Northern Dynasty Announces Delay on Proposed Transaction with First Quantum

Northern Dynasty Minerals (TSX:NDM,NYSE:NAK) has announced that it has agreed to extend the deadline date of the framework agreement with First Quantum Minerals (TSX:FM) on the Pebble copper project to May 31, 2018.

As quoted in the press release:

“The entry by First Quantum into the option agreement is contingent upon the completion of due diligence, necessary regulatory approvals being obtained and the successful negotiation of the final form of the option agreement and associated commercial agreements. Investors are cautioned there is no assurance that a transaction will be entered into at the end of the process.”

Click here to view the full Northern Dynasty Minerals (TSX:NDM,NYSE:NAK) press release.