Northern Dynasty: Update on Negotiations with EPA
Northern Dynasty Minerals (NYSE:NAK) announced ongoing negotiations with the Environmental Protection Agency (EPA) regarding a potential settlement to reconsider the Pebble Mine veto. According to a July 3, 2025 EPA court filing, both parties are expected to reach an agreement within two weeks about additional information submissions, with a status report due on July 17, 2025.
CEO Ron Thiessen stated that discussions with the EPA represent the fastest path forward for withdrawal of the veto. The company emphasizes that removing the veto would support domestic supply of critical metals like copper for electrification and rhenium for military applications, while providing economic benefits for Alaska and the United States.
Northern Dynasty Minerals (NYSE:NAK) ha annunciato trattative in corso con l'Agenzia per la Protezione Ambientale (EPA) riguardo a un possibile accordo per riconsiderare il veto sulla miniera Pebble. Secondo un documento presentato in tribunale dall'EPA il 3 luglio 2025, entrambe le parti dovrebbero raggiungere un'intesa entro due settimane per la presentazione di ulteriori informazioni, con un rapporto di aggiornamento previsto per il 17 luglio 2025.
Il CEO Ron Thiessen ha dichiarato che le discussioni con l'EPA rappresentano la via pi霉 rapida per il ritiro del veto. L'azienda sottolinea che la rimozione del veto favorirebbe la fornitura nazionale di metalli critici come il rame per l'elettrificazione e il renio per applicazioni militari, oltre a portare benefici economici per l'Alaska e gli Stati Uniti.
Northern Dynasty Minerals (NYSE:NAK) anunci贸 negociaciones en curso con la Agencia de Protecci贸n Ambiental (EPA) sobre un posible acuerdo para reconsiderar el veto a la mina Pebble. Seg煤n una presentaci贸n judicial de la EPA del 3 de julio de 2025, se espera que ambas partes lleguen a un acuerdo en dos semanas sobre la entrega de informaci贸n adicional, con un informe de estado previsto para el 17 de julio de 2025.
El CEO Ron Thiessen declar贸 que las conversaciones con la EPA representan el camino m谩s r谩pido para retirar el veto. La compa帽铆a enfatiza que eliminar el veto apoyar铆a el suministro nacional de metales cr铆ticos como el cobre para la electrificaci贸n y el renio para aplicaciones militares, adem谩s de brindar beneficios econ贸micos para Alaska y Estados Unidos.
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CEO Ron Thiessen鞚� EPA鞕�鞚� 雲检潣臧� 瓯半秬甓� 觳犿殞毳� 鞙勴暅 臧�鞛� 牍犽ジ 氚╇矔鞚措澕瓿� 氚濏様鞀惦媹雼�. 須岇偓電� 瓯半秬甓� 觳犿殞臧� 鞝勱赴頇旍棎 頃勳殧頃� 甑Μ 氚� 甑办偓 鞖╇弰鞚� 霠堧妱瓿� 臧欖潃 欷戩殧 旮堨啀鞚� 甑偞 瓿店笁鞚� 歆�鞗愴晿瓿�, 鞎岆灅鞀れ勾鞕� 氙戈淡鞐� 瓴届牅鞝� 鞚挫澋鞚� 鞝滉车頃� 瓴冹瀯鞚� 臧曥“頄堨姷雼堧嫟.
Northern Dynasty Minerals (NYSE:NAK) a annonc茅 des n茅gociations en cours avec l'Agence de Protection de l'Environnement (EPA) concernant un 茅ventuel accord pour reconsid茅rer le veto sur la mine Pebble. Selon un d茅p么t judiciaire de l'EPA dat茅 du 3 juillet 2025, les deux parties devraient parvenir 脿 un accord dans les deux semaines concernant la soumission d'informations suppl茅mentaires, avec un rapport d'茅tape attendu le 17 juillet 2025.
Le PDG Ron Thiessen a d茅clar茅 que les discussions avec l'EPA repr茅sentent la voie la plus rapide pour lever le veto. L'entreprise souligne que la suppression du veto soutiendrait l'approvisionnement national en m茅taux critiques tels que le cuivre pour l'茅lectrification et le rh茅nium pour les applications militaires, tout en apportant des b茅n茅fices 茅conomiques 脿 l'Alaska et aux 脡tats-Unis.
Northern Dynasty Minerals (NYSE:NAK) gab bekannt, dass laufende Verhandlungen mit der Umweltschutzbeh枚rde (EPA) bez眉glich einer m枚glichen Einigung zur Neubewertung des Pebble-Minen-Vetos stattfinden. Laut einer EPA-Gerichtseinreichung vom 3. Juli 2025 wird erwartet, dass beide Parteien innerhalb von zwei Wochen eine Vereinbarung 眉ber die Einreichung zus盲tzlicher Informationen treffen, mit einem Statusbericht am 17. Juli 2025.
CEO Ron Thiessen erkl盲rte, dass die Gespr盲che mit der EPA der schnellste Weg zum R眉ckzug des Vetos seien. Das Unternehmen betont, dass die Aufhebung des Vetos die nationale Versorgung mit kritischen Metallen wie Kupfer f眉r die Elektrifizierung und Rhenium f眉r milit盲rische Anwendungen unterst眉tzen und wirtschaftliche Vorteile f眉r Alaska und die USA bringen w眉rde.
- Potential withdrawal of EPA veto through ongoing settlement negotiations
- Company in active discussions with EPA officials showing progress
- Possible expedited timeline with agreement expected within two weeks
- Final outcome of EPA negotiations remains uncertain
- Additional information submission requirements could delay process
- No guarantee of veto withdrawal despite ongoing talks
Insights
Northern Dynasty's negotiation with EPA about potentially withdrawing a regulatory veto could revive the controversial Pebble Mine project.
Northern Dynasty Minerals is in settlement negotiations with the EPA that could potentially lead to the withdrawal of a regulatory veto against the Pebble Mine project in Alaska. This represents a potentially significant development for the long-contested mining proposal. According to a July 3rd court filing, EPA officials are "actively considering" their previous decisions and are negotiating to explore a potential settlement with the Pebble Limited Partnership (PLP).
The discussions appear to be progressing, with both parties expecting to reach an agreement within two weeks regarding additional information PLP would submit to inform the EPA's reconsideration. As a result, they've requested a 14-day extension to the current court abeyance, with a status report due July 17.
This represents a potential turning point for the Pebble project, which has faced significant regulatory obstacles. The EPA's previous veto effectively blocked the development of what could be North America's largest copper and gold mine. Northern Dynasty's CEO frames the potential withdrawal as beneficial for domestic mineral security, specifically mentioning copper (critical for electrification) and rhenium (used in military applications).
However, this remains a preliminary negotiation stage. The EPA has only committed to considering additional information, not to actually withdrawing the veto. The outcome remains uncertain, but a positive resolution could significantly improve Northern Dynasty's prospects of advancing this major project after years of regulatory challenges.
VANCOUVER, BC / / July 4, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") and its
In the latest EPA court filing, dated July 3, 2025, the text includes "鈥�agency officials were briefed on the litigation and have been actively considering the agency decisions. Agency officials remain open to reconsideration, and defendants and PLP are negotiating to explore a potential settlement. Those discussions have addressed a potential further submission from PLP that would inform any agency reconsideration. Defendants and PLP currently expect to reach agreement within the next two weeks about what that submission would entail鈥�Accordingly, defendants and PLP respectfully request that the Court extend the abeyance for an additional 14 days, with a status report due on July 17, 2025鈥�"
"We are pleased to be in discussions with the EPA, because we see this as the fastest path forward for withdrawal of the veto. They have asked for additional information to assist in finalizing that decision," said Ron Thiessen, Northern Dynasty President and CEO. "A decision to withdraw this egregious and unsubstantiated veto would help the U.S. to secure a domestic supply of metals like copper, which is critical for the economy because of its fundamental use in electrification, and rhenium, which is a key component in several military applications. It also provides the opportunity for significant economic benefits over generations in this region of Alaska, the state and the country and would be consistent with the stated pledge of this administration to remove impediments to permitting."
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 U.S. subsidiary, Pebble Limited Partnership, is a
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Public filings, which include forward-looking information cautionary language and risk factor disclosure regarding the Company and the Pebble Project can be found in Canada at and in the United States at .
Ronald W. Thiessen
President & CEO
U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897
Forward-Looking Information and other Cautionary Factors
This document includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this document, other than statements of historical facts, which address permitting, including the withdrawal of the EPA veto and the development and production for the Pebble Project are forward-looking statements. Additional forward looking statements made by the Company under its continuous disclosure obligations include statements regarding (i) the development plan for the Pebble Project (ii) the right-sizing and de-risking of the Pebble Project, (iii) the design and operating parameters for the Pebble Project development plan, including projected capital and operating costs, (iv) the social integration of the Pebble Project into the Bristol Bay region and benefits for Alaska, (v) the political and public support for the permitting process, (vi) the ability of the Pebble Project to ultimately secure all required federal and state permits, (vii) the ability of the Company and/or the State of Alaska to challenge the Environmental Protection Agency's ("EPA's") Final Determination process under the Clean Water Act and ultimately the U.S. Army Corps of Engineers Record of Decision ("USACE ROD") through legal actions; (viii) exploration potential of the Pebble Project, (ix) future demand for copper, gold and other metals, (x) if permitting is ultimately secured, the ability to demonstrate the Pebble Project is ultimately commercially viable, and (xi) the potential addition of partners in the Pebble Project. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government permits or regarding the ability of NDM to develop the Pebble Project in light of the USACE ROD and its subsequent remand decision and the EPA's Final Determination, establish the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble Project.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by NDM as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Assumptions used by NDM to develop forward-looking statements include the assumptions that (i) the Pebble Project will obtain all required environmental and other permits and all land use and other licenses without undue delay, (ii) any feasibility studies prepared for the development of the Pebble Project will be positive, (iii) NDM's estimates of mineral resources will not change, and NDM will be successful in converting mineral resources to mineral reserves, (iv) NDM will be able to establish the commercial feasibility of the Pebble Project, and (v) NDM will be successful in its legal action against the EPA and the USACE and any action taken by the EPA in connection with the Final Determination will ultimately not be successful in restricting or prohibiting development of the Pebble Project.
In addition, 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 (i) the current development plan may not reflect the ultimate mine plan for the Pebble Project, (ii) obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to third party opposition or changes in government policies, (iii) finalization of the mine plan for the Pebble Project, (iv) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically mined, (v) completion of all necessary engineering for mining and processing facilities, (vi) the ability of NDM to secure a partner for the development of the Pebble Project, and (vi) receipt by NDM of significant additional financing to fund these objectives as well as funding mine construction. NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. Investors should also consider the risk factors identified in the Company's Annual Information Form for the year ended December 31, 2024, as filed on SEDAR+ () and included in its annual report on Form 40-F filed on EDGAR (), as well as the risk factors set out in the Company's subsequent public continuous disclosure filings available on SEDAR+ and EDGAR. For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at and its home jurisdiction filings that are available at .
The National Environment Policy Act Environmental Impact Statement 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 contemplated. As a result, the Company will continue to consider various development options and no final project design has been selected at this time.
SOURCE: Northern Dynasty Minerals Ltd.
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