on Northern Dynasty Minerals Ltd. (NASDAQ:NAK)
Northern Dynasty Minerals Provides Update on Legal Proceedings
Northern Dynasty Minerals Ltd., along with its subsidiary Pebble Limited Partnership, has provided an update on ongoing negotiations with the U.S. Government regarding a veto removal. This development follows an order by Judge Gleason in the Alaska Federal District to set a summary judgment briefing schedule.
CEO Ron Thiessen expressed optimism about the ongoing discussions aimed at withdrawing what he terms an 'illegal veto' from the Obama/Biden era. Simultaneously, the company pursues legal action to expedite the process. The summary judgment allows the court to decide based on the existing record without a full trial, potentially avoiding prolonged litigation.
The briefing schedule requires the plaintiffs to file by October 3, 2025, with responses from the Department of Justice expected by January 2, 2026. Thiessen appreciates the clarity provided by the set timeline, emphasizing the company's commitment to environmentally responsible resource development.
R. E.
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