Northern Dynasty Minerals (NAK) Stock Flies Ahead Of Major Catalyst

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is screaming for the top in the market this morning, following up on the gains that we saw from the stock yesterday. While the company hasn’t issued any news this week, there’s good reason for the movement considering the fact that there’s a huge catalyst that’s scheduled to take place this week. Here’s what’s going on:

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NAK Stock Rockets With A Key Catalyst Ahead

As mentioned above, Northern Dynasty Minerals is having a great day in the market today as investors get involved ahead of what is expected to be a major catalyst. So, what’s the catalyst?

On July 24, 2020, the United States Army Corps of Engineers is expected to release its final environmental impact statement or EIS. This is the final step in on a long road that NAK has been working its way down for years.

The reality is that the company has been working to apply permits for the Pebble Project, a deposit that, if approved, could become one of the largest precious metals mines in the world. With the land, the company is litterally sitting on a goldmine.

The problem is that NAK has been working to get permits to start progress on the mine, but the EPA has blocked them every step of the way. A couple of years ago, Northern Dynasty Minerals and the EPA agreed to a path toward permitting to end a long-lasting court battle.

The agreement required that NAK have the United States Army Corpos of Engineers check what the environmental impact would actually be. If there is no negative impact, the company can begin applying for permits.

Preliminary reports from the United States Army Corps of Engineers have been overwhelmingly positive, suggesting that the Pebble mine would have no major impact on the fragile Alaskan environment in which it sits. Moreover, the preliminary report outlined positive economic impacts.

However, the big day will be July 24, 2020, when the final environmental impact statement is released. I believe that the final EIS will be positive, and that when it happens, the stock will rocket.

Final Thoughts

The bottom line here is simple, the final EIS is going to be released by the US Army Corps of Engineers later this week. There is a strong chance that the EIS will be positive given preliminary releases of information.

Should this be positive, not only will the stock likely soar, it will set the stage for the wheels to start getting in motion with regard to the Pebble mine. As such NAK stock is one to watch incredibly closely as a positive statement would lay the groundwork for tremendous growth ahead.

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The author of this article is LONG NAK and intends to hold shares until the July 24, 2020 or later pending announcements with regard to the coming EIA.

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