Northern Dynasty and First Quantum Minerals Terminate Framework Agreement
Northern Dynasty and First Quantum Minerals Terminate Framework Agreement
May 25, 2018 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern
Dynasty" or the "Company") advises that Northern Dynasty and First Quantum Minerals Ltd. (“First
Quantum”) (TSX: FM) have been unable to reach agreement on the option and partnership transaction
contemplated in the December 15, 2017 framework agreement (the “Framework Agreement”) between the
parties. As such, the Framework Agreement has been terminated in accordance with its terms.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern
Dynasty's principal asset, owned through its wholly -owned Alaska- based US subsidiary Pebble Limited
Partnership and other wholly-owned subsidiaries, is a 100% interest in a contiguous b lock of 2,402 mineral
claims in southwest Alaska, including the Pebble deposit. The Pebble Partnership is the proponent of the
Pebble Project, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dyn asty and the Pebble Project, please visit the Company's website at
www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America
at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
Canadian Media Contact:
Ian Hamilton, Principal
Longview Communications and Public Affairs
(905) 399-6591
US Media Contact:
Dan Gagnier
Gagnier Communications
(646) 569-5897
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than
statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company
expects are forward -looking statements. Althoug h the Company believes the expectations expressed in its forward- looking
statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate
size, quality or commercial feasibility of the Pebble Project or of the Company's future performance or the outcome of litigation.
Assumptions used by the Company to develop forward- looking statements include the following: the Pebble Project will obtain all
required environmental and other permits and all la nd use and other licenses, studies and development of the Pebble Project will
continue to be positive, and no geological or technical problems will occur. The likelihood of future mining at the Pebble Pr oject is
subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including
obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis and delays due to third party
opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of
any litigation, completion of pre -feasibility and final feasibility studies, preparation of all necessary engineering for surface or
underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as
funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is
no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as
ore. The need for compliance with extensive environmental and socio -economic rules and practices and the requirement for the
Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject
to the specific risks inherent in the mining business as well as general economic and business conditions. For more informati on on
the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission and its home
jurisdiction filings that are available at www.sedar.com.