Northern Dynasty: U.S. Army Corps Sends Pebble Permit Application Back to Alaska Office for More Work
Northern Dynasty: U.S. Army Corps Sends Pebble Permit Application Back to Alaska Office for More Work
April 26, 2023 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty"
or the "Company" or “NDM”) announces that its 100%-owned U.S.-based subsidiary Pebble Limited Partnership
(“Pebble Partnership” or “PLP”) has responded to yesterday’s announcement that the U.S. Army Corps of
Engineers (“USACE”) Pacific Ocean Division had accepted the Pebble Partnership’s position that the process for
the final Record of Decision for the Pebble Project was not properly followed. The Pacific Ocean Division did not
sustain the permit denial decision on the Pebble Project that was originally made by the USACE Alaska District and
remanded the matter back to that office to re-evaluate specific issues.
The following statement, by John Shively, CEO of PLP, is reiterated in full below:
“The USACE has recognized that the final decision process for Pebble was not properly undertaken and sent its
decision document back to the Alaska District following our appeal over two years ago. I am encouraged that some
in the federal government recognize the importance of following a fair and established process for reviewing
resource projects in Alaska.
“Our technical and permitting team will now spend some time looking through all the material relea sed today as
there is a fair amount to digest. We have several issues in motion around the project and a key current focus for
us right now is what next steps we will be taking regarding the EPA’s preemptive veto of the project.”
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, 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 law s. All statements in this
presentation, other than statements of historical facts, which address permitting, development and production for the Pebble Project
are forward-looking statements. These include statements regarding (i) the mine plan for the Pebb le Project, (ii) the political and
public support for the permitting process, (i ii) the ability to successfully appeal the negative Record of Decision and secure the
issuance of a positive Record of Decision by the U.S. Army Corps of Engineers and the abil ity of the Pebble Project to secure all
required federal and state permits, (iv) the status/merit of the EPA Final Determination and the actions of the EPA with respect to its
Final Determination with respect to the Pebble Project; (v) exploration potential of the Pebble Project, (vi) future demand for copper,
gold and other metals, and ( vii) the potential addition of partners in the Pebble Project. 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 all required government permits, 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 fact ors 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
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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 establish the commer cial
feasibility of the Pebble Project, (v) NDM will b e able to secure the financing required to develop the Pebble Project, and (vi) the
EPA’s Final Determination will ultimately not be successful 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, 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) finalization of the
mine plan for the Pebble Project, (iii) the completion of feasibility studies demonstrating that any Pebble Project mineral r esources
that can be economica lly mined, (iv) completion of all necessary engineering for mining and processing facilities, (v) the ability of
NDM to secure a partner for the development of the Pebble Project, and (vi) receipt by NDM of significant additional financin g, to
fund these objectives as well as funding mine construction. 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. Investors should
also consider the risk factors identified in its Annual Information Form for the year ended December 31, 202 2, as filed on SEDAR
(www.sedar.com) and included in the Company’s annual report on Form 40 -F filed by the Company with the SEC 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.
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 the
Pebble Project and associated infrastructure may vary significantly from that currently contemplated. As a result, the Compan y 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 at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.