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Stock impact report

Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto [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 ") have been advised by the US Army Corps of Engineers (" USACE ") that, after months of successive delays, the USACE has declined to engage in the remand process related to the November 25, 2020 denial of a permit application for the Pebble Project, citing the U.S. Environmental Protection Agency's (" EPA ") intervening veto of the development at Pebble. After the November 25, 2020, denial of the permit application for the Pebble Project, a separate division of the USACE remanded the denial decision back to the USACE Alaska District on April 25, 2023, after an administrative review found numerous errors with the denial decision. Today, after several requests for extensions, the USACE has announced that it has declined to engage in the remand process altogether. The USACE reasoning is due to the EPA veto, which effectively prevents them from altering their decision while that veto is in pla Show less Read more
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