Northern Dynasty Receives Approval for Pebble Project Land Use Permit

Northern Dynasty Minerals Ltd. (TSX:NDM,NYSEMKT:NAK) announced that Pebble Limited Partnership, its US subsidiary, has received notice of approval of a Miscellaneous Land Use Permit for its ongoing activities at the Alaska-based Pebble project.
The permit is from the Alaska Department of Natural Resources. Pebble is a copper-gold-molybdenum-silver deposit, and Northern Dynasty describes it as “one of the greatest stores of mineral wealth ever discovered.”
As quoted in the press release:

The Pebble Partnership is in the process of reviewing in detail the state land use permit received today. However, Collier confirmed Pebble will be advancing a program of work in Alaska in 2017 to prepare the project to initiate permitting under the Clean Water Act and National Environmental Policy Act.
Given the extensive work undertaken at the Pebble Project over the past decade or more, and anticipated future activity, the 2017 MLUP includes a requirement for a performance guaranty in the amount of $2 million related to any potential reclamation liability.

Tom Collier, CEO of the Pebble Limited Partnership, commented:

The Alaska Department of Natural Resources and other state agencies have had an active oversight presence at the Pebble Project site for more than a decade, and have confirmed that Pebble is a well-managed exploration project. We will continue our site operations in 2017 in full compliance with the State’s permit conditions, and in a manner that protects the broader public interest in the lands and resources surrounding the Pebble property.

Click here to read the full Northern Dynasty Minerals Ltd. (TSX:NDM,NYSEMKT:NAK) press release.