Welcome to our dedicated page for Northern Dynasty Minerals, Ltd. news (Ticker: NAK), a resource for investors and traders seeking the latest updates and insights on Northern Dynasty Minerals, Ltd. stock.
Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) is a Canadian mineral exploration and development company headquartered in Vancouver, BC. The company's primary asset is the Pebble Project, located in Southwest Alaska. This significant endeavor focuses on developing a vast deposit rich in copper, gold, molybdenum, and silver into a modern mining operation.
The Pebble Project aims to harness these valuable mineral resources, located approximately 200 miles from Anchorage and 125 miles from Bristol Bay, through its wholly-owned Alaska-based subsidiary, the Pebble Limited Partnership (PLP). This project holds 1,840 mineral claims and represents a major opportunity for economic growth, job creation, and securing critical minerals essential for technological advancements and national security.
Northern Dynasty has recently faced legal and regulatory challenges, including an EPA veto and the subsequent denial of a permit application by the U.S. Army Corps of Engineers (USACE). Despite these setbacks, the company remains committed to overturning these decisions through extensive legal actions. The company argues that the EPA's veto and the USACE's denial were politically motivated and contrary to the scientific findings of the Final Environmental Impact Statement (FEIS).
In financial news, Northern Dynasty recently closed a convertible notes offering, raising an aggregate principal amount of US$15,000,000, and a non-brokered private placement, garnering CAD$3,422,000. These funds are earmarked for advancing the Pebble Project responsibly.
For more detailed and up-to-date information, investors can visit the company's website or review public filings available on SEDAR and SEC.
Northern Dynasty Minerals Ltd. (NYSE American: NAK) has submitted a Request for Appeal challenging the US Army Corps of Engineers' (USACE) permitting decision regarding Alaska's Pebble Project. The company asserts that the USACE's economic impact analysis underestimates the project's benefits to local communities while overstating speculative harms. The appeal, accepted by USACE, is expected to take longer than the suggested 90 days due to the complexity of the issues. The Pebble Partnership believes the project will provide significant socioeconomic advantages, including job creation and increased government revenue.
Northern Dynasty Minerals Ltd. (NYSE American: NAK, TSX: NDM) announced that Ron Thiessen, President and CEO, will participate in the Q1 Virtual Investor Summit from March 23-25, 2021. Thiessen's presentation is scheduled for March 25 at 11:30 AM ET. This event connects smallcap and microcap companies with qualified investors, featuring 100 companies and over 300 investors. Northern Dynasty's primary asset is the Pebble Project in Alaska, a significant mineral resource initiative. For investor registration, visit www.investorsummitgroup.com.
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.
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