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Northern Dynasty Minerals Comments on Recent Statements by President Biden Regarding 'Made in America' and Mining in the U.S.
VANCOUVER, BC / ACCESSWIRE / March 15, 2022 / Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) ("Northern Dynasty" or the "Company") comments on Pre
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 15, 2022 / Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") comments on President Biden's \"Made in America\" announcement made on Friday, March 4, 2022, and statements made at a previous event on February 22, 2022, both at The White House. All currency numbers are USD unless otherwise specified. In his speech, President Joe Biden said, \"…But we also need a resilient supply chains [sic] of our own so that we're never at the mercy of other countries for critical goods ever again…Our manufacturing future, our economic future, our solutions to the climate crisis: They're all going to be made in America1.\" \"Global events over the past several years have demonstrated the fragility and insecurity of the global supply chain, further underscored the need for America to achieve security over important commodities, be it oil & gas or minerals such as copper, a key part of the energy transition. The Pebble Project in Southwest Alaska would help the U.S. to achieve the goal of mineral security,\" said Ron Thiessen, President and CEO of Northern Dynasty. \"For example, one large 10-15 MW windmill, such as found in an offshore windmill farm, uses about 50 tonnes of copper to generate electricity, including the connection to the shore 2. The U.S. imported nearly half of its 2 million tonnes of annual domestic requirements for refined copper in 2021, according to the U.S. Geological Survey3. Copper from the Pebble Project could substantially reduce this reliance on foreign suppliers, keeping the jobs, and the economic benefits, in the U.S.\" \"We can't build a future that's made in America if we ourselves are dependent on China for the materials that power the products of today and tomorrow,\" President Biden said at a White House event on February 22, 2022, according to a Reuters report4. \"Environmental protections are paramount…We have to ensure that these resources actually benefit folks in the communities where they live, not just shareholders.\" \"We have made deliberate choices when designing the Pebble Project that demonstrate our commitment to protecting the environment. Just a few examples include choosing to minimize the footprint in the first 20 years to allow Northern Dynasty an opportunity to demonstrate to the public that the mine cou...