Northern Dynasty Provides Update on EPA Discussions
7:09 PM ET 3/20/17 | PR Newswire
Files Joint Motion with EPA to Extend Stay of Proceedings to May 4, 2017
Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership ("Pebble Partnership" or "PLP") and the US Environmental Protection Agency ("EPA") have filed a Joint Motion in federal court to extend a stay of proceedings in ongoing litigation under the Federal Advisory Committee Act ("FACA") to May 4, 2017 in the interest of resolving the matter.
The Company has made substantial progress in recent discussions with the EPA and intends to continue negotiating the matter directly, rather than through mediation. Government representatives are actively engaged in these discussions and, along with the Pebble Partnership, are focused on achieving a resolution that will be agreeable to both parties. In the meantime, the Court's Preliminary Injunction of November 25, 2014, will remain in effect for the duration of any stay.
"Active discussions between all parties involved have been positive and very constructive," said Tom Collier, CEO of the Pebble Partnership. "We remain confident in achieving a prompt and fair resolution that follows the rule of law, supports the interests of the parties involved and allows the Pebble Project to move into a normal course permitting process."
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.
Ronald W. ThiessenPresident & CEO
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