Pebble Partnership Completes Summer Work Program at Pebble Project in Southwest Alaska

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VANCOUVER, BC / ACCESSWIRE / October 4, 2021 / Northern Dynasty Minerals Ltd. (TSX: NDM) (NYSE American: NAK) (“Northern Dynasty” or the “Company”) announces that its 100% US-based Pebble Limited Partnership (“Pebble Partnership”) and its Native Corporation partners have the summer work program completed at the Pebble Project in Southwest Alaska.

The focal points of the 2021 program were:

  • Continuation of selected environmental baseline studies;
  • Care and maintenance of the site, including the site of the Pebble project and other facilities in Iliamna and the region;
  • Demobilization and removal of equipment and devices that are no longer required;
  • Inspection, containment and permanent closure of selected boreholes and surveillance wells to ensure compliance with Alaska State regulations and licensing requirements;
  • Assistance and data collection for the United States Geological Survey’s water level monitoring program on the South and North Fork Koktuli Rivers; and,
  • Assistance with site visits.

“Our commitment to green work while providing much-needed economic incentives and employment in this region of southwest Alaska remains steadfast,” said Ron Thiessen, President and CEO of Northern Dynasty. “I’m happy to report that the team worked safely and made sure that the goals for the summer field season were achieved.”

The Pebble partnership continues to place great emphasis on local procurement and local employment. The 2021 Field Program was conducted by facilities owned by Alaska Native Village Corporations in Iliamna, Alaska (most of which are contracted / infrastructure partners) and employing residents and shareholders of the Alaska Native Corporation. The team consisted of four full-time employees from Pebble Partnership and seven part-time employees from the local community.

“There is very little economically in this part of the country and we are happy to have made a positive contribution,” Thiessen continued. “This program is just a drop in the bucket of possibility. We continue to believe that a mine here can operate in an environmentally sustainable manner and create significant economic benefits for the people in the region through employment, service contracts and partnerships. ” Taxes and in the US by supplying much-needed copper and other metals to meet the clean energy transition goals. We look forward to the day when these significant benefits will be realized. “

“I read an article with interest (see https://www.adn.com/business-economy/2021/09/30/alaska-native-corporations-slowly-approach-shared-revenue-cliff/), which related to the declining future Alaska Native Claims Settlement Act 7i revenue for Native Corps, including Native Corporations in the Bristol Bay area, where Pebble is located. Pebble’s development and involvement of the local Native Village Corps in that development, operations, annual right of way payments, and revenue sharing at both the Native Village Corps level and individuals in the area could help make up for these 7i losses and more, “says Thiessen.

About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s primary asset, owned by its wholly owned U.S. subsidiary Pebble Limited Partnership in Alaska, is a 100% interest in a contiguous block of 2,402 mineral claims in Southwest Alaska, including the Pebble deposit, the 200 Miles from Anchorage and 125 miles away from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the most important mineral resources in the world.

For more information on Northern Dynasty and the Pebble Project, please visit the company’s website at www.northerndynastyminerals.com or contact Investor Services at (604) 684-6365 or in North America at 1-800-667-2114. Check the Canadian public filings at www.sedar.com and the US public filings at www.sec.gov.

Ronald W. Thiessen
President and CEO

US media contact:
Dan Gagnier, Gagnier Communication (646) 569-5897

Forward-looking information and other warning factors
This press release contains certain statements that may qualify as “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 and under applicable Canadian securities laws. All statements in this press release, other than historical facts, regarding the approval, development and production for the Pebble Project are forward-looking statements. This includes statements on (i) the mine plan for the Pebble Project, (ii) the social integration of the Pebble Project in the Bristol Bay area and benefits for Alaska, (iii) political and public support for the permit process, (iv) the ability to successfully appeal the negative decision record and ensure the issuance of a positive decision record by the US Army Corps of Engineers; and the ability of the Pebble Project to obtain all required state and state approvals; (v) the right – sizing and risk mitigation of the Pebble Project, (vi) the design and operating parameters for the Pebble Project’s mine plan, including projected capital and operating costs, (vii) the exploration potential of the Pebble Project, (viii) future demand for copper and gold, (ix) the potential inclusion of partners in the Pebble project, (x) the proposed determination process ess of the EPA under the CWA and the impact of this process on the Pebble Partnership’s ability to develop the Pebble Project and d (xi) the ability and timeline of NDM to develop the Pebble Project. While NDM believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should in no way be construed as guarantees that the Pebble Project will receive all regulatory approvals required to ensure the Pebble Project’s economic feasibility Reach necessary funding or develop the Pebble project.

Forward-looking statements are necessarily based on a number of factors and assumptions that, although believed to be reasonable by NDM at the time of writing, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The assumptions that NDM uses to develop forward-looking statements include the assumption that (i) the Pebble Project will promptly receive all required environmental and other permits, land use and other licenses, (ii) any feasibility studies that 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 into mineral reserves; (iv) NDM will be able to demonstrate the commercial feasibility of the Pebble Project, (v) NDM will be able to secure the funding necessary to develop the Pebble Project, and (vi) any action taken by the EPA in relation to the proposed provision will ultimately not be limiting or limiting Prohibition of the development of the Pebble project lead. The likelihood of future mining at the Pebble Project is subject to a variety of risks and requires the achievement of a number of technical, economic and legal objectives, including (i) obtaining the necessary mining and construction permits, licenses and permits, including without delay due to the Third party opposition or changes in government policy, (ii) Completion of the mine plan for the Pebble Project, (iii) Completion of feasibility studies demonstrating that all mineral resources of the Pebble Project can be economically mined, (iv) Completion of all necessary engineering Mining and processing facility services; (v) NDM’s ability to attract a partner to develop the Pebble Project; and (vi) obtaining significant additional funding from NDM to fund these objectives as well as mine construction, its funding NDM may not be t is available on acceptable terms or not at all. In addition, NDM is subject to the specific risks of the mining business as well as the general economic and business conditions, such as the current uncertainties regarding COVID-19. Investors should also consider the risk factors contained in its Annual Information Form for the year ended December 31, 2020 as filed on SEDAR and in the Company’s Annual Report on Form 40-F filed by the Company with the SEC on EDGAR , have been identified.

The Environmental Impact Statement process under the National Environment Policy Act requires a comprehensive “alternative assessment” to take into account a wide range of development alternatives.

For more information about the company, investors should see the company’s filings with the United States Securities and Exchange Commission at www.sec.gov and the home jurisdiction filings that are available at www.sedar.com.

SOURCE: Northern Dynasty Minerals Ltd.

View source version on accesswire.com:
https://www.accesswire.com/666591/Northern-Dynasty-Pebble-Partnership-Completes-Summer-Work-Program-at-Southwest-Alaskas-Pebble-Project


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