Northern Dynasty Minerals Ltd (NAK)

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On Thursday, the high court issued an opinion that narrowed the EPA's broad definition of Waters of the United States (WOTUS). The court said the federal government must define WOTUS as a water source with a "continuous surface connection" to major bodies of water.

The decision upended an attempt by the Biden administration to regulate wetlands, lakes, ponds, streams and other "relatively permanent" waterways, which had relied on a broad reading of the EPA's authority under the Clean Water Act (CWA).

THE EPA MAY NOT HAVE JURISDICTION OVER PEBBLE.