Northern Dynasty Minerals Ltd (NAK) Quote

Northern Dynasty: Files Motion to Modify its EPA Veto Complaint by Adding New Claims Against the US Army Corps of Engineers

Northern Dynasty Minerals Ltd.
Mon, Jun 10, 2024, 6:45 AM EDT

VANCOUVER, BC / ACCESSWIRE / June 10, 2024 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") and 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") have filed a motion for leave to file an amended complaint in the federal district court in Alaska to reverse the U.S. Army Corps ("USACE") decision to deny the project a permit.

Ron Thiessen, President and CEO of Northern Dynasty, said "It is important to understand that this is not a new lawsuit. It is simply an amendment of the complaint we filed against the Environmental Protection Agency ("EPA") by adding the USACE as another defendant. We think this substantially strengthens the existing case by focusing directly on the permit denial which was an underlying reason for the EPA veto."

On March 15, 2024, Northern Dynasty and PLP filed an action in federal district court in Alaska seeking to overturn EPA's veto of the Pebble Project. On June 7, 2024, both parties filed a motion to add the USACE as a defendant to that case, and to amend the complaint to claim that the denial of the Pebble permit was unlawful as clearly set out in the USACE Remand Order. And the EPA preemptive veto is based on the fabrications of the permit denial, again, as highlighted in the Remand Order.

On November 25, 2020, the USACE denied the Pebble Partnership's permit application that would have allowed it to move forward with the proposed mine development project. PLP filed an administrative appeal of that denial. In April 2023, the matter was remanded to the Anchorage office of the USACE requiring that it reconsider the permit denial due to a number of significant errors in the original denial. On April 15, 2024, the USACE refused to reconsider the denial as ordered by the Administrative Appeal Hearing Officer ("the hearing officer"), stating it had done so because the project had been vetoed by EPA.

Mr. Thiessen said, "We believe the EPA veto and the USACE permit denial were both undertaken entirely for political reasons and are contrary to the factual record, especially USACE's own environmental analysis, the Final Environmental Impact Statement ("FEIS"), which only supports granting a permit and does not support issuing a veto. We believe both decisions will be reversed by the court, which relies on the factual record to make decisions."

The Pebble Partnership's amended complaint claims that the USACE must complete the reconsideration of its permit denial as ordered by the hearing officer. In addition, the complaint alleges that the permit denial was unlawful because it reached conclusions contrary to the those determined and described in detail in the FEIS, including that the project might damage the Bristol Bay fishery when USACE's scientific review set forth in the FEIS had found just the opposite, and that there was risk of a catastrophic failure of the tailings facility when the FEIS concluded the opposite.

Mr. Thiessen continued, "These are only two examples of more than a dozen conclusions that are contradicted by the record in this matter including, at its core, the FEIS and the environmental analysis that the government itself facilitated. In fact, the hearing officer remanded the permit denial to the Anchorage Office because of these exact errors. The real absurdity of the government's position is the closed loop, circular logic, where the EPA relies on fabrications of the USACE, which have been shown to be erroneous and unsubstantiated, while the veto action of the EPA is now being used as an excuse by the USACE not to go back and fix those factually unsupported assertions. We reiterate that these decisions were politically motivated. We look forward to the litigation putting the permitting process back on course."

Mr. Thiessen concluded, "The permitting process (primarily the Environmental Policy Act and related laws and regulations) is designed to help regulators make better decisions by removing politics and emotion, instead considering the findings of the extensive environmental studies and engineering work (science and facts) required in the process. When they choose to ignore these laws, regulations, studies and engineering works, we, as a mining industry, need to use the courts to right those wrongs. Although it is unfortunate that permitting in America too often requires litigation, that's what happens when the government agencies stop being unbiased regulators and instead act as advocates for special interest groups."

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1- 800-667-2114. Review public filings, which include forward looking information cautionary language and risk factor disclosure regarding the Company and the Pebble Project in Canada at www.sedarplus.ca and in the United States at www.sec.gov.

Ronald W. Thiessen
President & CEO

U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897

Forward Looking Information and other Cautionary Factors

This release includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this release, other than statements of historical facts, which address permitting, including the legal action described above, development and production for the Pebble Project are forward-looking statements. Such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government and environmental permits or regarding the ability of NDM to develop the Pebble Projects in light of the EPA's Final Determination and the USACE's actions described above.

NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. Investors should also consider the risk factors identified in the Company's Annual Information Form for the year ended December 31, 2023, as filed on SEDAR plus and included in the Company's annual report on Form 40-F filed by the Company with the SEC on EDGAR, and the Company's Management Discussion and Analysis for the year ended December 31, 2023 as filed on SEDAR plus and EDGAR, for a discussion of the risks that may impact our forward-looking statements.

For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedarplus.ca.

SOURCE: Northern Dynasty Minerals Ltd.

Northern Dynasty Minerals Corporate Presentation: VRIC 2024



Weekly Chart

Does Ron the con have no shame? his personal piggy bank right here folks.

I will load this POS at .20 as a lotto. Ron is a dilution artist CEO

Thiefson is out to protect his 30 year career bilking NAK investors as this mine remains CLOSED for Business. That clown draws a $50,000 a month paycheck while investors took it in the ass. LOTS of BAG holders with NAK since inception. This board is filled with them.

NEXT!

Attention BAG Holders;

Corps of Engineers upholds denial of permit for controversial Pebble mine in Alaska
BY: YERETH ROSEN - APRIL 17, 2024 6:37 PM

https://alaskabeacon.com/briefs/corps-of-engineers-upholds-denial-of-permit-for-controversial-pebble-mine-in-alaska/

Northern Dynasty Minerals: State of Alaska Files Action Seeking to Vacate EPA’s Unlawful Veto

Mr. Ronald Thiessen reports:

VANCOUVER, BC / ACCESSWIRE / April 15, 2024 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") and 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") note that on April 11, 2024 the State of Alaska ("the State") filed an action in Federal District Court in Alaska, seeking to vacate the Environmental Protection Agency's ("EPA") veto of a development at Pebble.

To read the State's announcement of its filing, see the following link: Press Release - State Files Against EPA in U.S. District Court, Calling Out Unlawful Order on State Land in Bristol Bay (alaska.gov)

Northern Dynasty and the Pebble Partnership announced their federal court filings in a press release on March 15, 2024, entitled "Northern Dynasty Files Two Separate Actions: Seeking to Vacate EPA's illegal veto and a Takings case." The release can be found at the following link: Click Here

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1- 800-667-2114. Review public filings, which include forward looking information cautionary language and risk factor disclosure regarding the Company and the Pebble Project in Canada at www.sedarplus.ca and in the United States at www.sec.gov.

Ronald W. Thiessen
President & CEO

U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897

Forward Looking Information and other Cautionary Factors

This release includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this release, other than statements of historical facts, which address permitting, including the legal actions described above, development and production for the Pebble Project are forward-looking statements. Such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government and environmental permits or regarding the ability of NDM to develop the Pebble Projects in light of the EPA's Final Determination.

NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. Investors should also consider the risk factors identified in the Company's Annual Information Form for the year ended December 31, 2023, as filed on SEDAR plus and included in the Company's annual report on Form 40-F filed by the Company with the SEC on EDGAR, and the Company's Management Discussion and Analysis for the year ended December 31, 2023 as filed on SEDAR plus and EDGAR, for a discussion of the risks that may impact our forward-looking statements.

For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedarplus.ca.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/987-tsx/ndm/159045-northern-dynasty-state-of-alaska-files-action-seeking-to-vacate-epa-s-unlawful-veto.html?utm_source=newsletter_1854&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y

They cant sell what the dont own,

NEXT!

NAK should sell their property to CHINA for $3 a share - China thinks 50 years ahead

Joe K.......... Nak has 6.4 BILLION LBs of COPPER

7.4 MILLION OZ of GOLD

300 MILLION LBS> OF MOLYBDENUM

37 XMILLION OZ. of SILVER

200,00 KG> OF RHENIUM. (A VERY RARE MINERAL))

Only a matter of time now to start digging with GOLD bucking $2,400.00 per oz........... Per OZ........................

I think NOW the FISH will have to find a NEW AREA to Spawn............

NAK is the elephant in the room when it comes to gold / silver / copper sites that are undeveloped.
https://stockcharts.com/h-sc/ui?s=NAK&p=D&b=5&g=0&id=p12546101316

Gold chart is skyrocketing and even today keeps on climbing up. NAK has tremendous potential.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&b=5&g=0&id=p90797131442

Gold / Silver Miners have started to breakout. chart 94
https://stockcharts.com/public/1107832/tenpp/9

Looking at the. NAK Pennant, Trading is breaking thru to the UPSIDE.......

https://stockcharts.com/sc3/ui/?s=NAK

Ken........ The PRICES of the RARE Minerals are going UP, UP, UP!!!!!!!! They will pave the way for this MINE to get UNDERWAY!!!!!!!!! I believe, it is only a matter of time now............ One of the largest potential mines in the WORLD.........

Uknowdamnright! Rare earth minerals are … rare. It will eventually be mined.

Your money invested in NAK is lost

In my opinion this project will eventually get built and in production. There is no doubt in my mind that there was a liberal or "greenie" bias that has worked against the Pebble project. Just as in all cases, that can be reversed to a bias the other way with an administrative change. Neither bias should happen, but I am a realist.
If the next election goes the way I think it will, a lot of biases will be reversed very quickly. JMHO

Looks as though there is a Pennant forming...... With ALL that Gold and Silver in the ground just waiting for exploration....... What a VALUE at this level with POG setting record prices.......

https://stockcharts.com/sc3/ui/?s=NAK

Precious Metals going to the moon.. on a fast track up. It will only help NAK in the short term
and the long run.

The "locals" are optimistic about the mine which is Illiamna, not "locals" that are 90+ miles away. Special interests flooding into the area to buy land to prevent access, yes thats true.

The actual locals (Illiamna) struggle with alcohol abuse, sexual assault, insanely high cost of living, and nearly no decent paying jobs because there is no industry.

Always amazes me they show these pristine waterways when the pebble site is mainly barren tundra.

What the environmentalists dont tell you is most of those "fishing jobs" are immigrant labor, and people from lower 48 with fishing permits and the money heads straight out of Alaska. Immigrant workers always hitch hiking in Dillingham every summer id go out there so they could get to Icicle. They have shipping container housing for immigrant workers in Dillingham, I am sure King Salmon/Naknek is the same, immigrant workers.

Anyone seeking to reverse Pedro Bays restriction on the access way to the Pebble? It doesnt matter what the EPA does, the locals are fighting this to the very last which translates in to Your money invested in NAK is lost

https://www.conservationfund.org/impact/press-releases/2782-critical-bristol-bay-habitat-protected-in-alaska

Action Seeks to overturn EPA’s illegal veto 03.15.24 NEWS

One action, in Federal District Court in Alaska, seeks to vacate the Environmental Protection Agency’s (“EPA”) veto of a development at Pebble. This is the main focus of our legal actions. We are confident that the court will vacate the EPA veto and allow permitting of the Pebble project to resume because, as we have previously stated, the veto violated the law and was arbitrary and capricious. The complaint in this action alleges, among many other points, the veto was issued in violation of various federal statutes regarding Alaska’s statehood rights and a land exchange approved by Congress; it was based on an overly broad legal interpretation of EPA’s jurisdiction which has since been over-ruled by the Supreme Court; its geographic scope exceeds that allowed by the statute; it was based on information previously developed by EPA in an illegal preemptive veto process that was designed to reach a predetermined result; and the factual basis stated to support the veto is directly contradicted by the July 2020 Environmental Impact Statement published by the United States Army Corps of Engineers (“USACE”), which is an important part of the administrative record. The EPA has not demonstrated that either the development of the Pebble deposit will have unacceptable adverse effects under Section 404(c), or that there are any impacts to Bristol Bay fisheries that would justify the extreme measures in the final determination (veto).

Not yet we aren't .. It will change ...

Nak chart looking strong focusing on Breaking thru the 50/200................. Is the Golden Cross going to be Punctured??????????????
Go Nak.............



https://stockcharts.com/sc3/ui/?s=NAK

Welcome to liberalism, that prefer to outsource our mineral extraction. Even in the case of smelting still makes no sense usa is not a world leader in mining

Can lazy no good Ron get me .20
/.21 so i can get in?

New filing. https://www.sec.gov/Archives/edgar/data/1164771/000165495424003184/ndm_ex991.htm

It's outrageous, egregious, preposterous!...definitely preposterous.

I spoke with my attorney Jackie Chiles. He informs me that not only is the EPA's veto, arbitrary & capricious, he went on to say it was flagrant, unruly, unnecessary & despicable. He had Doctor Bison on the phone as a medical reference as well. Another episode of Seinfeld ends, another begins... "That's GOLD Jerry"

Interesting why NAK is pumping, especially with no news and such a large float.

Nak Chart looks good..................

https://stockcharts.com/sc3/ui/?s=NAK

Because we’re not going down. Hahahahasnork. No idea at all. Maybe some rumors swirling around the court case.

Any reason were going up?

Volume traded, so far today, is 240% higher than the 10 day avg.
Somebody Accumulating???

.3472 Slowly marching upwards

.30s back on the menu boys.

Uknowdamnright!

Agreed! 👍

Yelp! Looking for one day to see that 274 square miles of mineral claims to be up and running. The world needs it & Alaska needs it. It will open some day. Just hope I’m around to see it.

Not checking other posts but note that pebble mine has begun its appeal in the AK 9th federal district court by filing on Feb 29. And I can see slight uptrend that speculators are likely aware.

Double the 10 avg volume … so far … ?!?!

You mean Pebble CEO Tom Colliers undercover video where he claims to have all of the Washington politicians in his back pocket, ya that went over with the Alaskan tribes like a fart in church sealing the fate of this pile of dirt.

Running in where others fear to tread can be a good strategy, however, in this case I would not be so sure. Pebble is facing some pretty epic hurdles and does not have a lot of support on the home field (Alaska residents by and large oppose the mine). This is the crushing blow from the EPA, and past vetoes by the EPA , made only three times in the last 30 years, suggest that Pebble has little hope of winning in court. Those high value share prices you mentioned never happend after the EPA's decision.


🍀

That was when the O/S wasnt 500+ million. Former Alaskan here and also former Miner that worked in Mining in Alaska, Pebble will be a huge economic benefit for Alaska. Sadly, it faces an endless uphill battle for permitting. Tom Collier sure as heck didnt help the situation.

Northern Dienasty mine has potential, yet they are unable to procure operating Permits, been that way for 30 years. Day trading this pig is the only way to make a few bucks, ask around the board, every one whose gotten involved has lost their asses, just ask

Scott ....thanks for your very often repeated opinion, but in only the last
20 years its been to 2, 3, 5, 10, and even over 20 dollars per share......

https://www.google.com/finance/quote/NAK:NYSEAMERICAN?window=MAX

so I don't mind loading a few bargain basement shares to keep in the closet for a few years and then
unload at some point in time. My guess is that it wll be at a much higher price, which will happen sooner or later and I think NAK is loaded with potential. Big potential.

This mines development has been dead in the water for 30 Years, there is no play here save your money, look elsewhere

I think it peaked at 64 cents and dropped back to 50 cents. Drilling is paused for a couple of weeks. I think they plan to drill multiple holes if the money holds up -some are historically promising. > 2000 feet to find a large porphyry. Not sure why Pete became CEO other than line of capital or help fund FBLG if LBSR pans out.

phenomenal potential....absolutely phenomenal potential Only needs development...
https://northerndynastyminerals.com/pebble-project/reserves-resources-1/

https://northerndynastyminerals.com/pebble-project/project-overview/

https://northerndynastyminerals.com/news/news-releases/2024/northern-dynasty-comments-on-recent-supreme-court-decision-and-anticipated-next-steps/