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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.
News For NAK From The Last 14 Days
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September 28, 2014
13:30 EDTNAKNorthern Dynasty says court defers ruling on EPA statutory authority
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September 24, 2014
17:03 EDTNAKNorthern Dynasty say EPA to stay Section 404(c) regulatory process pending court
Northern Dynasty reports that U.S. federal court in Alaska released an order recognizing that U.S. Environmental Protection Agency, or EPA, has agreed not to take the next step to advance its Clean Water Act Section 404(c) regulatory process with respect to southwest Alaska's Pebble Project until at least January 2, 2015. Pebble Limited Partnership has two cases of pending litigation in U.S federal court with respect to EPA action. The first, for which the State of Alaska is co-plaintiff, challenges EPA's statutory authority to pre-emptively impose development restrictions on Pebble prior to the submission of a proposed development plan for review by federal and state regulatory agencies. The second charges that EPA has not complied with the Federal Advisory Committee Act, or FACA, and the Administrative Procedure Act, or APA, in preparing the Bristol Bay Assessment study, upon which the Section 404(c) regulatory process is largely based. The purpose of EPA's agreement is to ensure that both parties in Pebble's FACA litigation have sufficient time to brief the court, and for the court to decide on the Pebble Partnership's preliminary injunction motion before EPA takes the next step to advance its regulatory process. The order applies to the FACA case and also states that, should the federal court not issue a decision on the Pebble Partnership's preliminary injunction motion prior to January 2, 2015, parties to the litigation will work together in good faith to negotiate an extension to the stay. Unrelated to the U.S. federal court order released today, the public comment period for EPA Region 10's 'Proposed Determination' with respect to Alaska's Pebble Project closed September 19.

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