VANCOUVER, Feb. 14, 2017 /CNW/ - Northern Dynasty Minerals
Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the
"Company") has been made aware of a short and distort
campaign by Kerrisdale Capital which has recently published a
negative opinion piece the central theme of which is that Northern
Dynasty's massive copper/gold project in Alaska is uneconomic. Northern Dynasty will be
responding with a preliminary rebuttal which will appear on
its website by the end of the week. The rebuttal will expose the
many inaccuracies and outright misstatements in the Kerrisdale
report. Northern Dynasty's Pebble Project is indisputably one of
the world's largest undeveloped copper/gold deposits with a
potential mine life which is measured in decades. Kerrisdale cites
no technical or scientific studies whatsoever and relies on many
unnamed persons who were purported to have been involved with the
project several years ago. Investors should not rely on the
Kerrisdale report and should await the Company's detailed response
now in progress.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development
company based in Vancouver,
Canada. Northern Dynasty's principal asset is the Pebble
Project in southwest Alaska, USA,
an initiative to develop one of the world's most important mineral
resources.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other
Cautionary Factors
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation, and
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively referred to as "forward-looking information"). The
use of any of the words "expect", "plan", "update" and similar
expressions are intended to identify forward-looking information or
statements. These statements include expectations about the
nature of the Kerrisdale rebuttal, the size, nature and/or
economics of the Pebble Project, the success of the Company's
multi-dimensional strategy to address the pre-emptive action of the
EPA, the ability of the Company to proceed with permit applications
for the development of the Pebble Project and the ability of the
Company to obtain the necessary federal and state permits for the
development of the Pebble Project. Though the Company believes the
expectations expressed in its forward-looking statements are based
on reasonable assumptions, such statements are subject to future
events and third party discretion such as regulatory approval. For
more information on the Company, and the risks and uncertainties
connected with its business, Investors should review the Company's
home jurisdiction filings at www.sedar.com and its filings with the
United States Securities and Exchange Commission at
www.sec.gov.
SOURCE Northern Dynasty Minerals Ltd.