NDM WILL GO BACK TO 2$ SOONNorthern Dynasty's Pebble says USACE letter is "normal" 2020-08-24 13:15 ET - News Release Mr. Ronald Thiessen reports NORTHERN DYNASTY: USACE LETTER ON WETLANDS PART OF THE NORMAL PERMITTING PROCESS Northern Dynasty Minerals Ltd.'s 100-per-cent-owned U.S.-based subsidiary, Pebble Limited Partnership, has issued a public statement on a letter received from the U.S. Army Corps of Engineers about its approach to wetlands mitigation for the project. The statement reads: The U.S. Army Corps of Engineers ("USACE") sent a letter to the Pebble Partnership outlining their expectations for compensatory mitigation wetlands impacts associated with the project. The letter from the USACE has been anticipated by the Pebble Partnership as part of the ongoing discussions about the issue. PLP CEO Tom Collier issued the following statement about the letter and media reports about its contents over the weekend: "The letter we received today is a normal letter in the permitting process and we are well into an effort to present a mitigation plan to the USACE that complies with the requirements of their letter. A clear reading of the letter shows it is entirely unrelated to recent tweets about Pebble and one-sided news shows. The White House had nothing to do with the letter nor is it the show-stopper described by several in the news media over the weekend. "The letter does not ask for a delay or pause in the permitting process. In fact, it clearly states that the USACE is continuing its work toward a Record of Decision for the project. This is the next step in what has been a comprehensive, exhaustive two-and-a-half-year review of the project. Nothing in the letter is a surprise to us or them. "The letter does not ask for "more" or "additional" mitigation. This is the first time the USACE has put its formal assessment regarding mitigation for the Pebble Project on the record. Thus, it is a "first" request, not a new or additional one and it is in line with what we anticipated. "The USACE has identified the wetlands and stream impacts at the project mine site to include about 3000 acres of wetlands and about 100 miles of streams. The USACE has stated that the mitigation must be "in kind" and "in watershed." In order to provide such mitigation Pebble intends to include in its CMP a plan to preserve enough land so that multiples of the number of impacted wetlands acres are preserved. Additional mitigation will also be provided for the transportation corridor. "We have been working on the details of a plan with the USACE and the State of Alaska since earlier in the summer. We have had crews in the field near the site since the end of July conducting additional wetlands surveys to provide us with additional information to include in our plan. "Once the draft LEDPA1 was determined, the USACE began to focus on its conclusions regarding mitigation needs. It is our understanding that these issues were reviewed with other agencies including EPA and USFWS. We were informed about 6 weeks ago of how the USACE was leaning regarding mitigation. We began at that time focusing on a preliminary plan. We built two temporary camps in the watershed housing a total of about 25 people. A number of teams from those camps have been mapping the wetlands in the region for about four weeks now. "Based on our understanding of the substance of the letter, our discussions with the state, our substantial work in the field and our discussions with the USACE we believe our final Comprehensive Management Plan submission will be submitted within weeks and will satisfy all of the requirements of the letter. "Anyone suggesting a different opinion-i.e. that Pebble will not be able to comply with the letter or that such compliance will significantly delay issuing a ROD-must be ignorant of the EXTENSIVE preparation we have undertaken in order to meet the requirements of the letter. "We will share more details of our initial plan as they become more defined."