Class Action Filed on Behalf of Investors of Northern Dynasty Minerals Ltd - NAK Shareholders Who Have Suffered Losses Greater Than $250,000 Encouraged to Contact Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") ( NYSE: NAK ) to determine whether the Company engaged in securities fraud or other unlawful business practices.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF NORTHERN DYNASTY MINERALS BETWEEN DECEMBER 21, 2017 AND NOVEMBER 25, 2020, BOTH DATES INCLUSIVE (THE "CLASS PERIOD") , AND SUFFERED LOSSES GREATER THAN $ 2 5 0,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM'S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, BUSINESS DEVELOPMENT, (215) 792-6676, EXT. 802, KCAULEY@KEHOELAWFIRM.COM , SECURITIES@KEHOELAWFIRM.COM , TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

On December 4, 2020, a class action lawsuit was filed against Northern Dynasty in United States District Court, Eastern District of New York.

According to class action complaint, throughout the Class Period, the Northern Dynasty defendants made false and/or misleading statements and/or failed to disclose that the Company's Pebble Project was contrary to Clean Water Act guidelines and to the public interest; Northern Dynasty planned that the Pebble Project would be larger in duration and scope than conveyed to the public; (3) as a result, the Company's permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers; and (4) as a result, the Northern Dynasty Defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit alleges that investors suffered damages.

On November 25, 2020, Northern Dynasty stated that ". . . its 100%-owned, US-based subsidiary Pebble Limited Partnership . . . received formal notification from the US Army Corps of Engineers . . . that its application for permits under the Clean Water Act and other federal statutes has been denied. The lead federal regulator found Pebble's ‘compensatory mitigation plan' as submitted earlier this month to be ‘non-compliant', and that the project is ‘not in the public interest'."

On this news, Northern Dynasty's stock price fell $0.40 per share, or 50%, to close at $0.40 per share on November 25, 2020.

Kehoe Law Firm, P.C. , with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.  Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

This press release may constitute attorney advertising.



Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Nine Mile Metals

Nine Mile samples up to 18.27% Cu at Wedge

NINE MILE METALS ANNOUNCES XRF HIGH-GRADE RESULTS UP TO 18.27% COPPER FROM THE UPCOMING DRILL AREA AT THE WEDGE PROJECT, BATHURST, NEW BRUNSWICK

Nine Mile Metals Ltd. has released XRF (X-ray fluorescence) results for volcanogenic massive sulphide (VMS) mineralization grab samples collected from the coming drill area on the Wedge VMS project in the world-famous Bathurst mining camp (BMC) in New Brunswick, Canada. Discovered in 1956, Cominco operated the Wedge mine between 1962 and 1968, producing 1.5 million tonnes of predominantly copper ore. At the time of closure (head pillar collapsed), only the upper portion of the deposit was mined. The expectation is that the lower 60 per cent plus remains untouched based upon recent drill testing and extends at depth with the 3-D modelling.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Appointment of Marketing Manager

Empire Metals Limited (LON:EEE), the AIM-quoted and OTCQX-traded resource exploration and development company, is pleased to announce the appointment of a Marketing Manager, a key role which, along with Empire's partnership with titanium marketing experts, TiPMC Consulting, strengthens the in-house marketing and product development team and supports the rapid advancement of the Pitfield Titanium Project ("Pitfield" or the "Project") in Western Australia.

Key Points

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Director/PDMR Shareholding

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF),the AIM-quoted resource exploration and development company, announces that it was notified today that Mr Shaun Bunn, Managing Director, purchased 40,000 ordinary shares of no par value in the share capital of the Company ("Ordinary Shares") at a price of 36.25 pence each.

Following this purchase, Mr Bunn's total beneficial ownership in the Company is 2,251,111 Ordinary Shares representing 0.32% of the Company's issued share capital.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Company Update

The Board of Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the resource exploration and development company, would like to respond to recent sharp decline in the Company's share price and would like to clarify that there has been no material change to the Company's operational or financial position to account for this movement. The Board remains confident in the Company's strategy, the progress being made at the Pitfield Titanium Project and the long-term value proposition for shareholders.

Empire continues to advance technical and commercial workstreams to unlock the Project's full potential and will update the market in due course on further developments. The Company is well funded to achieve upcoming milestones, underpinned by £4.5m fundraising in Q2 2025 and as at 30 June 2025 the Company's cash position was £6.3m.

Keep reading...Show less
High-Grade Copper-Gold Extensions at Nugent

High-Grade Copper-Gold Extensions at Nugent

Hillgrove Resources Limited (Hillgrove) (ASX:HGO) is pleased to provide the following drilling update from the Kanmantoo Copper Mine. The Nugent drilling program from the 1010 Diamond Drill Site and the 1040 Nugent Drill Site has been completed and delivered excellent results which improve the understanding of the Nugent orebody in preparation for first production. These results have increased the Gold endowment and improved knowledge of the Copper-Gold distribution.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Director/PDMR Shareholding

Empire Metals Limited / LON:EEE / Sector: Natural Resources - Empire Metals Limited ("Empire" or the "Company")

Director Dealing

Keep reading...Show less

Latest Press Releases

Related News