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Stock impact report

Northern Dynasty Files Two Separate Actions: Seeking to Vacate EPA's Illegal Veto and a Takings Case [Yahoo! Finance]

Northern Dynasty Minerals, Ltd. (NAK) 
Company Research Source: Yahoo! Finance
100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") is filing two separate actions in the federal courts challenging the federal government's actions to prevent the companies from building a mine at the Pebble Project. Action Seeks to overturn EPA's illegal veto One action, in Federal District Court in Alaska, seeks to vacate the Environmental Protection Agency's (" EPA ") veto of a development at Pebble. This is the main focus of our legal actions. We are confident that the court will vacate the EPA veto and allow permitting of the Pebble project to resume because, as we have previously stated, the veto violated the law and was arbitrary and capricious. The complaint in this action alleges, among many other points, the veto was issued in violation of various federal statutes regarding Alaska's statehood rights and a land exchange approved by Congress; it was based on an overly broad legal interpretation of EPA's jurisdiction which has since Show less Read more
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