Liberty Star Uranium and Metals Corp (LBSR)

[xZx]

it's worth noting "the group" is defined as NAK and subsidiaries, and it owns a 50% share in the partnership:

1. NATURE OF OPERATIONS AND CONTINUANCE OF OPERATIONS



Northern Dynasty Minerals Ltd. (the "Company") is incorporated under the laws of the Province of British Columbia, Canada, and its principal business activity is the exploration of mineral properties. The Company’s corporate office is located at Suite 1020, 800 West Pender Street, Vancouver, British Columbia. The condensed consolidated interim financial statements of the Company as at and for the period ended June 30, 2010 consist of the Company and its subsidiaries (note 10) (together referred to as the "Group" and individually as "Group entities") and the Group’s interest in jointly controlled entities. The Company is the ultimate parent. The Group owns a 50% share in the Pebble Limited Partnership (the "Pebble Partnership") (note 3). The Pebble Partnership owns the Pebble Copper- Gold-Molybdenum Project (the "Pebble Project"), the Group’s principal mineral property interest located in Alaska, United States of America ("USA" or "US").

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7414091