Northern Dynasty Secures Final $12 Million Royalty Investment Tranche

Northern Dynasty Minerals Ltd. announced they have received the final $12 million investment tranche from their royalty agreement, initially established in July 2022. The total capital acquired through this framework now totals $60 million.

The agreement grants the royalty holder 10% of the payable gold and 30% of the payable silver production from the Pebble Project, Northern Dynasty's principal asset in Southwest Alaska. This project has been a focal point for their exploration and development activities.

CEO Ron Thiessen emphasized that this investment strategy enhanced liquidity while avoiding shareholder dilution, given previous depressed share prices. Additionally, the company retained full rights to copper, molybdenum, and rhenium production.

With strengthened liquidity, the company remains focused on advancing the Pebble Project through regulatory approvals and overcoming legal challenges.