The Pebble mine has endured a decade-long fight spanning three US administrations. Credit: Northern Dynasty Metals
Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) says it is in talks with the Environmental Protection Agency (EPA) regarding a potential settlement of ongoing litigation concerning the company’s flagship Pebble project in Alaska. Its shares soared on the update.
In March, the Canadian mine developer filed two separate actions in federal courts to challenge the EPA’s role in blocking the proposed Pebble mine, which, once built, would be the largest copper, gold and molybdenum extraction site in North America.
In January 2023, the EPA dealt a fatal blow to the project by prohibiting Northern Dynasty’s Alaskan subsidiary from storing mine waste in the Bristol Bay watershed, where some of the world’s largest sockeye salmon fisheries reside. The agency argued that the mine waste could…
