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Northern Dynasty Minerals Ltd NAK


Primary Symbol: T.NDM

Northern Dynasty Minerals Ltd. is a Canada-based mineral exploration and development company based in Vancouver. The Company’s principal business activity is the exploration of mineral properties. The Company’s principal asset, owned through its wholly owned subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of about 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located about 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project. The deposit lies entirely within the Lake and Peninsula Borough, approximately 23,782 square miles of land. The deposit is a Copper-Gold-Molybdenum-Silver-Rhenium project. Its subsidiaries include 3537137 Canada Inc., Northern Dynasty Partnership, U5 Resources Inc., Pebble West Claims Corporation, and others.


TSX:NDM - Post by User

Post by RealityCheck123on Mar 07, 2023 1:30pm
168 Views
Post# 35324055

Not a Preemptive Veto. Mine Plan Submitted and Pebble Tapes.

Not a Preemptive Veto. Mine Plan Submitted and Pebble Tapes.

https://eelp.law.harvard.edu/2017/12/bristol-bay-pebble-deposit/


Dec. 18, 2022 The District Court for the Eastern District of New York denies Northern Dynasty Minerals’ motion to dismiss a class action lawsuit brought by shareholders. The plaintiffs allege that Northern Dynasty Minerals fraudulently misled investors regarding the proposed Pebble Mine’s size and scope. In its ruling, the court notes that “the Pebble Tapes, interpreted in the light most favorable to plaintiffs, revealed a definite (and secret) plan to extend the Project . . . Defendants therefore had a duty to publicly disclose this expanded plan.” In re Northern Dynasty Minerals Ltd. Securities Litigation, 1:20-cv-05917-ENV-RLM (E.D.N.Y).

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