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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

Post by stockman6767on Aug 28, 2020 11:53am
299 Views
Post# 31469921

Email from NDM/NAK from the Yahoo BB

Email from NDM/NAK from the Yahoo BB
I just received the following from Northern dynasty's Investor relations:

"Thank you for your email.

A compensatory mitigation plan is part of the overall permitting process and one that the project was keenly aware of for some time. The state of Alaska has significant wetlands as you likely know, so their preference is to mitigate through other means. However, the EPA requested (and the USACE agreed to) a compensatory plan that included wetlands mitigation. Unfortunately, the EPA prefers to make these requests close to the release of FEIS’ typically, so this leaves the company to address the requirements in a relatively short time window. As such, the company is carrying out fieldwork to meet the requirement and expect to be complete very soon and within weeks to have the mitigation plan in front of the USACE.

We cannot be clearer that the development of a mitigation plan between the FEIS and the Record of Decision is ‘normal course’ in the permitting process and the release of the USACE letter this past Monday is just that. The company is confident that it will be able to deliver an acceptable mitigation plan very soon.

We hope that this addresses your concerns.

Sincerely,

Investor Relations"

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