VANCOUVER, June 25, 2018 /CNW/ - Northern Dynasty Minerals
Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the
"Company") provides the following corporate update in advance of
its annual general meeting on June 28,
2018.
Significant progress on advancing the Pebble Project permitting
has been made in the past 13 months:
- The Pebble Limited Partnership ("PLP") secured a legal
settlement with the United States Environmental Protection Agency
in May 2017 enabling the Pebble
Project to enter normal course permitting;
- PLP filed its 404 wetlands permit application under the Clean
Water Act with the United States Army Corps of Engineers ("Corps")
on December 22, 2017, a small
footprint, no cyanide mine design;
- The Corps "receipted" PLP's 404 permit application as complete
on January 5, 2018;
- The Corps announced the appointment of AECOM – a leading global
engineering firm – as third-party contractor for the EIS process on
February 5, 2018;
- The Corps published guidelines and timelines for completing the
National Environmental Policy Act permitting, and the
associated EIS process, on March 19,
2018; and
- The Corps initiated the Scoping process of the EIS on
April 1, 2018.
As part of the EIS preparation process, the Corps will undertake
a comprehensive alternatives assessment and consider a broad range
of alternatives. Northern Dynasty continues to advance engineering
studies and has proposed some changes to the initial mine design in
the 404 permit application. Northern Dynasty cautions that the
current project description may not be the ultimate development
plan for the project and that a final project design has not been
selected.
Northern Dynasty remains committed to advancing a responsive
project design that coexists with a healthy fishery in Alaska; one that will provide substantial
economic benefits to Alaska and
all stakeholders and Northern Dynasty continues to seek to
re-partner the Pebble Project.
We would also like to announce that the Northern Dynasty will be
presenting at the John Tumazos Very Independent Research Conference
at 9:05 am EDT on June 27, 2018 (venue is the Greek Orthodox
Church, 20 Hillcrest Rd, Holmdel
NJ). This conference will be webcast and can be accessed at
http://www.wsw.com/webcast/vir17
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 US
subsidiary Pebble Limited Partnership and other wholly-owned
subsidiaries, is a 100% interest in a contiguous block of 2,402
mineral claims in southwest Alaska, including the Pebble deposit. 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.northerndynasty.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 US public filings at
www.sec.gov.
Ronald W. Thiessen
President & CEO
Forward Looking Information and Cautionary Factors
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the Company expects are forward-looking statements. Although the
Company believes the expectations expressed in its forward-looking
statements are based on reasonable assumptions, such statements
should not be in any way construed as guarantees of the ultimate
size, quality or commercial feasibility of the Pebble Project or of
the Company's future performance or the outcome of litigation.
Assumptions used by the Company to develop forward-looking
statements include the following: the Pebble Project will obtain
all required environmental and other permits and all land use and
other licenses, studies and development of the Pebble Project will
continue to be positive, and no geological or technical problems
will occur. 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
obtaining necessary mining and construction permits, approvals,
licenses and title on a timely basis and delays due to third party
opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, the final outcome of
any litigation, completion of pre-feasibility and final feasibility
studies, preparation of all necessary engineering for surface or
underground mining and processing facilities as well as receipt of
significant additional financing to fund these objectives as well
as funding mine construction. Such funding may not be available to
the Company on acceptable terms or on any terms at all. There is no
known ore at the Pebble Project and there is no assurance that the
mineralization at the Pebble Project will ever be classified as
ore. The need for compliance with extensive environmental and
socio-economic rules and practices and the requirement for the
Company to obtain government permitting can cause a delay or even
abandonment of a mineral project. The Company is also subject to
the specific risks inherent in the mining business as well as
general economic and business conditions.
The NEPA EIS 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 being advanced. As a result, the
Company 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
and its home jurisdiction filings that are available at
www.sedar.com.
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SOURCE Northern Dynasty Minerals Ltd.