Replies to post #27030 on Northern Dynasty Minerals Ltd (NAK)

[LBSR TO DA MOON]

Northern Dynasty: Compensatory Mitigation Plan for Alaska’s Pebble Project submitted to US Army Corps of Engineers

November 16, 2020 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") announces that its 100%-owned US-based subsidiary Pebble Limited Partnership (the “Pebble Partnership”) has submitted a Compensatory Mitigation Plan (“CMP”) for the Pebble Project to the US Army Corps of Engineers (“USACE”) ahead of the 90-day deadline that expires on November 18, 2020.

Northern Dynasty and the Pebble Partnership believe the submitted CMP fully satisfies mitigation requirements for the proposed copper-gold-molybdenum-silver-rhenium mine in southwest Alaska.

Following publication of a positive Final Environmental Impact Statement (“EIS”) in July 2020, the USACE published its mitigation requirements for Pebble on August 20, 2020 and provided the Pebble Partnership with 90 days to submit a CMP to address them. Filing an approved CMP for the project is a necessary prerequisite to receiving a federal Record of Decision (“ROD”).

“The ‘in-kind’ and ‘in-watershed’ requirement for mitigation the USACE established for Pebble clearly sets a high bar for offsetting project effects on wetlands and other aquatic features, but it’s a challenge we have embraced and believe we can achieve,” said Ron Thiessen, Northern Dynasty President & CEO.

“Based on the findings of the Final EIS, we already know Pebble can operate safely and reliably, while fully protecting the water, fish and wildlife resources of Bristol Bay. Meeting the USACE’s challenging mitigation requirements provides even greater evidence that Pebble can and will co-exist with commercial, subsistence and sport fisheries in southwest Alaska.”

In addition to meeting the rigorous environmental standards enforced in the Clean Water Act and other US federal legislation, Thiessen said the Final EIS for Pebble indicates the project will make important, positive socioeconomic contributions to the region, the state and the nation.

“Pebble will also deliver the critical and strategic minerals the United States requires for its economic and military security,” he said, “while helping facilitate the transition to a ‘lower carbon future.’”

Thiessen said Pebble Partnership technical/permitting staff and expert, third-party consultants in Alaska have prepared a high-quality mitigation plan to fully satisfy the lead federal agencies’ requirements – including undertaking extensive field investigations this summer and fall. He cautioned Pebble won’t be releasing any details about the CMP until it is accepted by the USACE and posted to its website.

“We have an experienced team in Alaska that has identified both the means and mechanism to meet the ‘in-kind’ and ‘in watershed’ mitigation requirements, and complete a CMP that we believe will be acceptable to the USACE in form and content,” he said. “Until this work is completed to the Corps’ full satisfaction, we won’t be discussing the details of our plan.”

There is no statutory timeline for the USACE’s review of the Pebble CMP. Northern Dynasty’s current expectation is that its sufficiency will be confirmed prior to or concurrent with issuance of a final Record of Decision.

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. subsidiary, Pebble Limited Partnership (“PLP”), is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. PLP is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at [phone] or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.

Ronald W. Thiessen
President & CEO

US Media Contact:
Dan Gagnier
Gagnier Communications
[phone]

[TheHound]

Northern Dynasty: Compensatory Mitigation Plan for Alaska's Pebble Project submitted to US Army Corps of Engineers!

[wwalker3]

Very nice! Great find.

[wwalker3]

Expectation: "sufficiency will be confirmed prior to or concurrent with issuance of a final Record of Decision."