NAK 9-DAY DEADLINE ALERT: Hagens Berman Alerts Northern Dynasty Minerals Investors to February 2nd Application Deadline in Securities Fraud Lawsuit and Encourages Investors with Losses to Contact the Firm

Hagens Berman urges Northern Dynasty Minerals Ltd. (NYSE: NAK) investors to submit their losses now. A securities fraud class action is pending before the U.S. District Court for the Eastern District of New York and certain investors may have valuable claims.

Class Period: Dec. 21, 2017 - Nov. 25, 2020

Lead Plaintiff Deadline: Feb. 2, 2021

Visit: www.hbsslaw.com/investor-fraud/NAK

Contact An Attorney Now: NAK@hbsslaw.com

844-916-0895

Northern Dynasty Minerals Ltd. (NYSE: NAK) Securities Fraud Class Action:

The lawsuit alleges Northern Dynasty and senior executives misled investors about the viability of the company's proposed Pebble Project, a large mining project in Alaska.

In past quarters, Northern Dynasty repeatedly touted its progress in obtaining the necessary permitting for the Pebble Project. The company and senior management also repeatedly assured investors that the Pebble Project design included a substantially reduced development footprint and meaningful new environmental safeguards and, as a result, would likely receive necessary permits from federal, state and local regulatory agencies.

Investors began to learn the truth through a series of partial disclosures beginning on Aug. 24, 2020, when the U.S. Army announced the Pebble Project would significantly degrade the environment, result in significant adverse effects on the aquatic system or human environment, and as proposed "cannot be permitted." This news sent the price of Northern Dynasty shares crashing lower.

On Sept. 21, 2020, the Environmental Investigation Agency released recordings of conversations between Northern Dynasty senior executives and EIA investigators revealing the company's plans to expand the Pebble Project mine operations from 20 years to 180 - 200 years and to expand it geographically.

Finally, on Nov. 25, 2020, Northern Dynasty announced the U.S. Army Corps. of Engineers rejected its Pebble Project permit application under the Clean Water Act, finding the project "is not in the public interest." This news drove the price of Northern Dynasty lower again.

"We're focused on, among other things, investor losses and proving that Northern Dynasty and its senior management intentionally misled investors and manipulated the permitting process to achieve personal compensation for having done so," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Northern Dynasty investor, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Northern Dynasty should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email NAK@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact: 
Reed Kathrein, 844-916-0895

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72687

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Empire Metals

Empire Metals Limited Announces Interim Results

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the resource exploration and development company, is pleased to announce its interim results for the six-month period ended 30 June 2025.

Highlights:

Keep reading...Show less
Canadian flag in front of stacked coins, black background.

Boliden Strikes C$20 Million Deal with Golden Sky for BC Copper Project

Boliden Mineral Canada, a subsidiary of Sweden’s Boliden AB (STO:BOL,OTC Pink:BDNNY), has entered into a definitive agreement with Golden Sky Minerals (TSXV:AUEN,OTC Pink:LCKYF) to spend up to C$20 million on exploration of the Rayfield copper-gold property in British Columbia.

The agreement grants Boliden the right to earn up to an 80 percent interest in Golden Sky’s wholly owned Rayfield project by funding staged expenditures and cash payments over six years.

Keep reading...Show less
Aerial view of desert landscape with two cars and industrial tanks surrounded by sparse greenery.

Low-impact, High-reward ISR Copper Extraction Gains Investment Momentum

In the delicate balancing act between meeting the rising global demand for critical minerals and ensuring environmental responsibility in resource extraction, processes and technologies that can achieve both aims are winning in the eyes of junior explorers and investors.

In copper mining, in-situ recovery (ISR) is emerging as a cost-efficient and lower-impact alternative to open-pit and underground mining. ISR is a mining method that extracts copper directly from orebodies without traditional excavation. Projects that are amenable to the ISR process, which involves injecting a leaching solution into the ground and recovering dissolved copper through wells, are attracting growing interest from miners and investors alike.

This shift comes as the global push for electrification accelerates copper demand across industries — from electric vehicles and solar power to grid expansion and data infrastructure. Traditional copper mines, often burdened by rising costs, deeper orebodies and environmental opposition, are struggling to meet this demand.

Keep reading...Show less
Electric Royalties (TSXV:ELEC)

Electric Royalties Reports Increase in Copper Royalty Revenues from Punitaqui and Provides Updates on Other Key Royalties

Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an update on its royalty portfolio.

Electric Royalties CEO Brendan Yurik commented: "We are pleased to announce the receipt of approximately C$210,000 in revenues since our December 2024 royalty acquisition on the Punitaqui Copper Mine in Chile, with the operator executing its plan to increase production in the coming months. As a result, we expect to see an increased pace of revenues from Punitaqui in the coming quarters.

Keep reading...Show less
Empire Metals

Empire Metals upgrades to OTCQX, enhancing accessibility for U.S. investors

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the resource exploration and development company, is pleased to announce that it has advanced to trade on the OTCQX® Best Market ("OTCQX"). The Company has upgraded to OTCQX from the OTCQB® Venture Market and will begin trading today on OTCQX under the symbol "EPMLF". U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

Empire Metals continues to gain momentum through ongoing achievements in drilling results, metallurgical advancements, and product development at the Pitfield Titanium Project. These accomplishments have led to an upgrade for Empire on to OTCQX.

Keep reading...Show less
Empire Metals

Empire Metals

Keep reading...Show less

Latest Press Releases

Related News

×