Business
Northern Dynasty Minerals: Fourth Tranche of $12 million Royalty Investment Received, Update on Government Discussions and Court Filings
VANCOUVER, BC / ACCESS Newswire / September 25, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") and it
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / September 25, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership (\"Pebble Partnership\") are pleased to announce the receipt of a $12 million payment representing the fourth tranche of investment under the Company's royalty agreement dated July 26, 2022, as amended. All amounts are in U.S. dollars unless otherwise noted. With the fourth tranche investment now completed before September 30, 2025, the royalty investor has the right to elect to complete the fifth and final $12 million tranche investment at any time up to and including December 31, 2025. The aggregate total purchase price of $60 million and maximum royalty rates (the right to purchase 10% of payable gold production and 30% of payable silver production) remain unchanged from the original Royalty Agreement. \"We appreciate the continued support from our royalty investor and are pleased to see the fourth payment of $12 million completed, bringing its total investment in the royalty up to $48 million of a possible $60 million available under the royalty agreement,\" said Ron Thiessen, Northern Dynasty's President and CEO. \"This $12 million investment, when combined with the several million dollars of inflow from the exercise of stock options and warrants this summer and when added to our second quarter closing cash balance of CA$25.2 million ($18.5 million) gives us a strong treasury position as we move the project forward.\" \"We continue to have discussions with the government about withdrawing the veto and remain optimistic for a positive outcome. Withdrawal of the illegal veto will be a step towards developing this very large new source of copper and rhenium, as well as significant amounts of gold, molybdenum and silver, unlocking substantial and long-lasting economic benefits for the region, the state and the country.\" \"While our focus continues to be on a successful outcome from our discussions, we are maintaining the pursuit of a parallel track and will join the other plaintiffs (the State of Alaska and Iliamna Natives Ltd, et al.) in filing our opening briefs by October 3, 2025. The court action is being pursued in the interest of keeping timelines as tight as possible. Our preferred option remains ...