Northern Dynasty extends losses as it seeks court resolution on Pebble project veto

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Drill at Pebble project site. Credit: Northern Dynasty Minerals Ltd.

Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) says it has filed a motion in Alaska’s federal district court seeking a summary judgment briefing schedule with respect to its pending litigation over the veto of its flagship mine project during the Biden Administration.

For more than two decades, the Vancouver-based miner has been looking to develop its Pebble project, touted as one of the world’s largest copper-gold-molybdenum resources. However, the proposed mine has faced stern local opposition and undergone a protracted period of review due to its location near the Bristol Bay watershed, where some of the world’s largest sockeye salmon fisheries reside.

In January 2023, the US Environmental Protection Agency used its Clean Water Act authority to block the company’s Alaskan subsidiary from storing mine waste in the area,…

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