Independent Preliminary Economic Assessment for Northern Dynasty's Pebble Project Completed: Positive Projected Financial Results, Excellent Optionality and Important Benefits for Alaska

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"Independent Preliminary Economic Assessment for Northern Dynasty’s Pebble Project Completed: Positive Projected Financial Results, Excellent Optionality and Important Benefits for AlaskaVANCOUVER, BC / ACCESSWIRE / September 5, 2023 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\" or \"NDM\") announces an independent technical report entitled Pebble Project, NI 43-101 Technical Report Update and Preliminary Economic Assessment, Alaska, United States of America, effective date August 21, 2023 (\"2023 PEA\") has been completed and will be filed at www.sedarplus.ca.\"The proposed mine for the Pebble Project would provide good-paying, year-round employment for thousands of Alaskans, something desperately needed in Southwest Alaska,\" said Ron Thiessen, President and CEO of Northern Dynasty. \"The mine would mean substantial tax revenues for Alaska, including contributions to the Alaska Permanent Fund, which will be important for the future economic sustainability of the region. New infrastructure developed to support the proposed project would offer the additional benefit of potentially lowering energy costs for the region. The July 2020 Environmental Impact Statement of the Pebble Project (the \"FEIS\") states that the proposed mine can be developed and operated without harming the fishery, and so, with Alaska's excellent track record of managing all its resources for the benefit of its people, it can have BOTH the mine AND the fishery.\"The 2023 PEA was prepared to accomplish several objectives. The report is an independent review of the project that provides cost and price estimates to reflect current economic volatility. It includes an infrastructure plan that uses the \"southern route\" for project access as defined in the original permitting application for the Pebble Project. In addition, the 2023 PEA updates the status of the Environmental Protection Agency (\"EPA\") Final Determination and United States Army Corps of Engineers (\"USACE\") Record of Decision Appeal processes (see Northern Dynasty January 31, 2023 and July 28, 2023 news releases, respectively).The 2023 PEA provides production, financial and cost estimates for a proposed 20-year, 180,000 tons per day (\"Tpd\") open pit operation with conventional processing producing two concentrates for the Pebble P...

More updates from Northern Dynasty Minerals Ltd.