Latest news with #NorthernDynastyMinerals
E&E News
3 days ago
- Business
- E&E News
Pebble legal battle rages with EPA agreement elusive
A legal battle over the Pebble mine in Alaska is slated to continue after project developers and the Trump administration failed to reach an agreement over the 2023 federal veto that killed the project. Companies pushing to build the copper, gold and molybdenum mine in the Bristol Bay watershed revealed in documents submitted to a district court in Alaska that they have failed to reach an agreement with EPA on how to move the project forward. The Department of Justice said in court documents last week that EPA was 'open' to reconsidering the veto that essentially killed the project. EPA is talking to Pebble Partnership, a company wholly owned by Northern Dynasty Minerals, about a possible settlement, DOJ said. Advertisement 'Those discussions were productive but the parties did not reach a negotiated resolution,' Pebble lawyers wrote in a status update filed with the court Thursday. '[Pebble] believes it is now appropriate to proceed to summary judgment briefing regarding EPA's Final Determination.'
Bloomberg
3 days ago
- Business
- Bloomberg
Pebble Mine Owner's Shares Plunge 49%, Dropping for Second Day
Northern Dynasty Minerals Ltd. plummeted for a second day amid concerns surrounding its efforts to move forward on a mining project in Alaska. Shares in the Vancouver-based company plunged as much as 49% Friday in Toronto, adding to Thursday's 29% drop.
Bloomberg
4 days ago
- Business
- Bloomberg
Shares of Pebble Mine Owner Fall 55% in Biggest Drop Since 2020
Shares of Northern Dynasty Minerals Ltd., the owner of Alaska's Pebble mine project, plunged as much as 55% Thursday before paring losses. Trading was briefly halted after Northern Dynasty's stock had its biggest drop since late November 2020. Shares trimmed losses after trading in Toronto resumed, with a decline of 30% to C$2.21 apiece as of 12:03 p.m.
Washington Post
12-05-2025
- Business
- Washington Post
Northern Dynasty: Q1 Earnings Snapshot
VANCOUVER, British Columbia — VANCOUVER, British Columbia — Northern Dynasty Minerals Ltd. (NAK) on Monday reported a loss of $28.1 million in its first quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 5 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share.
Yahoo
24-03-2025
- Business
- Yahoo
Northern Dynasty Minerals Shares Surge Nearly 38% After Trump Order
Northern Dynasty Minerals (NAK, Financials) shares gained 37.8% to $1.23 at 1:49:14 p.m. EDT on Monday after President Donald Trump issued an executive order to speed up mineral production project approvals. Warning! GuruFocus has detected 3 Warning Sign with NAK. Signed on March 20, the directive orders government authorities to hasten approval of domestic mining projects supporting national security, technology, and the Pebble Project in Alaska via its U.S. subsidiary Pebble Limited Partnership, Northern Dynasty said the order will support its efforts to forward site development. With further supplies of gold, silver, and molybdenum, a rare metal vital to military-grade aerospace uses, the business identified Pebble as the greatest undeveloped copper deposit in the corporation highlighted a 2020 environmental impact analysis showing possible tax income and high-paying employment as well as possible economic gains for local Alaskan towns and the larger American Dynasty's project is delayed among legal and regulatory obstacles despite executive backing. Under the Clean Water Act, the U.S. Environmental Protection Agency has rendered a Final Determination limiting local development. Furthermore, a previous decision taken by the U.S. Army Corps of Engineers has been overturned, therefore casting doubt on the future of the to Northern Dynasty, resolving legal difficulties, verifying the financial feasibility of the project, and obtaining federal and state approvals will determine further development. To advance with engineering and feasibility studies, the business is also looking for strategic partners and more capital. This article first appeared on GuruFocus. Sign in to access your portfolio
