December 21, 2020 — Northern Dynasty Minerals (TSX: NDM; NYSE: NAK) said on Thursday its unit, Pebble Partnership, was preparing an appeal after the U.S. Army Corps of Engineers denied a key water permit for the proposed Alaska mine.
The company’s shares cratered nearly 50% last week after its US-based subsidiary received formal notification that its application for permits under the Clean Water Act and other federal statutes was denied.