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Stock Market & Financial Investment News

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May 12, 2014
09:16 EDTNAKLiberty Star signs final settment agreement regarding Big Chunk Property, Alaska
Liberty Star Uranium & Metals announced that a final settlement agreement and release of all claims has been signed by Liberty Star Uranium & Metals Corp. and Northern Dynasty Minerals Ltd, including its subsidiary/affiliate U-5 Resources Inc. According to the signed agreement, all of the terms of the Loan and Mining Claims Sale Agreement dated June 29, 2010 have been satisfied; Northern Dynasty releases the company from all claims. Accordingly, the final settlement agreement and release of all claims confirms that all obligations addressed in the November 13, 2012 loan settlement agreement, as amended on November 20, 2012, are extinguished.
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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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