Suit claims Northern Dynasty misled shareholders December 17th, 2020 |
A shareholder of Northern Dynasty Minerals is filing a class action suit against the company and its directors for allegedly misleading shareholders about the viability of the proposed Pebble mine.
People who bought stocks between Dec. 21, 2017, and Nov. 25, 2020 have until Feb. 2, 2021 to join the lawsuit as lead plaintiffs.
Canadian-based Northern Dynasty is the parent company of the Pebble Limited Partnership, which has been promoting the mine to investors for more than a decade.
The U.S. Army Corps of Engineers last month denied Pebble a federal permit. It said that the project went against Clean Water Act guidelines, as well as the public interest.
Northern Dynasty: Pebble Partnership to Challenge US Army Corps of Engineers Finding That Compensatory Mitigation Plan for Alaska s Pebble Project Is Non-Compliant albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
Pebble parent company to appeal Army Corps’ decision to reject mine permit Author: Anchorage Daily News
Print article The parent company of the Pebble Limited Partnership said it is appealing the Trump administration’s recent decision to deny a key permit for the controversial mine proposal in the Bristol Bay region of Southwest Alaska. In a written statement Thursday, Northern Dynasty Minerals President and CEO Ron Thiessen said the rejection was “without precedent in the long history of responsible resource development in Alaska.” The U.S. Army Corps of Engineers in November said Pebble’s plans to develop the copper and gold mine did not comply with the Clean Water Act and “is contrary to the public interest.”
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VANCOUVER, BC / ACCESSWIRE / December 17, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ( Northern Dynasty or the Company ) believes the US Army Corps of Engineers ( USACE ) perfunctory rejection last month of the Compensatory Mitigation Plan ( CMP ) submitted for Alaska s Pebble Project is emblematic of the lead federal agency s recent permitting decision at Pebble, arguing it is contrary to law, unprecedented in Alaska and unsupported by the administrative record.
Northern Dynasty s 100%-owned, US-based subsidiary Pebble Limited Partnership (the Pebble Partnership ) is preparing a request for appeal ( RFA ) with respect to the USACE s November 25, 2020 issuance of a negative Record of Decision ( ROD ) for the proposed copper-gold-molybdenum-silver-rhenium mine. To be submitted in January 2021, the Pebble Partnership s RFA is expected to argue, among other things, that the USACE s mitigation requirements for Pebble are contrary to policy and preceden
By Reuters Staff
1 Min Read
(Reuters) - Canada’s Northern Dynasty Minerals Ltd said on Thursday its 100%-owned Pebble Limited Partnership would challenge the U.S. Army Corps of Engineers’ (USACE) decision to deny Pebble Mine in Alaska a key water permit.
Last month, USACE denied the Clean Water Act permit because the plan submitted by the Pebble Partnership detailing how it would handle the project’s waste in the ecologically sensitive area did not comply with the guidelines.
The mine, one of the world’s largest copper and gold deposits, has been through a roller coaster of regulation over the past 13 years.