Northern Dynasty Minerals, Ltd. - NAK STOCK NEWS

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) has announced the appointment of Josie Hickel to its Board of Directors, where she will serve on the Compensation and Sustainability Committees. Hickel brings over 25 years of executive leadership experience in Alaska, including roles in commercial enterprises and the Chugach Regional Native She previously served as Senior Vice President of HR and Administration at the Pebble Partnership from 2008-2014. Currently, she owns and operates Sustainable Alaska Consulting Services, focusing on development opportunities benefiting small communities and Alaska Native people.

The U.S. Federal District Court in Alaska has granted Northern Dynasty Minerals' motion to modify its existing complaint against the Environmental Protection Agency (EPA) by adding the US Army Corps of Engineers (USACE) as a defendant. This decision allows Northern Dynasty to challenge both the EPA's veto and USACE's permit denial for the Pebble Project in a single case. The company aims to reverse the USACE decision to deny the project a permit and expose what it believes were politically motivated actions by both agencies. Northern Dynasty's CEO, Ron Thiessen, stated that combining these cases is more efficient and will allow them to present critical evidence demonstrating the erroneous nature of the permit denial and subsequent EPA veto.

Northern Dynasty Minerals (TSX:NDM)(NYSE American:NAK) has received the remaining $10 million royalty payment under the second tranche of its amended Royalty Agreement. This completes the $12 million second tranche, with the first $2 million received upon execution of the Amendment in November 2023. The completion extends the balance of the Royalty Agreement until July 26, 2025.

The Royalty Holder now has the right to receive approximately 2% of payable gold production and 6% of payable silver production from the Pebble Project. The remaining three tranches of $12 million each are still available, potentially providing an additional $36 million investment. The total purchase price remains at $60 million, with maximum royalty rates of 10% for gold and 30% for silver production.

Northern Dynasty Minerals announced the results of its 2024 Annual General Meeting held on June 27, 2024. A total of 242,392,823 common shares were voted, representing 45.08% of all outstanding shares. All eight director nominees were elected, with Christian Milau receiving the highest approval at 97.05%. Deloitte was appointed as auditor with 87.12% approval.

The 2024 Share Option Plan was not approved, with 51.80% against the resolution. However, the 2024 Non-Employee Directors Deferred Share Unit Plan and the 2024 Restricted Share Unit Plan were approved with 77.85% and 77.93% votes in favor, respectively.

Non-votes were recorded on each resolution, largely due to discretionary votes given to brokers by US beneficial holders, which are not allowed under Canadian Securities Regulations.

Northern Dynasty Minerals reports that Iliamna Natives (INL) and Alaska Peninsula (APC), representing communities near the Pebble Project, have filed a lawsuit against the Environmental Protection Agency (EPA). The corporations allege that the EPA exceeded its authority in vetoing the Pebble Project.

John Shively, CEO of Pebble Partnership, highlighted the potential benefits of the Pebble Project, including job creation, economic activity, and reduced living costs for local communities. According to Shively, the EPA has disregarded local community views, leading to increased outmigration and higher living costs.

Ron Thiessen, President and CEO of Northern Dynasty, expressed support for the lawsuit, arguing that the EPA's veto deprives local communities of economic opportunities and a brighter future.

Northern Dynasty Minerals and its subsidiary Pebble Partnership have filed a motion to amend their existing complaint against the Environmental Protection Agency (EPA) to include the U.S. Army Corps of Engineers (USACE) as a defendant. The motion, filed in the federal district court in Alaska, seeks to reverse USACE's permit denial for the Pebble Project mine development, arguing the denial was politically motivated and not based on factual records, including the Final Environmental Impact Statement (FEIS). The amended complaint follows USACE's refusal to reconsider the permit denial despite an administrative appeal, emphasizing that both the EPA and USACE decisions were not supported by environmental analysis and should be overturned by the court.

Northern Dynasty Minerals announces the filing of its audited Financial Statements, Management Discussion and Analysis, Annual Information Form, and Annual Report on Form 40F for the year ending December 31, 2023. The audited consolidated financial statements included an audit report with a going concern emphasis of matter. The release of this information is required by Section 610(b) of the NYSE American Company Guide.

Northern Dynasty Minerals and its subsidiary, Pebble Partnership, have been informed by the US Army Corps of Engineers that they will not engage in the remand process related to the denial of a permit application for the Pebble Project due to the EPA's veto. The company is appealing the EPA veto in Federal District Court in Alaska, with the State of Alaska also taking action against the veto. The USACE decision not to engage in the remand process has strengthened the company's legal case against the EPA veto.

Northern Dynasty Minerals and its subsidiary Pebble Partnership are challenging the EPA's veto of a development project in Alaska. The State of Alaska has filed a lawsuit to vacate the EPA's decision, citing it as unlawful. Northern Dynasty previously filed two separate actions against the EPA, one to challenge the veto and another for a takings case.