Business
Northern Dynasty Minerals: Fifth and Final Tranche of $12 million Royalty Investment Received
VANCOUVER, BC / ACCESS Newswire / October 20, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") is pleas
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / October 20, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") is pleased to announce the receipt of a $12 million payment representing the fifth and final tranche of investment under the Company's royalty agreement (\"Royalty Agreement\") dated July 26, 2022, as amended. All amounts are in U.S. dollars unless otherwise noted. The payment was received well before the December 31, 2025, deadline, and brings the aggregate total purchase price to $60 million. The maximum royalty rates under the original Royalty Agreement are now in effect. Accordingly, the royalty holder has the right to receive 10% of the payable gold production and 30% of the payable silver production from the Pebble Project. \"With this final $12 million investment we have completed the royalty investment program that began in 2022,\" said Ron Thiessen, Northern Dynasty's President and CEO. \"We embarked on this royalty investment program because we saw it as an opportunity to improve our liquidity without issuing equity at what we considered depressed prices. In retrospect, our decision has been validated as our share price has increased more than five-fold since entering into the agreement in 2022 when our share price was depressed and, as a result, we have avoided significant dilution to shareholders. We are pleased that we raised a substantial amount of capital in return for the right to buy a small portion of future, gold and silver production from the Proposed Project, while keeping 100% of the copper, molybdenum and rhenium production.\" \"We want to thank the royalty holder for their support and the vote of confidence this investment represents. We now have the strongest liquidity position we have had in many years as we continue to push to have the illegal veto withdrawn and to advance the project through permitting,\" Mr. Thiessen concluded. 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 U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Br...