Northern Dyn Stock Price, News & Analysis

Northern Dynasty Minerals Ltd. announced that the recent 8.1 magnitude earthquake in Alaska had minimal impact on its Pebble Project. The company’s assessments indicated ground movement at the site was 20-30 times less than the seismic events considered for tailings facility stability. President & CEO Ron Thiessen emphasized that their facilities are designed to withstand extreme seismic events, including a 9.2 magnitude earthquake from 1964. The Pebble Project is pivotal for mineral development in Alaska, with ongoing evaluations as part of the state permitting process.

Northern Dynasty Minerals Ltd. (NYSE American: NAK) held its 2021 Annual General Meeting on June 30, 2021, in Vancouver, where 211,163,589 common shares were voted, representing 41.17% of outstanding shares. All proposed items, including the election of directors, received shareholder approval. Notably, Steven Decker and Ronald Thiessen received 97.60% and 97.94% support, respectively. Northern Dynasty is focused on the Pebble Project, a significant mineral development initiative in Alaska.

Northern Dynasty Minerals Ltd. has announced an At-the-Market Offering Agreement dated June 21, 2021, allowing the sale of common shares worth up to US$14.5 million through H.C. Wainwright & Co. Sales will occur on the NYSE American and other markets, with proceeds intended for various purposes including appeal processes, project evaluations, and corporate maintenance. The agreement has received conditional approval from the TSX. Relevant prospectus supplements are available on SEDAR and SEC websites.

Northern Dynasty Minerals Ltd. announced that the US Court of Appeals for the Ninth Circuit mandated a federal district court in Alaska to hear the lawsuit regarding the Pebble Project's EPA regulatory decision. This ruling reverses a previous dismissal and requires examination of whether the EPA's withdrawal of its Proposed Determination was lawful. CEO Ron Thiessen expressed confidence that the federal government would prevail in the upcoming court proceedings, emphasizing that the Ninth Circuit's decision does not strengthen the plaintiffs' case.

Northern Dynasty Minerals Ltd. announced plans for a 2021 summer field program at its Pebble Project in Alaska, focusing on environmental management, sustainability, and regulatory compliance. The program will involve baseline studies, maintenance activities, and preparation for ongoing engineering studies. The company emphasizes the Pebble deposit's significance as a critical copper resource amid global shortages. Local contracting and employment will be prioritized. While appealing a negative federal decision, the company aims to enhance its asset value and ensure compliance with state regulations.

Northern Dynasty Minerals Ltd. reports that the US Army Corps of Engineers (USACE) has finalized the administrative record for the Pebble Project appeal. This record will support a thorough review of the negative Record of Decision issued last fall. The company’s subsidiary is evaluating the record for its relevance to the permitting decision. Despite concerns about the review timeline, Northern Dynasty remains optimistic about addressing political interference and is committed to securing a fair permitting decision for the economically significant Pebble Project, vital for the U.S. copper supply.

Northern Dynasty Minerals Ltd. (NAK) highlights the anticipated surge in domestic copper demand due to the U.S. government's clean energy initiatives. The company asserts that achieving President Biden's goals for renewable energy, including a 30,000 MW offshore wind capacity by 2030, will necessitate substantial copper resources. Current U.S. copper imports exceed 35%, and projections suggest that by 2035, the country could require up to 15 million tonnes of refined copper to meet clean energy goals, signaling a critical need for domestic mining development.

Northern Dynasty Minerals Ltd. (NYSE American: NAK) has communicated with the new EPA Administrator, Michael Regan, regarding the Pebble Project in Alaska. The Pebble Partnership urges for a fair NEPA review process. Previously, the US Army Corps of Engineers published a Final EIS concluding that the project wouldn't harm regional water or fish populations. However, a negative Record of Decision was issued in November 2020, prompting the Partnership to appeal. The company emphasizes the project's potential economic benefits to the Bristol Bay region and the importance of fair due process in the permitting process.