share Unit Plan (92.58% for) and a three-year extension of the Shareholder Rights Plan (95.05% for).
CorporateNorthern Dynasty: Pebble Partnership Consents to EPA Request for Additional 20-day Abeyance to July 3, 2025
Northern Dynasty Minerals and its wholly owned subsidiary Pebble Limited Partnership have told the government they do not object to a motion from the EPA and U.S. Army Corps of Engineers to hold litigation in abeyance for a further 20 days, to July 3, 2025. This follows prior 90- and 30-day abeyances requested by the defendants. The litigation concerns the EPA's Clean Water Act Final Determination affecting the Pebble Project in Southwest Alaska.
CorporateNorthern Dynasty: Third Tranche of Amended Royalty Agreement Completed with Receipt of US$12 Million
A US$12 million third tranche payment has been received under Northern Dynasty's July 26, 2022 royalty agreement, bringing the Royalty Holder's total investment to $36 million of a possible $60 million. Completion of each tranche entitles the holder to an additional 2% of payable gold and 6% of payable silver production from the Pebble Project in Alaska. A second amendment extends the deadline for the remaining two tranches to September 30, 2025, with the fifth tranche available to December 31, 2025 if the fourth is completed on time.
FinancingNorthern Dynasty Reminds Shareholders of Upcoming Annual Meeting & Announces Amendment to Proposed Deferred Share Unit Plan
Northern Dynasty's annual general meeting will be held June 19, 2025 at 10:00 a.m. Pacific Time in Vancouver, with shareholders voting on the board, auditor, an amended Share Option Plan, re-approval of the amended Deferred Share Unit Plan and the Shareholder Rights Plan. A further DSU Plan amendment will be put to shareholders, restricting changes to limits of $100,000 per non-employee director in any twelve-month period in DSUs and $150,000 combined with other share compensation arrangements, without shareholder approval.
CorporateNorthern Dynasty: Pebble Partnership Consents to EPA’s Request for Additional 30-day Abeyance
Northern Dynasty Minerals and its wholly owned Pebble Limited Partnership have told the Court they do not object to a motion by the EPA and U.S. Army Corps of Engineers to hold the litigation in abeyance for a further 30 days, in addition to the 90-day abeyance the defendants requested on February 14, 2025. CEO Ron Thiessen cited the absence of a confirmed Assistant Attorney General for the Justice Department's Environment and Natural Resources Division.
CorporateNorthern Dynasty Makes Annual Filings
Audited financial statements, Management Discussion and Analysis, Annual Information Form and Annual Report on Form 40F for the year ended December 31, 2024 have been filed. The audited consolidated financial statements included in the Form 40F contain an audit report from the Company's independent registered public accounting firm with a going concern emphasis of matter, consistent with previous years. Disclosure is required under Section 610(b) of the NYSE American Company Guide and does not amend any prior filings.
CorporateNorthern Dynasty: President Trump Signs Executive Order to Increase America’s Mineral Production
Commentary was provided on the executive order issued by President Trump on March 20, 2025, titled "Immediate Measures to Increase America's Mineral Production," which directs Federal agencies to expedite approvals for domestic mineral production projects and cites minerals including copper and gold. Northern Dynasty noted its Pebble deposit in Alaska, held through its wholly owned Pebble Limited Partnership, contains copper, gold, molybdenum, silver and rhenium, and referenced the 2020 Final Environmental Impact Study on potential economic benefits.
NewsNorthern Dynasty: Pebble Partnership Consents to EPA’s Request for 90-Day Abeyance for New Agency Leadership to Decide How to Proceed
Pebble Limited Partnership and Northern Dynasty informed the Court they do not object to a motion by the EPA and U.S. Army Corps of Engineers to hold the litigation in abeyance for 90 days, allowing new agency leadership to decide how to proceed. The Pebble Project comprises 1,840 mineral claims in Southwest Alaska, 200 miles from Anchorage and 125 miles from Bristol Bay, held through the wholly owned Pebble Limited Partnership.
CorporateNorthern Dynasty: Open Letter to Shareholders
An Open Letter to Shareholders has been issued, updating shareholders on recent events and what they could mean for the Pebble Project in the near to medium term. The full text is available on the Company's website. Northern Dynasty holds a 100% interest, through its subsidiary Pebble Limited Partnership, in 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, 200 miles from Anchorage and 125 miles from Bristol Bay.
Corporate
202411 releases
Northern Dynasty: Alaska Governor Asks Trump to Prioritize Alaska-Specific Executive Order to Simplify Permitting
Alaska Governor Mike Dunleavy has sent President-elect Donald Trump a report titled "Alaska Priorities for Federal Transition," along with a letter requesting a first-day Alaska-specific Executive Order reversing several Biden Administration resource extraction initiatives. Recommendations include simplifying Clean Water Act regulations consistent with the Supreme Court Sackett decision on Waters of the United States, requiring State approval for 404(c) vetoes under certain conditions, and changing compensatory mitigation requirements. Northern Dynasty and Pebble Limited Partnership stated agreement with the Governor's requests.
CorporateNorthern Dynasty: Josie Hickel Joins Board of Directors
Josie Hickel has joined Northern Dynasty Minerals' Board of Directors, as well as its Compensation and Sustainability Committees. Hickel was Senior Vice President, HR and Administration of the Pebble Limited Partnership from 2008-2014, served as President of the Chugach Regional Native Corporation, and is currently Owner, CEO and President of Sustainable Alaska Consulting Services. Northern Dynasty's principal asset is a 100% interest in 1,840 mineral claims in Southwest Alaska, including the Pebble deposit.
ManagementNorthern Dynasty: Alaska Court Grants Motion to Add USACE to Existing EPA Complaint
The U.S. Federal District Court in Alaska granted a motion to amend Northern Dynasty's existing complaint against the EPA to add the US Army Corps of Engineers as a defendant. The motion for leave to file the amended complaint, seeking to reverse the USACE decision denying the Pebble Project a permit, was filed on June 10, 2024. Pebble Limited Partnership, Northern Dynasty's wholly owned Alaska-based subsidiary, is the project proponent.
CorporateNorthern Dynasty: Second Tranche of Amended Royalty Agreement Completed with Receipt of US$10 Million
The remaining US$10 million royalty payment under the second tranche of the July 26, 2022 royalty agreement, as amended November 13, 2023, has been received, completing all six US$2 million installments totaling US$12 million on or before July 26, 2024. The Royalty Holder's entitlement now totals 4% of payable gold production and 12% of payable silver production from the Pebble Project in Alaska. Completion of the balance of the agreement, three remaining US$12 million tranches, is extended to July 26, 2025.
FinancingNorthern Dynasty: Two Alaska Native Village Corporations Sue to Stop EPA’s Pebble Project Veto
Two Alaska Native Village corporations, Iliamna Natives Limited and Alaska Peninsula Corporation, have filed suit against the Environmental Protection Agency, alleging it exceeded its authority in vetoing the Pebble Project in Southwest Alaska. Northern Dynasty holds a 100% interest in the project through its Alaska-based subsidiary Pebble Limited Partnership, comprising 1,840 mineral claims located 200 miles from Anchorage and 125 miles from Bristol Bay.
CorporateNorthern Dynasty: Files Motion to Modify its EPA Veto Complaint by Adding New Claims Against the US Army Corps of Engineers
A motion for leave to file an amended complaint was filed on June 7, 2024 in federal district court in Alaska by Northern Dynasty and its wholly owned Pebble Limited Partnership, adding the U.S. Army Corps of Engineers as a defendant to the action filed March 15, 2024 against the EPA over its veto of the Pebble Project. The amended complaint claims the USACE's November 25, 2020 permit denial was unlawful and that the Corps must complete the reconsideration ordered by the administrative appeal hearing officer, which it refused to do on April 15, 2024.
CorporateNorthern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto
The US Army Corps of Engineers has declined to engage in the remand process related to its November 25, 2020 denial of the permit application for the Pebble Project in Alaska, citing the EPA's veto of the development. A separate USACE division had remanded the denial to the Alaska District on April 25, 2023 after an administrative review found errors. Northern Dynasty filed an appeal of the EPA veto on March 15, 2024, and the State of Alaska filed its action on April 11, 2024.
CorporateNorthern Dynasty: State of Alaska Files Action Seeking to Vacate EPA’s Unlawful Veto
The State of Alaska filed an action in Federal District Court in Alaska on April 11, 2024 seeking to vacate the Environmental Protection Agency's veto of development at the Pebble Project. Northern Dynasty and its 100%-owned subsidiary Pebble Limited Partnership had previously announced their own federal court filings on March 15, 2024, seeking to vacate the EPA veto and a takings case.
CorporateNorthern Dynasty Files Two Separate Actions: Seeking to Vacate EPA’s Illegal Veto and a Takings Case
Two legal actions have been filed by Northern Dynasty and its wholly owned Pebble Limited Partnership challenging federal actions blocking a mine at the Pebble Project in Southwest Alaska. One action, in Federal District Court in Alaska, seeks to vacate the EPA's Clean Water Act Section 404(c) veto; the second, in the United States Court of Federal Claims in Washington, DC, claims the EPA's actions constitute an unconstitutional taking, with the company asking the court to defer it pending resolution of the veto case. The State of Alaska will file similar actions.
CorporateNorthern Dynasty: Comments on Recent Supreme Court Decision and Anticipated Next Steps
The U.S. Supreme Court declined to allow Alaska to bypass the usual court review process in its effort to overturn the EPA's veto of the Pebble Project lands in Southwest Alaska, a decision the Company describes as purely procedural. Northern Dynasty says the next step is a filing in federal district court, expected in the coming weeks, arguing the veto is illegal and arbitrary and capricious. Alaska Governor Mike Dunleavy said the state will continue to fight the prohibition covering the 309-square-mile area around the deposit.
CorporateNorthern Dynasty: Pebble Responds to US Supreme Court Decision to Deny Alaska’s Petition
The US Supreme Court has denied the State of Alaska's petition to review its claims that the EPA's veto of the Pebble Project was illegal. Pebble Limited Partnership CEO John Shively said the legal issues raised by the state will now work their way through the federal courts, and that the company will evaluate its legal options in contesting the EPA's actions. Pebble is Northern Dynasty's 100%-owned project in Southwest Alaska.
Corporate
202322 releases
Northern Dynasty Closes US$15 million Convertible Notes Offering and CAD$3.4 million Private Placement
Convertible notes with an aggregate principal amount of US$15,000,000 have been purchased by Kopernik Global Investors, LLC on behalf of its clients, closing the previously announced offering. Northern Dynasty also closed a non-brokered private placement of 8,555,000 units at CAD$0.40 per unit for gross proceeds of CAD$3,422,000. Proceeds will be used to advance the Pebble Project in Southwest Alaska, and both the notes and units are subject to resale restrictions in Canada and the United States.
FinancingNorthern Dynasty Announces US$15 million Convertible Notes Offering and Up To CAD$3.4 million Private Placement
A definitive agreement was signed with Kopernik Global Investors, LLC for US$15,000,000 aggregate principal amount of convertible notes, carrying a 10-year term, 2.0% annual interest payable semi-annually from June 30, 2024, and a conversion price of US$0.3557 per share, a 10% premium to the 5-day VWAP on NYSE American. A separate non-brokered private placement of up to 8,500,000 units at CAD$0.40, each with a two-year CAD$0.45 warrant, would raise up to CAD$3,400,000. Proceeds will fund Pebble Project permitting in Alaska and general corporate purposes.
FinancingNorthern Dynasty: U.S. Army Corps Further Extends the Deadline to Comment on Future Plans
The U.S. Army Corps of Engineers' Alaska District has received a sixth extension of the deadline to communicate how it will proceed with its reconsideration of the administrative record after remand for the Pebble Project in Southwest Alaska. The Division Commander approved the extension until the Supreme Court acts on the State of Alaska's bill of complaint challenging the EPA's exercise of Clean Water Act Section 404(c) authority. Prior deadlines had been extended to June 9, June 23, June 29, July 28, September 26 and November 27, 2023.
CorporateNorthern Dynasty Issues Correction
Statements made by CEO Ron Thiessen in a Crux Investor interview dated September 19, 2023, regarding the level of engineering conducted on the Pebble Project in Alaska have been retracted as potentially misleading, as they may have suggested a higher level of study than defined by the September 18, 2023 Preliminary Economic Assessment Technical Report. Investors should not rely on those statements. The Technical Report uses inferred mineral resources considered too geologically speculative to be categorized as mineral reserves.
NewsNorthern Dynasty Receives Initial Advance under Second Tranche of Amended Royalty Agreement
An initial $2 million royalty investment has been received under the second tranche of Northern Dynasty's July 26, 2022 royalty agreement, which has been amended to let the royalty holder fund the $12 million second tranche in six equal $2 million installments, each carrying about 0.33% of payable gold and 1% of payable silver production from the Pebble Project in Alaska. If all six installments are completed by July 26, 2024, the agreement's expiration extends to July 26, 2025. The aggregate $60 million purchase price and maximum royalty rates are unchanged.
FinancingNorthern Dynasty: Timeline Updates for U.S. Army Corps to Comment on Future Plans and U.S. Supreme Court Review of Alaska Case
The Alaska District of the U.S. Army Corps of Engineers has received a fifth extension, of 60 days, to communicate how it will proceed with its reconsideration of the administrative record after remand, moving the deadline to November 27, 2023. Prior deadlines were June 9, June 23, June 29, July 28 and September 26, 2023. Separately, the U.S. Government has asked the U.S. Supreme Court to extend its brief filing deadline in the State of Alaska's action opposing the EPA's Final Determination until early November, with a decision on whether the court will hear the case now anticipated by year end.
CorporateNorthern Dynasty: CEO Provides Open Letter on Recent Events
A September 2023 CEO Open Letter to Shareholders has been published, providing additional information and context on recent events, developments and initiatives related to the Pebble Project. The full text is available on the Company's website. Northern Dynasty holds a 100% interest in 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, through its subsidiary Pebble Limited Partnership.
NewsNorthern Dynasty: Re-filing of Independent Technical Report Update and Preliminary Economic Assessment to Correct Typographical Errors and Formatting
An amended independent technical report, Pebble Project, NI 43-101 Technical Report Update and Preliminary Economic Assessment, Alaska, United States of America, with an effective date of August 21, 2023, has been re-filed on www.sedarplus.ca. The amended version corrects typographical and formatting errors, resulting in the correction and/or replacement of certain figures and tables. The report is also available on the Company's website homepage.
Study resultsNorthern Dynasty: Independent Technical Report Update and Preliminary Economic Assessment Filed
An independent NI 43-101 technical report, Pebble Project, NI 43-101 Technical Report Update and Preliminary Economic Assessment, Alaska, United States of America, with an effective date of August 21, 2023, has been filed on sedarplus.ca. The filing follows Northern Dynasty's September 5, 2023 news release. The report is also available on the Company's website homepage.
Study resultsIndependent Preliminary Economic Assessment for Northern Dynasty’s Pebble Project Completed: positive projected financial results, excellent optionality and important benefits for Alaska
An independent NI 43-101 preliminary economic assessment for the Pebble Project in Southwest Alaska, effective August 21, 2023, outlines a 20-year, 180,000 tons per day open pit operation processing 1.3 billion tons at a 0.12:1 strip ratio, with life-of-mine production of 6.4 billion lb copper, 7.4 million oz gold, 300 million lb molybdenum, 37 million oz silver and 200,000 kg rhenium. Initial capital is estimated at $6.77 billion, with a post-tax NPV at 7% of US$2,233 million, 16.2% IRR and 4.6-year payback, using $3.90/lb copper and $1,700/oz gold.
Study resultsNorthern Dynasty: U.S. Army Corps Has Further Extended Deadline to Comment on Future Plans to September 26, 2023
The U.S. Army Corps of Engineers' Alaska District has received a fourth extension, of 60 days, to communicate how it plans to proceed with its reconsideration of the administrative record after remand for the Pebble Project in Southwest Alaska, moving the deadline to September 26, 2023. The original deadline expired June 9, 2023, with prior extensions to June 23, June 29 and July 28, 2023. Pebble Limited Partnership is Northern Dynasty's 100%-owned U.S. subsidiary.
CorporateNorthern Dynasty: Alaska takes EPA to the Supreme Court over Veto
The State of Alaska filed a Motion for Leave to File a Bill of Complaint in the U.S. Supreme Court on July 26, 2023, challenging the EPA's veto of the Pebble Project, which withdraws 309 square miles in the Bristol Bay region from mining use. The complaint alleges breach of the Cook Inlet Land Exchange contract, violation of the Administrative Procedure Act, and an unconstitutional taking, seeking injunctive relief and monetary damages. The Court could decide as early as October whether to hear the case. Northern Dynasty intends to file supporting briefs.
CorporateNorthern Dynasty Reports Annual General Meeting Results and Army Corps Extension of Deadline to Comment on Plans to July 28, 2023
All eight director nominees were elected at the 2023 Annual General Meeting held June 30, 2023 in Vancouver, with 206,154,294 common shares voted, representing 39% of votes attached to outstanding shares as of the record date; Deloitte LLP was re-appointed auditor. Separately, the Alaska District of the U.S. Army Corps of Engineers requested and received a third extension, to July 28, 2023, of the deadline to communicate how it will proceed with reconsideration of the administrative record after remand.
CorporateNorthern Dynasty Reminds Shareholders of Voting Deadline for the Upcoming Annual General Meeting of Shareholders
The proxy voting deadline for Northern Dynasty's Annual General Meeting is 10:00 am PDT on Wednesday, June 28, 2023, ahead of the meeting scheduled for June 30, 2023 at 10:00 a.m. local time at the Fairmont Hotel Vancouver. Shareholders will be asked to elect the board of directors and appoint the auditors for the ensuing year, and the Board recommends voting in favour of all proposed items.
CorporateNorthern Dynasty: U.S. Army Corps Have Extended Deadline to Comment on Future Plans to June 23, 2023
The U.S. Army Corps of Engineers' Alaska District has received an extension to June 23, 2023 to notify parties how it plans to proceed with its reconsideration of the administrative record after remand for the Pebble Project in Southwest Alaska. The original 45-day deadline, set by the USACE Pacific Ocean Division following the appeal decision and the EPA's Final Determination, expired June 9, 2023. Pebble Limited Partnership is Northern Dynasty's 100%-owned U.S. subsidiary.
CorporateNorthern Dynasty Files Amended Technical Report
An amended NI 43-101 technical report for the Pebble Project, with an effective date of May 19, 2023, has been filed to address comments from the BC Securities Commission on the report filed March 31, 2023. Changes include removal of contained metal from the resource estimate table, additional disclosure on cutoff grade, clarified exploration information and drill sections, removal of Project Description information, and added qualified person certificates and consents. Mineral resource estimates remain unchanged.
Study resultsNorthern Dynasty: U.S. Army Corps remand highlights serious flaws in the permitting decision
The U.S. Army Corps of Engineers Pacific Ocean Division remanded the Pebble Project permit decision back to the Alaska District on April 25, 2023. The Review Officer found the District did not follow proper process on the comprehensive mitigation plan and the Public Interest Review, and said a new PIR and 404(b)(1) analysis may be required if a mitigation plan is deemed acceptable. The District must notify the parties how it plans to proceed within 45 days.
CorporateNorthern Dynasty: U.S. Army Corps Sends Pebble Permit Application Back to Alaska Office for More Work
The U.S. Army Corps of Engineers Pacific Ocean Division did not sustain the Alaska District's permit denial for the Pebble Project in Southwest Alaska, accepting Pebble Limited Partnership's position that the process for the final Record of Decision was not properly followed, and remanded the matter back to the Alaska District to re-evaluate specific issues. The appeal was filed over two years ago. PLP CEO John Shively said a current focus is next steps regarding the EPA's preemptive veto of the project.
CorporateNorthern Dynasty: Isabel Satra Joins Board of Directors
Isabel Satra has joined Northern Dynasty Minerals' Board of Directors. Satra has over 20 years in investment management, most recently as Principal and CFO of Kopernik Global Investors, where she is a Co-Portfolio Manager and Equity Analyst; Kopernik is a significant shareholder of Northern Dynasty. Her appointment follows the recently announced appointment of Siri Genik. The Company's principal asset is the Pebble Project in Southwest Alaska.
ManagementNorthern Dynasty: Siri C. Genik Joins Board of Directors
Siri C. Genik has joined Northern Dynasty Minerals' Board of Directors. Genik, a lawyer with over 25 years in the natural resources and infrastructure industries specializing in sustainability and ESG, stakeholder engagement and governance, is Principal and Founder of BRIDGE© and previously served as Head of Project Services at BHP Canada and worked with Glencore (Xstrata) in Australia, Malaysia and New Caledonia. Northern Dynasty's principal asset is the Pebble Project in Southwest Alaska.
ManagementNorthern Dynasty: State of Alaska leaders and industry groups fight back against unwarranted and unprecedented EPA action
The State of Alaska and several Alaska industry groups issued press releases and statements on January 31, 2023 objecting to the EPA's veto of mining on the land where the Pebble Project is located in Southwest Alaska. Alaska Attorney General Treg Taylor stated the State intends to challenge EPA's decision in court. The Resource Development Council said the decision withdraws more than 300 square miles of state-owned land from future development.
CorporateNorthern Dynasty: The EPA action is unlawful, unprecedented and hurts Alaska
The U.S. Environmental Protection Agency issued a Final Determination on the Pebble Project in Southwest Alaska, consistent with its Proposed Determination of early December 2022. Pebble Limited Partnership CEO John Shively said the action is unlawful and unprecedented, precludes development on over 300 square miles of Alaska land, and violates Alaska's Statehood Compact and the no-more clause of ANILCA. Northern Dynasty said it will consult legal advisors and likely take legal action against the decision.
Corporate