Northern Dynasty Minerals - NAK

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Munnybunny
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Northern Dynasty Minerals - NAK

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Ik wacht op de toelating en op $$$..

Northern Dynasty: US federal district court rejects litigation filed by Pebble opponents

US Environmental Protection Agency (EPA) action to withdraw pre-emptive veto upheld
April 20, 2020 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") reports that, on Friday April 17, a US federal district court judge in Alaska granted the US Environmental Protection Agency’s (“EPA”) ‘Motion to Dismiss’ a case brought by a collection of anti-Pebble activist groups.
The litigation challenged EPA’s July 2019 decision to formally withdraw its prior regulatory action under Section 404(c) of the Clean Water Act (initiated in 2014 by the Obama Administration), which sought to pre- emptively veto the Pebble Project before permit applications had been filed or an Environmental Impact Statement (“EIS”) permitting process was undertaken. In granting the Motion to Dismiss, US District Judge Sharon L. Gleason found the anti-Pebble activists had “failed to state a claim upon which relief can be granted”.
In a statement released April 18, 2020, Pebble Limited Partnership (“Pebble Partnership” or “PLP”) CEO Tom Collier said the US legal system has once again re-affirmed the Pebble Project’s right to receive a fair and objective permitting review under the Clean Water Act (“CWA”) and National Environmental Policy Act (“NEPA”). He said the court decision received last week removes yet another obstacle to receiving a Final EIS and Record of Decision on the Pebble Project by mid-2020.
***
The Pebble Partnership statement released April 18, 2020 quotes PLP CEO Tom Collier:
“For years, we have sought basic fairness for the Pebble Project to be fully vetted under the regular permitting process and to block attempts to preempt that fundamental right. Once again, a coalition of anti Pebble groups including national environmental groups like the Natural Resources Defense Council have been proven wrong in their ad hominem attacks on Pebble. This time a Federal District Judge in Alaska has ruled that their most recent attack did not even state a cause of action that required review by the court. Therefore, their lawsuit against EPA was dismissed for lack of jurisdiction.
“We have long held that the preemptive veto against Pebble was poor public policy and that decisions about the merits of developing a mine at the Pebble Prospect should be made through the legal, statutory process defined by NEPA. The preemptive veto was brought against the project by the Obama era EPA before a single permit to develop had been filed with a regulatory agency. The current administration made the correct decision to withdraw the preemptive veto and allow the project to be reviewed via the legal, statutory process defined by NEPA and the CWA. The Federal District Court correctly recognized the validity of this decision. The EPA, in their decision to withdraw the preemptive veto, noted that a detailed plan of development had been submitted for review allowing the agency and other regulators to fully vet the project.

This decision moves Pebble one step closer to completing its federal permitting process. The U.S. Army Corps of Engineers current schedule calls for the Final Environmental Impact Statement and the Record of Decision for the project to be issued by mid-year. We see no reason why this schedule will not be met, especially now that this meritless litigation has been dismissed.
“We firmly believe the project will be developed without harm to the Bristol Bay fishery and for the benefit of the region, especially the communities around Iliamna Lake. Preliminary reports from the Corps of Engineers indicate it can be done responsibly and we look forward their final report this summer.”



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The Pebble Project is located in southwest Alaska. Northern Dynasty is 100% owner of the Pebble Partnership, which is advancing the world-class Pebble deposit in Alaska towards permitting and development.

The Pebble deposit is one of the greatest stores of mineral wealth ever discovered, and the world’s largest undeveloped copper and gold resource. The Pebble Project’s tonnes, grade, metallurgy and geometry have the potential to support a modern, long-life mine.

The current resource estimate includes 6.5 billion tonnes in the measured and indicated categories containing 57 billion lb copper, 71 million oz gold, 3.4 billion lb molybdenum and 345 million oz silver; and 4.5 billion tonnes in the inferred category, containing 25 billion lb copper, 36 million oz gold, 2.2 billion lb molybdenum and 170 million oz silver. Palladium and rhenium also occur in the deposit.

Pebble advanced the environmental science and engineering work necessary to enter the National Environmental Protection Act (NEPA) permitting process in late 2017. We are committed to designing a project that is responsive to Alaskan input and needs and, as such, we expect to enter permitting with a project that has a demonstrably smaller footprint than previously contemplated.

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NORTHERN DYNASTY ANNOUNCES CLOSING OF C$10.1 MILLION UNDERWRITTEN OFFERING

May 13, 2020, Vancouver, BC – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) (“Northern Dynasty” or the “Company”) announces that the Company has closed its previously announced underwritten public offering of common shares of the Company (the “Common Shares”), including exercise in full of the over-allotment option (the “Offering”). A total of 14,375,000 Common Shares were sold at a price of C$0.70 per Common Share (“Offering Price”) for gross proceeds of approximately C$10.1 million. The Offering was completed pursuant to an underwriting agreement dated April 29, 2020 among the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including BMO Nesbitt Burns Inc., H.C. Wainwright & Co., LLC. and TD Securities Inc.

The Company intends to use the net proceeds of the Offering and the Concurrent Private Placement for (i) operational expenditures, including engineering, environmental, permitting and evaluation expenses associated with the Pebble Project and the advancement of completion of the USACE Environmental Impact Study, (ii) enhanced outreach and engagement with political and regulatory offices in the Alaska state and U.S. federal government, Alaska Native partners and broader regional and state-wide stakeholder groups, and (iii) payment of current liabilities associated with the Company's working capital deficiency

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Northern Dynasty: Alaska’s Pebble Project Approaches Key Permitting Milestone As COVID-19 And Collapsing Oil Prices Threaten State’s Economy, Fiscal Health And Employment

18 minutes ago
Stocks mentioned: NAK

VANCOUVER / ACCESSWIRE / May 14, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") reports that, though fewer than 400 cases of COVID-19 have been diagnosed in Alaska, placing it among the lowest states in the country on an absolute and per capita basis, the economic impact of the global pandemic on the largest US state are both severe and ongoing.

As a result of COVID-19 and an unprecedented worldwide collapse of oil prices, almost 20% of Alaska's workforce - some 62,000 people in a state of less than 750,000 - have active or pending unemployment claims. Some economists forecast 50,000 Alaska job losses this year.

.....

Thiessen said the Pebble Project is expected to support as many as 1,000 full-time, direct jobs during mine operations, with average compensation in excess of $100,000/year, and up to 2,000 indirect jobs in the broader Alaska economy. Every year, an operating Pebble mine would generate more than $400 million in in-state expenditures, and contribute some $66 million annually to state government coffers - including contributions to Alaska's Permanent Fund.

During mine operations, the Pebble Project would also contribute an estimated $21 million each year in tax revenues to the Lake & Peninsula Borough, the regional jurisdiction in which the project resides. These funds, totaling some $420 million over 20 years of mining, would increase the borough's existing tax base and budget by 2 - 3x, and provide an opportunity for local government to vastly expand the health, education and other public services it provides in 17 rural villages in southwest Alaska.

...
https://newsfilter.io/a/7e19966c30ecb0d ... d7a1ea54ca

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PM


NAK NAK
Who's there?
1 dollar

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$1.25 PM

Northern Dynasty: EPA expresses confidence in Pebble permitting; opts not to elevate approval decision

Decision is positive news for southwest Alaska’s Pebble Project
May 29, 2020 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") reports that the Company’s 100%-owned, US-based subsidiary Pebble Limited Partnership (“Pebble Partnership”) issued the following statement on May 28, 2020.

A letter issued today by the U.S. Environmental Protection Agency (EPA) confirming the Environmental Impact Statement (EIS) process for the proposed Pebble mine currently being led by the US Army Corps of Engineers (USACE) is proceeding well, and effectively addressing all issues and concerns raised by EPA, the US Fish and Wildlife Service (USFWS) and other cooperating agencies, was hailed by Pebble Partnership CEO Tom Collier as another positive step in the project’s permitting process.
Collier also noted the letter reflects the EPA’s decision not to pursue so-called 3(b) elevation under the Clean Water Act Section 404(q) guidelines.

“This determination by the EPA is another indication of positive progress for the project. This is on the heels of last of week’s announcement from the U.S. Army Corps of Engineers (USACE) indicating their LEDPA determination would be for Alternative 3 – the northern route. We also saw the positive Preliminary Final Environmental Impact Statement earlier this year showing the project can be done responsibly and without harm to the Bristol Bay fishery.

“The decision last year by EPA to withdraw the Obama administration’s pending veto (confirmed by a federal court’s recent dismissal of the case brought by NRDC and others attacking that withdrawal), gives us strong reason to believe that EPA will not veto the USACE Record of Decision for the project. Today’s decision not to file a 3b letter gives us more reason to believe that there will be no veto. This is consistent with our observation that USACE and EPA, and the other cooperating agencies, have been working well together to resolve all outstanding issues. The recent LEDPA announcement is further tangible evidence of that cooperation as we understand other federal agencies preferred the northern transportation corridor alternative.

“Our core principle has always been for the project to be done in a way that does not harm the fishery or water resources in Bristol Bay. The draft EIS showed this, the PFEIS shows this and we are confident the final EIS will show this and demonstrate to Alaskans that this is an important project for the state’s future.
“The USACE continues to advance a rigorous and transparent review of all aspects and alternatives of our project. It has involved cooperating agencies from the federal, state, local and tribal governments in its review of the many technical issues facing the project. The permitting process for the project is reasonable and objective. We have always said let science and technical information guide decisions about the project. The EPA decision to not pursue a 3(b) elevation is in line with this notion.”

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Ingestapt aan $0.80 op 11 mei
Vandaag $1.36 aangeraakt in PM

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