Northern Dynasty receives Final Environmental Impact Statement (EIS) for Alaska’s Pebble Project
Northern Dynasty receives Final Environmental Impact Statement (EIS) for Alaska’s Pebble Project
July 24 , 2020 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern
Dynasty" or the "Company") reports the Final Environmental Impact Statement (“EIS”) for its Pebble copper-
gold-molybdenum project in southwest Alaska has been released by lead federal regulator, the US Army
Corps of Engineers (“USACE”).
At more than 2,000 pages, the Final EIS is the culmination of a 2 ½-year long, intensive review process under
the National Environmental Policy Act . While led by the USACE, the Pebble EIS also involved eight federal
cooperating agencies (including the US Environmental Protection Agency and US Fish & Wildlife Service ),
three state cooperating agencies (including Alaska Department of Natural Resources and Alaska Department
of Environmental Conservation), the Lake & Peninsula Borough (“LPB”) and federally recognized tribes.
Technical, permitting and legal experts for Northern Dynasty and its 100%-owned US-based subsidiary Pebble
Limited Partnership (the “Pebble Partnership”) have initiated a comprehensive review of the Final EIS.
Based on the findings of the Draft EIS published in February 2019 and the preliminary Final EIS distributed for
cooperating agency review in February 2020, as well as the Pebble Partnership’s careful management and
close scrutiny of the federal permitting process, Northern Dynasty believes the Final EIS describes a proposed
open-pit mine and related project infras tructure that will protect water quality, fisheries , wildlife and other
valued natural resources, and that can secure all necessary federal and state permits in future.
Topline findings from the Final EIS Executive Summary (“ES”) published today include:
• On subsistence fish and wildlife resources: “Overall, impacts to fish and wildlife would not be
expected to impact harvest levels. Resources would continue to be available because no population-
level decrease in resources would be anticipated.” (ES 51)
• On commercial fishing: “There would be no measurable change in the number of returning salmon
and the historical relationship between ex-vessel values and wholesale values. In addition, there
would be no changes to wholesale values or processor operations expected…. Under normal
operations, the Alternatives would not be expected to have a measurable effect on fish numbers
and result in long-term changes to the health of the commercial fisheries in Bristol Bay.” (ES-87)
• On water quality: “An Alaska Pollutant Discharge Elimination System (APDES) permit stipulation
requires treated water quality monitoring, to ensure discharged water meets applicable water
quality criteria. Assuming these protections are adopted, direct and indirect impacts of treated
contact waters to off-site surface water are not expected to occur.” (ES-70)
• On local communities and socioeconomic impacts: “The increase in job opportunities, year-round or
seasonal employment, steady income, and lower cost of living described above would have
beneficial impacts on the EIS analysis area, especially for communities in the LPB, during
construction and operations of the project.” (ES-54)
“The project could reduce or eliminate the current local population decline because of the increase
in employment opportunities and indirect effects on education and infrastructure; it could also lead
some prior residents to return to communities.” (ES-48)
“We’re ecstatic to reach this major milestone in the advancement of the Pebble Project – a modern mineral
development proposal that has the potential to become one of the most significant metals producers in the
United States , and a major source of jobs, investment, economic activity and government revenues in
Alaska,” said Northern Dynasty President & CEO Ron Thiessen.
“There is more work to be done, but the publication of the Final EIS today is a clear validation that Pebble
can be developed in an environmentally sound and socially responsible way, creating benefits a nd
opportunities for the people of Bristol Bay and all Alaskans.”
The Final EIS describes a proposed open-pit mining operation and associated ore processing facilities in
southwest Alaska, an 82-mile road, pipeline and utilities corridor to a permanent, year-round port facility on
Cook Inlet, a lightering location in Iniskin Bay, a 164 -mile natural gas pipeline from existing energy
infrastructure on the Kenai Peninsula to the Pebble mine site, a 270 MW natural gas-fired power plant at the
mine site and smaller power generation facility at the port site.
Over 20 years of mining, the Pebble Project as proposed will extract ~70 million tons of mineralized
material annually at the extremely low strip ratio of just 0.12:1. A conventional blast-haul-crush and froth
flotation milling process with nameplate capacity of 180,000 tons per day will be employed to produce, on
average, 613,000 tons of copper-gold concentrate each year (containing 318 million lb Cu, 362,000 oz Au
and 1.8 million oz Ag) and 15,000 tons of molybdenum concentrate (containing 14 million lb Mo).
Shortly following release of the Final EIS , the USACE is expected to issue a Record of Decision (“ROD”) with
respect to several of Pebble’s key federal permits . The Pebble Partnership must also s ecure a number of
permits issued by the State of Alaska, a process expected to take 2 – 3 years.
On the strength of the Final EIS and ROD expected this summer, Northern Dynasty’s goal is to secure a major
mining comp any (or consortium of companies) to become a partner (s) in the P ebble enterprise, and
participate in the final stages of project evaluation, design and permitting . In the mean time, the Pebble
Partnership will continue to advance programs and partnerships to enhance public and political support for
the Pebble Project in Alaska, and prepare for state permitting.
Pebble Partnership CEO Tom Collier said the publication of a Final EIS is the most significant milestone in the
project’s history.
“Today was rea lly fifteen years in the making,” Collier said. “ From the beginning, we dedicated the time,
resources and technical work to ensure we had a project that could be done responsibly, be done without
harm to the Bristol Bay fishery, and provide meaningful contributions to the communities closest to the
project. After an extensive, rigorous, and transparent review process , the USACE has concluded the Pebble
Project meets that mark.”
Collier said he expects the Final EIS to contribute to growing support for the Pebble Project in local villages
and state-wide, and further enrollment in the Pebble Performance Dividend revenue sharing program for
full-time residents of Bristol Bay.
“Alaskans have demanded that Pebble, and any Alaska resource development project, meet its high
standards before the project could advance,” he said. “ Today, we have passed a critical milestone on that
journey.”
Stephen Hodgson, PEng, Vice President En gineering for Northern Dynasty reviewed and approved the
technical information in this news release.
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 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 exploration drilling, exploitation activities and events or developments that the Company
expects 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 ultimate
size, quality or commercial feasibility of the Pebble P roject, 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 demonstra ting 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 fun ding 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 final 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.