Business
Northern Dynasty Minerals Retains Senior Mining Executive and M&A Specialist Adam Chodos to Serve as EVP, Corporate Development
VANCOUVER / ACCESSWIRE / August 4, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) ("Northern Dynasty" or the "Company") announces it has hi
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":" VANCOUVER / ACCESSWIRE / August 4, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") announces it has hired Mr. Adam Chodos, a senior mining industry executive with more than 19 years of experience in corporate development and investment banking advisory, to serve as its Executive Vice President, Corporate Development. Mr. Chodos was most recently a Director of Corporate Development for Teck Resources and, prior to that, was a Group Executive with Newmont's Corporate Development team. Before joining Newmont, Mr. Chodos spent nine years as an Investment Banker with J.P. Morgan Securities Inc., in New York, specializing in the natural resources sector. Over the course of his career, he has played a significant role in more than US$28 billion of mergers, acquisitions, divestitures and capital markets transactions. \"We're pleased to have an executive with Adam's corporate and banking experience, his skills and knowledge in the world of mining M&A, and his global contacts and reputation join the Northern Dynasty team at this critical juncture in the company's development,\" said Ron Thiessen, Northern Dynasty President & CEO. \"With a resoundingly favourable Final Environmental Impact Statement for the Pebble Project received last month, a Record of Decision on the project's key federal permits expected within weeks, and the initiation of an investment banking process to secure a major mining company or consortium of companies to become a partner in the Pebble enterprise, the timing for this addition to our corporate team could not be better.\" Mr. Chodos' principal focus, over the next 12 months, will be leading a process to qualify and secure a major funding partner(s) for southwest Alaska's Pebble Project, preferably via Northern Dynasty's 100%-owned US-based subsidiary, Pebble Limited Partnership (\"Pebble Partnership\"). Whether a global mining operator or a consortium of minerals sector and financing interests, Northern Dynasty's goal is to involve incoming parties in the final stages of project evaluation, design and permitting. \"It's an exciting time to join the Northern Dynasty and Pebble Partnership team,\" Chodos said. \"Not only does Pebble represent one of the truly great mineral development opportunities in the world today, it is achieving some key p...