Northern Dynasty Announces Filing of Preliminary Base Shelf Prospectus
NORTHERN DYNASTY ANNOUNCES FILING OF PRELIMINARY BASE SHELF PROSPECTUS
January 15, 201 9 Vancouver, BC – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK)
("Northern Dynasty" or the "Company") announces that it has filed a preliminary short form base shelf
prospectus with the securities commissions in each of the provinces of Canada, other than Quebec , and a
corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission
(the "SEC") under the U.S./Canada Multijurisdictional Disclosure System.
The base shelf prospectus and corresponding shelf registration statement, when made final or effective, will
allow Northern Dynasty to offer up to US$50,000,000 of common shares, warrants, subscription receipts and
units, or any combination thereof, from time to time over a 25 -month period. The specific terms of any
offering of securities will be set forth in a shelf prospectus supplement. The Company filed this base shelf
prospectus to maintain financial flexibilit y but has no immediate intentions to undertake an offering. It
remains our goal to re-partner the Pebble Project.
The Company anticipates that it will file two Prospectus Supplements in connection with its recently
completed private placement of Special Warrants for total aggregate offering proceeds of approximately
C$8.4 million (US$6.3 million), as announced in its press release s of December 21, 2018 and December 28,
2018. The initial Prospectus Supplement will be filed to qualify the common shares (the “Common Shares”)
to be issued upon conversion of the Special Warrants on a one -for-one basis and without payment of any
additional consideration. The Special Warrants will convert on the date that is six days following the filing of
this initial Prospectus Supplement. The second Prospectus Supplement will be a U.S. focused Prospectus
Supplement that will register the resales of the Common Shares issued to the U.S. Special Warrant investors
in the United States.
The shelf registration statement filed today with the SEC has not yet become effective. No securities may be
sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
Before purchasing the securities of the Company that may be offered by way of any prospectus supplement,
you should read the base prospectus in the registration statement, together with the applicable prospectus
supplement, and other documents the issuer has filed with the SEC for more complete information about the
Company and the offering. This news release shall not constitute an offer to sell or a solicitation of an offer
to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale
would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
A copy of the preliminary short form base shelf p rospectus can be found on SEDAR a t www.sedar.com and
on EDGAR at www.sec.gov or may be obtained upon request from Northern Dynasty's Investor Relations
Department, Suite 1500, 1040 West Georgia St., Vancouver, British Columbia, Canada V6E 4H1 or
About Northern Dynasty
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, is a 100% interest in a contiguous block 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.
LEGAL_30491528.2
For further details on Northern Dynast y 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
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 the qualification of the Special Warrants and, filing of the base shelf prospectus that
the Company plans are forward -looking statements. Although 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
Company's future performance. In addition, any statements made by the Company, other than statements of historical facts, that
address events or developments that the Company expects in relation to the Pebble Project are forward -looking statements.
Although 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. For more information 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 av ailable
at www.sedar.com.