Northern Dynasty: Pebble Partnership Concludes Summer Work Program and Comments on Wildfire Situation in Alaska

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") reports that its 100%-owned U.S-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") has concluded its 2022 summer work program

The six-week helicopter supported program began in mid-May and featured a five-person field team. The main activities of the work program included site care and maintenance and inspection and permanent closure of select drill holes where the collection of baseline hydrology data for the site has been completed.

All field crew members and PLP's onsite field supervisor are residents of the nearby communities of Kokhanok, Iliamna, and Newhalen. Work was conducted with support from the Alaska Peninsula Corporation and Iliamna Development Corporation.

"I want to thank our work crew who completed our summer work program as scheduled," said John Shively, CEO of the Pebble Partnership. "Their reclamation work is exemplary."

"I also want to express our appreciation to the brave men and women who are battling these record-breaking wildfires around our state and who did their best to protect our property. We have made a preliminary assessment of the damage and are in the process of implementing a cleanup plan," Mr. Shively added.

The team plans to begin, as soon as possible, a cleanup program of the logistical storage site, located 17 miles from the community of Iliamna which was damaged by the wildfires burning in southwest Alaska. This site is used to store equipment and material. It was empty of personnel at the time of the wildfire.

Alaska has suffered record-breaking wildfires this year, caused by lightning strikes and hot, dry conditions, with more acreage burned faster than any other year on record.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and U.S. public filings at www.sec.gov.

Ronald W. Thiessen
President & CEO

U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897

SOURCE: Northern Dynasty Minerals Ltd.



View source version on accesswire.com:
https://www.accesswire.com/708229/Northern-Dynasty-Pebble-Partnership-Concludes-Summer-Work-Program-and-Comments-on-Wildfire-Situation-in-Alaska

News Provided by ACCESSWIRE via QuoteMedia

NDM:CA,NAK
Lithium Africa

Lithium Africa Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Lithium Africa

Lithium Africa

Keep reading...Show less

Searching for low-cost, marquee hardrock in Africa

"Mine closed" sign with a yellow hard hat on textured blue wall.

Ivanhoe, Zijin Halt Operations at Kakula Copper Mine in DRC

Operations at Ivanhoe Mines' (TSX:IVN,OTCQX:IVPAF) Kakula mine in the Democratic Republic of the Congo (DRC) remain suspended after seismic activity was reported at the site.

Ivanhoe initially disclosed the interruption on May 20, when seismic activity was first detected, but extended the temporary shutdown on Monday (May 26) following several days of ongoing seismic events.

Employees working in the mine have been safely brought above ground, and mobile equipment has been removed.

Keep reading...Show less
Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF ) ("Finlay" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the " Private Placement ") consisting of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a " FT Share ") at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a " NFT Unit ") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,000,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Cygnus Metals (TSXV:CYG)

Cygnus Metals


Keep reading...Show less
Copper Outlook: World Edition

Copper Outlook: World Edition

Copper Outlook: World Edition

Thank you for requesting our exclusive Investor Report!

This forward-thinking document will arm you with the insights needed to make well-informed decisions for 2025 and beyond.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces £4.5m Subscription by Institutional Investors

£4.5 million Subscription by Institutional Investors, Advancing Development of the Pitfield Titanium Project

Empire Metals Limited (LON:EEE)(OTCQB:EPMLF), the AIM-quoted and OTCQB-traded resource exploration and development company, is pleased to announce that is has raised £4.5 million by way of a subscription of 47,368,423 new ordinary shares of no par value in the capital of the Company at 9.5p (the 'Subscription Shares') to existing and new institutional shareholders (the 'Subscription').

Keep reading...Show less
Copper nuggets piled in front of a fluctuating stock chart.

After US$1.5 Billion Gold Payday, Chinese Billionaire Pivots to Copper for Energy Play

A reclusive Chinese tycoon has gained attention by once again defying the tide — this time shifting from gold to copper in a massive, calculated bet that's reportedly worth nearly US$1 billion.

Bian Ximing, a soft-spoken plastics billionaire, has emerged as China’s biggest copper bull. Through his brokerage firm Zhongcai Futures, he now holds the largest net long position in copper futures on the Shanghai Futures Exchange.

According to bourse data uncovered by Bloomberg and individuals familiar with the matter, Bian's stake — comprising nearly 90,000 metric tons worth of copper futures — is unmatched in China’s commodities market.

Keep reading...Show less
Lithium Africa

Lithium Africa Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×