Oleblue
2 weeks ago
Northern Dynasty Minerals: State of Alaska Files Action Seeking to Vacate EPAβs 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
usaphilippines
1 month ago
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.
Joe Kaplan
1 month ago
Action Seeks to overturn EPAβs illegal veto 03.15.24 NEWS
One action, in Federal District Court in Alaska, seeks to vacate the Environmental Protection Agencyβs (βEPAβ) 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 Alaskaβs statehood rights and a land exchange approved by Congress; it was based on an overly broad legal interpretation of EPAβs 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 (βUSACEβ), 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).
judge dread
2 months ago
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"
Zilidium
2 months ago
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.
🍀
Joe Kaplan
3 months ago
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.