Northern Dynasty Received Fourth Tranche of Royalty Payment for Pebble Project in Alaska

SEATTLE (Scrap Monster): Northern Dynasty Minerals, based in Vancouver, Canada, reported that its royalty investor in its flagship Pebble project in Alaska had paid it an additional $12 million.

This payment is the fourth installment, bringing the total amount paid to far to $48 million. The investor might give the business a total of $60 million in five payments under the provisions of the royalty finance arrangement. The investor would be entitled to buy 10% of the project's payable gold production and 30% of its payable silver production if they paid the maximum amount.

The business is currently negotiating with the US authorities to have the project approved. The project was halted earlier in 2023 when the U.S. Environmental Protection Agency (EPA) prohibited the company's Alaskan subsidiary from storing mine waste in the region. The business had brought legal action in federal courts against the EPA. As required by the EPA, the firm has not yet submitted an updated mine proposal.

Rough estimates indicate that over a 20-year period, the Pebble mine can yield 6.4 billion pounds of copper, 7.4 million ounces of gold, and 300 million pounds of molybdenum, in addition to 37 million ounces of silver and 200,000 kilograms of rhenium.

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