Northern Dynasty Minerals NAK Stock News

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is headed up in the market this morning after a press release about the Pebble Project. Here’s what’s going on:

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NAK Stock Heads Up On Pebble Project Press Release

In the press release, Northern Dynasty Minerals welcomed a pending White House review of its Pebble Project and a positive EIS issued by the United States Army Corps of Engineers.

In the release, Tom Collier, CEO at the NAK Subsidiary, Pebble Partnership, said that the EIS “demonstrates the project can be developed without harm to Bristol Bay fisheries.”

The release went on to outline a statement, outlining comments made by President Trump that he will listen to both sides concerning the project. The company went on to explain that it is confident that following the EIS, the final regulatory decision surrounding the Pebble mine will be positive.

Furthermore, the company said that the EIS has finally put a 15-year old debate to rest. Ultimately, the statement proves that what will likely become the world’s largest precious metals mines can live in harmony with the fisheries and delecate environment of Bristol Bay.

NAK also outlined comments made by Collier surrounding President Trump’s recent permitting reform announcements. Essentially, Trump views the current permitting process to be too stringent and a hinderance to economic development. As such, there’s a stronger chance that the outcome will be positive.

Toward the end of the release, the company outlined statements made by key political figures, suggesting that the Pebble Project should be permitted and should come to fruition. Here’s a few of them:

When I took office, my top priority was to grow Alaska’s economy by letting the world know that Alaska was open for business and to encourage companies across the globe to invest in our state. The number one way to accomplish this goal is to let potential investors know that we have regulatory and permitting stability in Alaska. – Alaska Governor Mike Dunleavy

Alaska’s people have prospered and flourished in part because of a healthy mining industry. Alaska has never taken our eyes off of an objective process for reviewing projects like Pebble. There are strict federal and state standards that must be met and companies need to know their potential projects will be vetted free from the whims of political opinion. – Sen. Cathy Giessel, President of the Alaska State Senate

Alaska has enjoyed the benefits of mining for well over 100 years, with the last several decades seeing new innovations and advancements for protecting the environment. Alaska has stringent regulations to protect its land and waters. Pebble should be vetted like any other Alaska resource project and this review should be free of interference from special interest groups – especially those outside of Alaska. As our resource revenues continue to decline and our state faces serious budget challenges, Pebble could be the first step to turn the state around. – Rebecca Logan, Alaska Support Industry Alliance

Final Thoughts

Northern Dynasty Minerals has spent more than $1 billion dollars to bring the Pebble Project to fruition. It has made it through court hearings, reviews by the Army Corps of Engineers, and more. At this point, the company and the Pebble Partnership leadership see the light at the end of the tunnel.

Should the White House review prove to be positive, there’s a strong chance that the copany will soon announce a collaboration and push for the development of the mine. All in all, this is great news for NAK stock and those who own it!

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2 COMMENTS

  1. Should the White House review prove to be positive, there’s a strong chance that the copany will soon announce a collaboration and push for the development of the mine. All in all, this is great news for NAK stock and those who own it!

    Do you see a collaboration with the government or another company?

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