Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) continues to be in range bound as the stock fell slightly on Wednesday.
Market Action
In the previous trading session, NAK stock was decreased by 0.88% to trade at $0.567. The stock saw lower than average volume with more than 9.21 million shares exchanged hands, compared to its average volume of 9.18 million shares.
Northern Dynasty: US Army Corps of Engineers finalizes Administrative Record for Pebble Project appeal
- reports that the US Army Corps of Engineers (“USACE”) has completed the ‘administrative record’ (“AR”) that will serve as the basis for its official review of the negative Record of Decision (“ROD”) issued for Alaska’s Pebble Project last fall
- The USACE completed the AR and provided a copy to Northern Dynasty’s 100%-owned, U.S.-based subsidiary Pebble Limited Partnership (“Pebble Partnership”) last week. The Pebble Partnership and its legal counsel are currently reviewing the voluminous record for completeness and relevance to the USACE’s permitting decision, and its sufficiency to support a fair, transparent and efficient review.
“While we have been and continue to be very concerned about the USACE’s schedule and timeline for advancing our administrative appeal of the Pebble permitting decision, we are pleased to pass this important milestone and look forward to completing our review of the AR,” said Northern Dynasty President & CEO Ron Thiessen. “Pebble is a high-profile project with significant public and stakeholder interest, and great import to the Alaska and U.S. economy. Accordingly, we fully expect the administrative record and the review process it supports to be robust, objective and fact-based, and to achieve the principles of regulatory fairness the USACE is sworn to uphold.”
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