Northern Dynasty: Pebble Partnership Consents to EPA’s Request for Additional 30-day Abeyance
Northern Dynasty: Pebble Partnership Consents to EPA’s Request for Additional 30-day Abeyance
May 15, 2025 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) (" Northern
Dynasty" or the "Company") and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership (“Pebble
Partnership” or “PLP”) have informed the Court that they do not object to a motion from the Environmental
Protection Agency (“EPA”) and U.S. Army Corps of Engineers (“ USACE”) (collectively, the “defendants”) to
hold the litigation in abeyance for a further 30 days. This is in addition to the 90 -day abeyance that was
requested by th e defendants on February 14, 2025, to give the the new administration time to familiarize
themselves with the issues presented in this case and to decide how they wish to proceed.
“We have not objected to the request for this additional and shorter abeyance because there still is not a
confirmed Assistant Attorney General for the Environment and Natural Resources Division of the Justice
Department in place. This is an important position in any negotiation between a project proponent and a
regulator, and for a process that could, hopefully, remove the veto and re-start the permitting process,” said
Ron Thiessen, Northern Dynasty President and CEO.
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 block 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.
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. Public filings, which include forward looking information cautionary language and risk
factor disclosure regarding the Company and the Pebble Project can be found in Canada at www.sedarplus.ca
and in the United States 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 document 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 statements in this
document, other than statements of historical facts, which address permitting and the development and production for the Pebble
Project are forward-looking statements. These include statements regarding (i) the development plan for the Pebble Project (ii) the
right-sizing and de-risking of the Pebble Project, (iii) the design and operating parameters for the Pebble Project development plan,
including projected capital and operating costs, (iv) the social integration of the Pebble Project into the Bristol Bay region and benefits
for Alaska, (v) the political and public support for the permitting process, (vi) the ability of the Pebble Project to ultimately secure all
required federal and state permits, (vii) the ability of the Company and/or the State of Alaska to challenge the Environmental
Protection Agency’s (“EPA’s”) Final Determination process under the Clean Water Act and ultimately the U.S. Army Corps of Engineers
Record of Dec ision (“USACE ROD”) through legal actions; (viii) exploration potential of the Pebble Project, (ix) future demand for
copper, gold and other metals, (x) if permitting is ultimately secured, the ability to demonstrate the Pebble Project is ulti mately
commercially viable, and (xi) the potential addition of partners in the Pebble Project. Although NDM believes the expectations
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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 all required government permits or regarding the ability of NDM t o
develop the Pebble Project in light of the USACE ROD and its subsequent remand decision and the EPA’s Final Determination, establish
the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble Project.
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 assumptions that (i) the Pebble Project
will obtain all required environmental and other permits and all land use and other licenses without undue delay, (ii) any fe asibility
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 estab lish the commercial
feasibility of the Pebble Project, and (v) NDM will be successful in its legal action against the EPA and the USACE and any action taken
by the EPA in connection with the Final Determination will ultimately not be successful in restrict ing 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, including (i) the current development plan may not reflect the ultimate mine plan for the
Pebble Project, (ii) obtaining necessary mining and construction permits, licenses and approvals without undue delay, includi ng
without delay due to third party opposition or changes in government policies, (iii) finalization of the mine plan for the Pebble Project,
(iv) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically m ined,
(v) completion of all necessary engineering for mining and processing facilities, (vi) the ability of NDM to secure a partner for the
development of the Pebble Project, and (vi) receipt by NDM of significant additional financing to fund these objectives as we ll as
funding mine construction. NDM is also subject to the specific risks inherent in the mining b usiness as well as general economic and
business conditions. Investors should also consider the risk factors identified in the Company’s Annual Information Form for the year
ended December 31, 202 4, as filed on SEDAR+ (www.sedarplus.ca) and included in its annual report on Form 40 -F filed on EDGAR
(www.sec.gov), as well as the risk factors set out in the Company’s subsequent public continuous disclosure filings available on
SEDAR+ and EDGAR. For mor e 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.sedarplus.ca.
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. As a result, the Company w ill
continue to consider various development options and no final project design has been selected at this time.