Northern Dynasty Minerals Ltd (NDMWF) owns 100 percent of the Pebble Project that’s focused on copper-gold-molybdenum-silver deposits. The State of Alaska secured land including what is now Pebble, explicitly for its mineral potential. The Pebble deposit’s current resource estimate includes 6.44 billion tonnes in the measured and indicated categories containing 57 billion lb. copper, 70 million oz. gold, 3.4 billion lb. molybdenum and 344 million oz. silver; and 4.46 billion tonnes in the inferred category, containing 24.5 billion lb. copper, 37 million oz. gold, 2.2 billion lb. molybdenum and 170 million oz. silver. Quantities of palladium and rhenium also occur in the deposit.
About Northern Dynasty Minerals Ltd.(NDMWF)
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.
Ronald W. Thiessen
President & CEO
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Northern Dynasty Announces Closing of US$37.444 Million Bought Deal Offering
PR NEWSWIRE 10:33 AM ET 1/26/2017
Symbol Last Price Change
NDMWF 2.5089 0 (0%)
QUOTES AS OF 02:17:44 PM ET 01/26/2017
VANCOUVER , Jan. 26, 2017 /PRNewswire/ – Northern Dynasty Minerals Ltd.(NDMWF) (“Northern Dynasty” or the “Company”) is pleased to report that it has closed its previously announced bought deal offering, including the exercise in full of the Underwriters’ over-allotment option (the “Offering”). A total of 20.24 million common shares of the Company were sold at a price of US$1.85 per share for gross proceeds of US$37.444 million. The Offering was completed pursuant to an underwriting agreement dated January 12, 2017 among the Company and Cantor Fitzgerald Canada Corporation, TD Securities Inc. and BMO Capital Markets, as co-lead underwriters and joint bookrunners, and Canaccord Genuity Corp., CIBC World Markets Inc. and Haywood Securities Inc., as co-managers (collectively, the “Underwriters”). The Company paid a 5% commission to the Underwriters.
The proceeds of the Offering are anticipated to be used by the Company for (i) advancement of the Company’s multi-dimensional strategy to address the pre-emptive regulatory action of the U.S. Environmental Protection Agency under Section 404 (c) of the Clean Water Act; (ii) preparation of the Pebble Project for the initiation of federal and state permitting under the U.S. National Environmental Policy Act; (iii) environmental monitoring, engineering and environmental studies, field investigations and related technical studies to finalize a proposed development plan for the Pebble Project, (iv) enhanced outreach and engagement with political and regulatory offices in the Alaska state and U.S. federal government and among Alaska Native partners and broader regional and state-wide stakeholder groups, (v) Alaskan corporate, tenure and site maintenance, (vi) general corporate purposes, and (vii) working capital requirements.
The Offering was completed by way of a prospectus filed in all of the provinces of Canada, other than Québec, and was offered in the United States pursuant to a prospectus filed as part of an effective registration statement on Form F-10 filed with the United States Securities and Exchange Commission under the Canada/U.S. multi-jurisdictional disclosure system. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus or the registration statement.
About Northern Dynasty Minerals Ltd.(NDMWF)
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.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other Cautionary Factors
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as “forward-looking information”). The use of any of the words “expect”, “plan”, “update” and similar expressions are intended to identify forward-looking information or statements. These statements include expectations about the use of net proceeds of the Offering, the success of the Company’s multi-dimensional strategy to address the pre-emptive action of the EPA, the ability of the Company to proceed with permit applications for the development of the Pebble Project and the ability of the Company to obtain the necessary federal and state permits for the development of the Pebble Project. Though the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory approval. For more information on the Company, and the risks and uncertainties connected with its business, Investors should review the Company’s home jurisdiction filings at http://www.sedar.com and its filings with the United States Securities and Exchange Commission at http://www.sec.gov.
SOURCE Northern Dynasty Minerals Ltd.(NDMWF)
President Trump issues EPA media blackout. 1/28/17. mmmm!
Is there any evidence that the enormous resources at Northern Dynasty can be extracted profitably ?
Are there any NI-043 compliant proven or probable reserves ?
Are there any permits ?
I understand that as an exploration and development speculation, NAK could be very good.
I hope NAK longs make money on it.
But personally I am not interested in paying a premium for a highly promoted exploration speculation that has no evidence of economic viability, no permits, and depends on American politics.
I have what I consider a superior speculation in this category. It is SA, Seabridge Gold.
Huge reserves, fully permitted in Canada, in a proven mining zone, no native Indian problems, and higher grades than NAK.
$NAK Northern Dynasty No position…. $SA long conviction pick
NAK $3.00 close 1/27/17 +0.05+, TSX-NDM $3.92 close 1/27/17 +0.06
Hi thinairmony, your response does not answer my question.
The current stock price is not evidence of an economical deposit.
“Mineral resources” are not necessarily economically viable.
Permits take a long time to get approved, and NAK has none that I know of.
Interesting . . . I will follow your ‘super speculation’ advice. Let’s stay in contact in case you are spot on – so that I may heartly thank you then . .
Not for sure but I think there’s a chance. Dynasty Minerals’ Stock Continues to Surge Thanks to Trump Blessing
Northern Dynasty’s CEO said the comapny is likely to see its Pebble project get the green light now that President Trump is in charge.
Tyler Crowe (TMFDirtyBird) Jan 24, 2017 at 11:09PM
There is a lot of opposition to the development of Pebble in Alaska. I am not sure what the source is for a “green light” but I will caution you against taking this at face value.
NORTHERN DYNASTY MINERALS LTD. : http://www.northerndynastyminerals.com/ : QwikReport