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Bullboard - Stock Discussion Forum 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... see more

TSX:NDM - Post Discussion

Northern Dynasty Minerals Ltd > NAK / NDM..... Never say Never with Gold doing its thing
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Post by Iseneschal on Oct 28, 2024 11:23am

NAK / NDM..... Never say Never with Gold doing its thing

“Northern Dynasty seems determined to fight on. According to its latest financial disclosures, Northern Dynasty anticipates a budget of $8,612,000 for the coming year to fund, among other corporate legal obligations, its challenges to EPA’s veto and the Corps’ permit denial.”

Northern Dynasty: Alaska Court Grants Motion to Add USACE to Existing EPA Complaint

2024-08-19 03:50 ET - News Release

VANCOUVER, BC / ACCESSWIRE / August 19, 2024 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") report that the U.S. Federal District Court in Alaska (the "Court") has granted the motion to modify the existing complaint against the Environmental Protection Agency ("EPA") by adding the US Army Corps of Engineers ("USACE") as another defendant.

On June 10, 2024, Northern Dynasty and PLP filed a motion for leave to file an amended complaint with the Court to reverse the USACE decision to deny the project a permit.

"In this decision the Court accepted our argument that the veto, to a large extent, was based on the USACE permit denial and therefore the cases are related and should be heard together," said Ron Thiessen, President and CEO of Northern Dynasty.

Mr. Thiessen continued, "The intent of this litigation is to put the permitting process for Pebble back on track, after it was derailed by wrongful actions taken by both EPA and the USACE, for political purposes. The Court's decision allows us to expose the flawed and interrelated actions by both agencies in one complaint. Combining these cases is more efficient in terms of time and expense than trying them separately, and we are pleased the Court has agreed with our position. In addition, we believe that critical evidence and testimony in the Administrative Appeal process will demonstrate the erroneous and political nature of the permit denial and subsequent EPA veto."

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