Northern Dynasty: Pebble Partnership rolls out revenue sharing for full-time residents of Bristol Bay ‘Pebble Performance Dividend’ to distribute 3% Net Profits Royalty Interest in future Pebble mine
Northern Dynasty: Pebble Partnership rolls out revenue sharing for full-time residents of Bristol Bay
‘Pebble Performance Dividend’ to distribute 3% Net Profits Royalty Interest in future Pebble mine
June 16, 2020 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern
Dynasty" or the "Company") reports that its 100%-owned US-based subsidiary Pebble Limited Partnership
(the ”Pebble Partnership”) has announced a local revenue sharing program to ensure full-time residents of
communities in southwest Alaska benefit directly from the future operation of the proposed Pebble mine.
The Pebble Partnership has established the Pebble Performance Dividend LLP to distribute a 3% Net Profits
Royalty Interest in the Pebble Project to adult residents of Bristol Bay villages that have subscribed as
participants. The Pebble Performance Dividend will distribute a guaranteed minimum annual payment of US
$3 million each year the Pebble mine operates beginning at the outset of project construction, with future
payments following capital payback expected to be significantly greater.
The Pebble Partnership announced the Pebble Performance Dividend today, and kicked o ff an enro llment
period whereby full -time, adult residents of Bristol Bay villages can register to participate in the revenue
sharing program.
Pebble Partnership CEO Tom Collier said the Pebble Performance Dividend helps fulfill a key promise made
to local people: “When we rolled out our new, smaller mine plan in 2017, I made a commitment to find a way
to share the opportunity Pebble represents with the residents of Bristol Bay. While not everyone will want
to work at the mine, this ensures a direct way for everyone to participate.”
“Developing a mine at Pebble will provide jobs, economic activity, local tax revenue and infrastructure. Today
we are adding one more way residents of the region can directly benefit from Pebble.”
Pebble’s ‘dividend’ program is intended to mirror Alaska’s Permanent Fund, which distributes a n annual
dividend to full-time residents of Alaska each year based on revenue derived from natural resource activity
in the state, including mining. Like the Permanent Fund, the Pebble Performance Dividend will help residents
and families in rural villages in southwest Alaska remain in their home communities and pursue traditional,
subsistence-based lifestyles.
“We’re proud to offer this benefit to the people of Bristol Bay, and hope and believe it will help make these
villages and the Alaska Native culture they support sustainable for future generations,” said Northern Dynasty
President & CEO Ron Thiessen.
The Pebble Project is expected to receive its Final Environmental Impact Statement (“EIS”) from the US Army
Corps of Engineers within a matter of weeks, and a federal Record of Decision this summer. The project must
then secure state permits prior to the onset of construction – a process expected to take 2 -3 years to
complete.
“It’s an exciting time for Northern Dynasty and the Pebble Partnership, as all the work we’ve done over many
years to advance an environmentally sound, socially responsible and financially robust project is nearing its
most critical permitting milestone,” Thiessen said. “In our view, the time is right to formalize our commitment
to the communities of Bristol Bay to ensure that the development of Pebble directly benefits the people and
families that call the region home.”
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 (“PLP”), is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including
the Pebble deposit. PLP 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 Proj ect, 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 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, that the Pebble Project will secure all required government permits, or
of the Company's future performance.
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) studies for the development
of the Pebble Project will be positive, (iii) NDM will be able to establish the commercial feasibility of the Pebble Project, and (iv) NDM
will be able to secure the financing required to develop the Pebble Project. 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 (i)
obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to
third party opposition or changes in government policies, (ii) the completion of feasibility studies demonstr ating the Pebble Project
mineral reserves that can be economically mined, (iii) completion of all necessary engineering for mining and processing faci lities,
and (iv) receipt by NDM of significant additional financing to fund these objectives as well as fu nding mine construction, which
financing may not be available to NDM on acceptable terms or on any terms at all. The Company is also subject to the specific risks
inherent in the mining business as well as general economic and business conditions, as well as risks relating to the uncertainties with
respect to the effects of COVID-19.
The National Environment Policy Act EIS process requires a comprehensive “alternatives assessment” be undertaken to consider a
broad range of development alternatives, the fina l project design and operating parameters for the Pebble Project and associated
infrastructure may vary significantly from that currently being advanced. As a result, the Company will continue to consider various
development options and no final project design has been selected at this time.
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 available at www.sedar.com.