VANCOUVER, Feb. 20, 2019 /PRNewswire/ - Northern Dynasty
Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or
the "Company") announces that the US Army Corps of Engineers (the
"Corps") has posted on its website the Draft Environmental Impact
Statement ("DEIS") for southwest Alaska's Pebble Project, as required under the
National Environmental Policy Act ("NEPA").
The US Army Corps of Engineers will facilitate a formal
consultation and public comment process with respect to the Pebble
Project DEIS this spring. Further information regarding the
EIS process can be found on the Corps' website at
www.pebbleprojecteis.com.
"Our preliminary review of the DEIS shows no major data gaps or
substantive impacts associated with a mine at the Pebble
site. We see no significant environmental challenges that
would preclude the project from getting a permit and believe this
shows Alaska stakeholders that
there is a clear path forward for this project," said Pebble
Limited Partnership ("Pebble Partnership") CEO Tom Collier. "I also commend the Corps for
their efficient, comprehensive and transparent management of the
process thus far."
"The DEIS is an important milestone and positive development for
the Pebble Project," said Ron
Thiessen, CEO of Northern Dynasty. "We want to express our
appreciation to the Army Corps of Engineers, the State of Alaska and all of the cooperating
agencies and communities."
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, is a 100% interest in a
contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. PLP 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 future events
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 are that the Pebble project will be evaluated based on
technical and scientific criteria free from undue political or
legal interference. 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. Northern Dynasty does not have
control over the contents of the USACE website and therefore
Northern Dynasty cannot either endorse the contents or assume
responsibility for the website's contents other than for
submissions thereon actually made by Northern Dynasty. The National
Environmental Policy Act EIS process requires a comprehensive
"alternatives assessment" be undertaken to consider a broad range
of development alternatives. Accordingly, the final project
design and operating parameters for the Pebble Project and
associated infrastructure may vary significantly from that
currently being advanced. As a result, the Company will continue to
consider various development options and no final project design
has been selected at this time.
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SOURCE Northern Dynasty Minerals Ltd.
