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Northern Dynasty Minerals Ltd T.NDM

Alternate Symbol(s):  NAK

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

Comment by toothdecayon Nov 04, 2016 10:39am
273 Views
Post# 25424518

RE:IN .98

RE:IN .98
I also added to my position here, this news is bigger than the market reacted in my opinion! It took months to even get them to talk to NDM. VANCOUVER, Oct. 27, 2016 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership ("Pebble Partnership" or "PLP") and the US Environmental Protection Agency ("EPA") have filed a joint Notice in federal court stating their intent to enter into mediation in an effort to resolve ongoing litigation under the Federal Advisory Committee Act ("FACA"). In September 2014, the Pebble Partnership initiated an action in federal district court in Alaska, alleging that EPA violated FACA by its close interactions with, and the undue influence of, Environmental Non-Government Organizations ("ENGOs") and anti-mine activists in developing the Bristol Bay Watershed Assessment, and its unprecedented, pre-emptive regulatory action under Section 404(c) of the Clean Water Act. In November 2014, a federal court judge granted PLP's request for a preliminary injunction in the FACA case, prohibiting EPA from taking any further steps toward finalizing its 404(c) regulatory action, and signaling that PLP's case had a likelihood of succeeding on its merits
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