Northern Dynasty: Third Tranche of Amended Royalty Agreement Completed with Receipt of US$12 Million

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"Northern Dynasty: Third Tranche of Amended Royalty Agreement Completed with Receipt of US$12 MillionVANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") reports it has received payment of $12 million representing the third tranche investment under the Company's royalty agreement dated July 26, 2022, as amended (the \"Royalty Agreement\"). Concurrent with the completion of the investment, the Company and the royalty investor (the \"Royalty Holder\") agreed to further amend the terms of the Royalty Agreement (the \"Second Amendment\") to increase flexibility of payment installments and to extend the July 26, 2025 expiration date. All currency figures are U.S. dollars.Under the initial amendment to the Royalty Agreement, as reported in the Company's news release dated November 13, 2023, the Royalty Holder received, among other things, the right to fund the three remaining $12 million tranches on or before July 26, 2025. Completion of each additional tranche entitles the Royalty Holder the right to receive an additional 2% of the payable gold production and 6% of the payable silver production from the Pebble Project.In exchange for an early payment of the third $12 million tranche before the July 26, 2025 deadline, the Company has agreed to extend the deadline for completion of the remaining two tranches to September 30, 2025. Additionally, if the fourth $12 million tranche is completed on or before September 30, 2025, the Royalty Holder will have the right 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 (10% of payable gold production and 30% of payable silver production) remain unchanged from the original Royalty Agreement.\"We are pleased to see the Royalty Holder make its third payment of $12 million, bringing its total investment in the royalty up to $36 million of a possible $60 million available under the Royalty Agreement,\" said Ron Thiessen, Northern Dynasty President and CEO.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. ...

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