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Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:39 EDTNAKNorthern Dynasty receives settlement of loan and terminates option
Northern Dynasty Minerals announces that Northern Dynasty and Liberty Star Uranium & Metals have reached agreement to settle the loan owing by Liberty Star to Northern Dynasty in the principal amount of $3.73M plus interest, in consideration for the transfer by Liberty Star to a U.S. subsidiary of Northern Dynasty of 199 Alaska mineral claims, totalling 30,640 acres, that are located north of the Pebble Project. As part of the loan settlement agreement, all other agreements and negotiations between the parties have been terminated, including negotiations relating to an option for Northern Dynasty to acquire 60% of Liberty Star's Big Chunk mineral claims located in Alaska.
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July 18, 2014
17:10 EDTNAKNorthern Dynasty responds to EPA proposal for Alaska's Pebble Project
Northern Dynasty responded to the EPA proposal for Alaska's Pebble Project in a statement. The company said, "While today's announcement from the U.S. EPA Region 10 is only a proposal at this time, we note the agency is seemingly moving away from pre-emptively vetoing the Pebble Project in favor of imposing specific conditions on future development. That said, we do not accept that EPA has the statutory authority to impose conditions on development at Pebble, or any development project anywhere in Alaska or the U.S., prior to the submission of a detailed development plan and its thorough review by federal and state agencies including review under the National Environmental Policy Act. Moreover, EPA's attempt to pre-emptively impose conditions on future development at Pebble in the absence of completing an Environmental Impact Statement, as is required of every major development project in the U.S., is causing significant and even critical harm to our business interests and our abilities to fairly advance our project. For this reason, we fully intend to continue our litigation against EPA in order to halt the pre-emptive and unprecedented regulatory process under Section 404c of the Clean Water Act, and invalidate the conditions proposed by EPA Region 10...The Pebble Partnership is committed to working with EPA and other federal and state regulatory agencies during the permitting process for the Pebble Project to ensure that adequate protections exist for clean water, healthy fisheries and other important natural resources, and that the 'spirit' of EPA's proposed conditions are fulfilled."

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