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Written by SmallCapPower Staff
Shares of Northern Dynasty Minerals Ltd. (TSX:NDM), which explores one of the world’s largest copper-gold resource at its Pebble project in Alaska, have been seen in a more favourable light recently on positive developments related to the settlement with the EPA.
Northern Dynasty Minerals – 1 Year Chart
Investment Thesis
Legal settlement with EPA clears obstacles for Pebble mine development
After nearly a decade of litigations with regulators, Northern Dynasty Minerals announced on May 12 2017, that it reached a settlement agreement with the U.S. EPA that allows the Pebble Project to proceed into normal course permitting under the CWA and National Environmental Policy Act.
On July 11, 2017, consequent to the settlement agreement, the EPA began a process to withdraw a Proposed Determination it issued under the Clean Water Act in 2014, which paves the way for the normal development of the large copper and gold Pebble Project.
