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News Breaks
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.
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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