MINING REFINING

Northern Dynasty Minerals shares surge on EPA settlement talks

Fri July 04 2025

Northern Dynasty Minerals (TSE:NDM) shares surged almost 20% after the Vancouver-based exploration and development company announced that it is exploring a potential settlement with the US Environmental Protection Agency (EPA) regarding its Pebble project in Alaska. 

Northern Dynasty and its subsidiary Pebble Limited Partnership are currently in talks with the EPA to explore a potential settlement that could lead to the withdrawal of a previous veto blocking the project.

The EPA has requested additional information to assist in reconsidering its decision, and the company expects an agreement on the submission details soon.

“We are pleased to be in discussions with the EPA, because we see this as the fastest path forward for withdrawal of the veto,” Northern Dynasty Minerals CEO Ron Thiessen said in a statement.

The Pebble project is a large, undeveloped copper-gold-molybdenum-silver deposit.

“A decision to withdraw this egregious and unsubstantiated veto would help the US 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,” Thiessen said.

“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.”

Shares of Northern Dynasty Minerals added 19.8% at C$2.30 late morning on Friday in Toronto.

Source: https://www.proactiveinvestors.com/