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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 RealityCheck123on May 10, 2021 2:08am
222 Views
Post# 33163196

A Tough Path Forward

A Tough Path Forward

If Northern Dynasty couldn’t get the mine approved under Trump, how would it happen under President Joe Biden now? In August 2020, then-candidate Biden said bluntly about the Pebble project: “It is no place for a mine.” Elaborating on that, Biden added: “The Obama-Biden administration reached that conclusion when we ran a rigorous, science-based process in 2014, and it is still true today.”

 

It doesn’t get much clearer than that. Three consecutive presidential administrations in opposed the mine. There’s little chance for that to change until 2025, if not later. Meanwhile, Northern Dynasty will continue to run up the costs of keeping its overhead going and its management team paid.

 

https://finance.yahoo.com/news/northern-dynasty-empire-painful-decline-171557423.html

 
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