Oleblue
1 month ago
Northern Dynasty: Pebble Partnership Consents to EPA’s Request for Additional 30-day Abeyance
May 14, 2025
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May 14, 2025 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership (“Pebble Partnership” or “PLP”) have informed the Court that they do not object to a motion from the Environmental Protection Agency (“EPA”) and U.S. Army Corps of Engineers (“USACE”) (collectively, the “defendants”) to hold the litigation in abeyance for a further 30 days. This is in addition to the 90-day abeyance that was requested by the defendants on February 14, 2025, to give the the new administration time to familiarize themselves with the issues presented in this case and to decide how they wish to proceed.
“We have not objected to the request for this additional and shorter abeyance because there still is not a confirmed Assistant Attorney General for the Environment and Natural Resources Division of the Justice Department in place. This is an important position in any negotiation between a project proponent and a regulator, and for a process that could, hopefully, remove the veto and re-start the permitting process,” said Ron Thiessen, Northern Dynasty President and CEO.
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. Public filings, which include forward looking information cautionary language and risk factor disclosure regarding the Company and the Pebble Project can be found 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 document 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 document, other than statements of historical facts, which address permitting and the development and production for the Pebble Project are forward-looking statements. These include statements regarding (i) the development plan for the Pebble Project (ii) the right-sizing and de-risking of the Pebble Project, (iii) the design and operating parameters for the Pebble Project development plan, including projected capital and operating costs, (iv) the social integration of the Pebble Project into the Bristol Bay region and benefits for Alaska, (v) the political and public support for the permitting process, (vi) the ability of the Pebble Project to ultimately secure all required federal and state permits, (vii) the ability of the Company and/or the State of Alaska to challenge the Environmental Protection Agency’s (“EPA’s”) Final Determination process under the Clean Water Act and ultimately the U.S. Army Corps of Engineers Record of Decision (“USACE ROD”) through legal actions; (viii) exploration potential of the Pebble Project, (ix) future demand for copper, gold and other metals, (x) if permitting is ultimately secured, the ability to demonstrate the Pebble Project is ultimately commercially viable, and (xi) the potential addition of partners in the Pebble Project. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government permits or regarding the ability of NDM to develop the Pebble Project in light of the USACE ROD and its subsequent remand decision and the EPA’s Final Determination, establish the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble Project.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by NDM as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Assumptions used by NDM to develop forward-looking statements include the assumptions that (i) the Pebble Project will obtain all required environmental and other permits and all land use and other licenses without undue delay, (ii) any feasibility studies prepared for the development of the Pebble Project will be positive, (iii) NDM’s estimates of mineral resources will not change, and NDM will be successful in converting mineral resources to mineral reserves, (iv) NDM will be able to establish the commercial feasibility of the Pebble Project, and (v) NDM will be successful in its legal action against the EPA and the USACE and any action taken by the EPA in connection with the Final Determination will ultimately not be successful in restricting or prohibiting development of the Pebble Project.
The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including (i) the current development plan may not reflect the ultimate mine plan for the Pebble Project, (ii) obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to third party opposition or changes in government policies, (iii) finalization of the mine plan for the Pebble Project, (iv) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically mined, (v) completion of all necessary engineering for mining and processing facilities, (vi) the ability of NDM to secure a partner for the development of the Pebble Project, and (vi) receipt by NDM of significant additional financing to fund these objectives as well as funding mine construction. 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, 2024, as filed on SEDAR+ (www.sedarplus.ca) and included in its annual report on Form 40-F filed on EDGAR (www.sec.gov), as well as the risk factors set out in the Company’s subsequent public continuous disclosure filings available on SEDAR+ and EDGAR. 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.
The National Environment Policy Act Environmental Impact Statement process requires a comprehensive “alternatives assessment” be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated infrastructure may vary significantly from that currently contemplated. As a result, the Company will continue to consider various development options and no final project design has been selected at this time.
https://northerndynastyminerals.com/news/news-releases/2025/northern-dynasty-pebble-partnership-consents-to-epas-request-for-additional-30-day-abeyance/
sherman106
2 months ago
The Trump administration is using emergency powers to speed up environmental reviews for oil, gas and mining projects.
The goal is to cut approval times from years to just 28 days maximum. The plan, announced Wednesday, focuses on oil, gas, coal, uranium projects, critical minerals like lithium and copper as well as geothermal and hydropower ventures. (Wind and solar projects are excluded.)
Companies can now submit a standardized form to request emergency processing. The Department of the Interior will use alternative compliance methods and expedited consultations to meet aggressive timelines.
Interior Secretary Doug Burgum says the move is vital: “The United States cannot afford to wait. We are cutting through unnecessary delays to fast-track the development of American energy and critical minerals — resources that are essential to our economy, our military readiness and our global competitiveness.”
The new rules will…
Cut environmental assessments from about a year to two weeks
Shorten environmental impact statements from years to less than a month
Reduce public comment periods for some projects.
The policy uses emergency provisions in laws including the National Environmental Policy Act and the Endangered Species Act. The administration’s ability to defend its emergency rationale in court will likely determine the policy’s longevity.
Mining groups are praising the initiative. Rich Nolan of the National Mining Association emphasizes China’s dominance in critical minerals, noting that U.S. mine development is among the slowest in the world — a timeline the new 28-day policy aims to disrupt.
sherman106
2 months ago
Northern Dynasty Minerals Soars: Is Now the Time to Delight?
Tim BohenAvatar
Written by Tim Bohen
Reviewed by Ben Sturgill
Fact-checked by Ellis Hobbs
In this article
NAK+4.63%
Northern Dynasty Minerals Ltd. stocks have been trading up by 8.25 percent due to promising mining developments.
Key Developments Shaping the Stock
Amid rising demand for domestic minerals, the recent executive order by President Trump provides fresh opportunities for Northern Dynasty Minerals with their Pebble Project.
Stock prices for Northern Dynasty Minerals have surged significantly following favorable news from the executive order supporting US mining operations.
The Pebble Mine project in Alaska is now under a brighter spotlight due to new opportunities stemming from policy changes.
Candlestick Chart
Live Update At 13:03:43 EST: On Tuesday, April 15, 2025 Northern Dynasty Minerals Ltd. stock [NYSE American: NAK] is trending up by 8.25%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.
Earnings Overview and Financial Health
The financial journey of Northern Dynasty Minerals Ltd. (NAK) offers a mix of challenges and hopes. At the heart of the company’s operations lies the Pebble Mine project — a giant undertaking requiring significant resources. The latest executive order aligns well with their strategic direction, potentially offering a boost. As traders closely watch the company’s movements, it is crucial to remember the importance of risk management. As Tim Bohen, lead trainer with StocksToTrade says, “For me, trading is more about managing risk than finding the next big mover.” Currently, the company is yet to generate revenue from the project, reflected in their financial reports with losses amounting to $22.55M for the past year. It’s a steep hill to climb, with financial voltages such as operating expenses crossing the $5M mark.
Profitability ratios are in the red, with e.g., a tall price-to-earnings ratio suggests strong anticipation or speculation over future success. As of now, investors cling to hopes based more on strategic alignments and less on tangible profits. The company holds about $137M in assets, which provides some line of defense against setbacks. However, with liabilities shadowing toward $40M, the equilibrium is delicate.
A revisit to financial strengths reveals limited long-term debts, an aspect providing breathing room. Yet, the current ratio stands at 0.5, projecting some near-term liquidity risks. It aligns with some long nights for the management tackling cash flow hurdles. An insight into management effectiveness metrics, like returns on assets and equity, portrays challenges with negative returns hinting at ongoing operational struggles.
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These financial underpinnings, tied closely with market sentiment and regulatory shifts, shape the stock’s progression. A specter of risk embeds itself within every decision investors make. Still, the echoes of such executive orders tug closer for those who see Pebble Project’s transformative potential for the company’s future.
Analyzing Potential Market Impact of the Executive Order
This strategic pivot is more than just a news headline for the northern miners in Alaska. Pretend for a moment, standing beside the rugged terrains of Pebble Mine, with the vision of a tech-integrated, environmentally-conscious mining future ahead. Through his executive order, President Trump has pulled back the curtain on an enriched domestic mining era. This is not just paperwork; it’s a chance for Northern Dynasty Minerals to leap from constraint to opportunity.
In the context of investors dawdling over NAK stocks, the words of speculation strengthened with this order. The surge is not merely a number but a hopeful stride toward further acceptance and capitalization on the vast Alaskan resources. Like many shifts in economic policies, the ripple effects could emulate the strategic rise of production lines, attracting new collaborators who echo for expansion.
In the realms of finance rivers, the tricky current is the need to manage lobbying, environmental concerns, and long-term profitability integration. Think of Pebble Mine as both the ember and flame lighting the path for Northern Dynasty Milestones. But remember, the alluring gains may not arrive right away. Flags have surged, but the effectiveness of these regulatory blessings hangs in the balance of time and perseverance.
Scotttrader80
2 months ago
The Pebble Mine is a proposed massive open-pit gold and copper mine in Bristol Bay, Alaska, at the headwaters of the largest wild sockeye salmon ecosystem on Earth. It's owned by Northern Dynasty Minerals, a financially struggling company. The project has faced significant opposition due to its potential environmental impact on the Bristol Bay fishery. Major mining companies, including Mitsubishi Corporation, Anglo American, Rio Tinto, and First Quantum Minerals, have all abandoned the project. The Pebble Mine has been a major concern for the U.S. Senate Committee on Commerce, Science, and Transportation. The project was also a concern for the last three U.S. Administrations, which denied permits or vetoed the project.
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