Anti-Pebble Ballot Measure 1 goes down to
defeat
VANCOUVER, Nov. 7, 2018
/PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT:
NAK) ("Northern Dynasty" or the "Company") reports that with 98% of
precincts reporting, Alaska voters
in a November 6, 2018 state-wide
election have elected a new Governor, Republican Mike Dunleavy.
A former State Senator, Governor-elect Dunleavy is a strong
proponent of encouraging investment and responsible development of
the state's natural resources to address the significant fiscal and
economic challenges facing Alaska.
In electing Dunleavy, Alaska
voters rejected the candidacy of a Democratic challenger who
opposed development of the Pebble Project.
Dunleavy has stated that permitting decisions about resource
development proposals in Alaska,
including the Pebble Project, should be based on objective science
and comprehensive reviews led by expert state and federal
regulatory agencies.
In the key US Congressional House Representative election,
incumbent Republican Don Young was
the winner.
Alaska voters on November 6 also rejected Ballot Measure 1, known
as the Stand For Salmon initiative, which would have fundamentally
re-written the state's regulatory framework and habitat protections
for anadramous fish, and was positioned by its supporters as a vote
against the Pebble Project.
The anti-resource development initiative was opposed by a broad
coalition of Alaskans who coalesced behind the Stand for
Alaska campaign to defeat Ballot
Measure 1, including resource companies and other business
interests, community and political leaders, individuals, and a
majority of Alaska Native regional corporations. With 98% of
precincts reporting, more than 60% of Alaska voters had cast ballots in opposition
to Ballot Measure 1.
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 US
subsidiary Pebble Limited Partnership and other wholly-owned
subsidiaries, is a 100% interest in a contiguous block of 2,402
mineral claims in southwest Alaska, including the Pebble deposit. 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 US public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other
Cautionary Factors
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the Company expects are forward-looking statements. Although the
Company believes the expectations expressed in its forward-looking
statements are based on reasonable assumptions, such statements
should not be in any way construed as guarantees of the ultimate
size, quality or commercial feasibility of the Pebble Project or of
the Company's future performance or the outcome of litigation.
Assumptions used by the Company to develop forward-looking
statements include the following: the Pebble Project will obtain
all required environmental and other permits and all land use and
other licenses, studies and development of the Pebble Project will
continue to be positive, and no geological or technical problems
will occur. The likelihood of a partnering transaction is subject
to risks related to the satisfactory completion of due diligence
and negotiations, including finalization of definitive agreements
and fulfilment of conditions precedent therein, including receipt
of all necessary approvals. Such process may not be
successfully completed or completed on terms satisfactory to the
Company. The likelihood of future mining at the Pebble Project is
subject to a large number of risks and will require achievement of
a number of technical, economic and legal objectives, including
obtaining necessary mining and construction permits, approvals,
licenses and title on a timely basis and delays due to third party
opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, the final outcome of
any litigation, completion of pre-feasibility and final feasibility
studies, preparation of all necessary engineering for surface or
underground mining and processing facilities as well as receipt of
significant additional financing to fund these objectives as well
as funding mine construction. Such funding may not be available to
the Company on acceptable terms or on any terms at all. There is no
known ore at the Pebble Project and there is no assurance that the
mineralization at the Pebble Project will ever be classified as
ore. The need for compliance with extensive environmental and
socio-economic rules and practices and the requirement for the
Company to obtain government permitting can cause a delay or even
abandonment of a mineral project. The Company is also subject to
the specific risks inherent in the mining business as well as
general economic and business conditions. For more information on
the Company, Investors should review the Company's filings with the
United States Securities and Exchange Commission and its home
jurisdiction filings that are available at www.sedar.com
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SOURCE Northern Dynasty Minerals Ltd.