Northern Dynasty announces its inclusion in the new Battery Metals Index of the Toronto Stock Exchange
Northern Dynasty announces its inclusion in the new Battery Metals Index of the Toronto Stock Exchange
June 7, 2022 VANCOUVER – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern
Dynasty" or the "Company" or “NDM”) announces that it is one of the 40 companies in the new Battery Metals
Index of the Toronto Stock Exchange (“TSX”). There will be a special market open ing ceremony this morning to
celebrate the launch of this new index.
“Battery metals are emerging as a critical component in the move to a green energy future, and so it is timely that
the TSX has formed a Battery Metals Index ,” said Ron Thiessen, Northern Dynasty President and CEO. “Battery
technology continues to advance, and it is not clear at this time which combination of metals will be the ultimate,
most efficient, formula. But what is clear is that to create the electricity that the battery will store, and then to
transform the electricity back into kinetic energy, requires much more copper than the industry can currently
produce.”
“The U.S. and Canada must have substantial new sources of copper supply so that they do not run the risk of being
shut out of manufacturing for this emerging industry. The Pebble Project is the largest undeveloped copper project
in the world1. The U.S. needs the Pebble Project and, frankly, the other copper projects stuck in U.S. and Canadian
federal permitting, to move forward.” Mr. Thiessen added.
The S&P/TSX Battery Metals Index provides investors with a measure of TSX -listed mining companies which are
involved in production and exploration of battery metals Cobalt, Copper, Graphite, Lithi um, Manganese,
Molybdenum, Nickel, Palladium, Platinum and Zinc. Weighting is 80% divided equally among companies involved
in production and 20% divided equally among companies involved in exploration only.
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 U.S. subsidiary, Pebble Limited
Partnership, is a 100% interest in a contiguous bl ock of 1,840 mineral claims in Southwest Alaska, including the
Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. 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 Dynasty 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 U.S. public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
U.S. 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" under the United States Private Securities
Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statem ents in this release,
other than statements of historical facts, which address permitting, development and production for the Pebble Project are forward-
looking statements. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable
assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure a ll required
government permits, establish the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble
Project.
2
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by
NDM as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Assumptions used by NDM to develop forward -looking statements include the following assumptions, all of which
are subject to risks (i) the Pebble Project will ultimately obtain all required environmental and other permits and all land use and
other licenses, (ii) any feasibility studies prepared for the development of the Pebble Project will be positive, (iii) NDM’s estimates of
mineral resources will not change, and NDM will be successful in converting mineral resources to mineral reserves, ( iv) NDM will be
able to establish the commercial feasibility of the Pebble Project, (v) NDM will be able to secure the financing required to develop
the Pebble Project and (vi) any action taken by the EPA in connection with the Proposed Determination will ultimately not be
successfully in restricting or prohibiting development of the Pebble Project.
The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number
of technical, economic and legal objectives. NDM is also subject to the specific risks inherent in the mining business as well as general
economic and business conditions, such as the current uncertainties with regard to COVID -19 and the conflict in Ukraine . Investors
should also consider the risk factors identified in its Annual Information Form for the year ended December 31, 2021, as filed on
SEDAR and included in the Company’s annual report on Form 40-F filed by the Company with the SEC on EDGAR, and the Company’s
Management Discussion and Analysis for the year ended December 31, 2021, as filed on SEDAR and EDGAR, for a disc ussion of the
risks that may impact our forward-looking statements.
The National Environment Policy Act Environmental Impact Statement process requires a comprehensive “alternatives assessment”
be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for th e
Pebble Project and associated infrastructure may vary significantly from that currently contemplated.
For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange
Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.
1 https://www.canadianminingjournal.com/news/ranked-worlds-top-10-copper-mining-projects-2022/