VANCOUVER, March 22, 2018 /CNW/ - Northern Dynasty Minerals
Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the
"Company") today announced that the US Army Corps of Engineers
("USACE" or the "Corps") has posted on its website a 'Scoping
Package' for the Environmental Impact Statement ("EIS") permitting
review of the Pebble Project, as required under the National
Environmental Policy Act ("NEPA").
The USACE Scoping Package indicates the EIS scoping period will
begin on April 1, 2018 and conclude
on April 30, 2018. Public meetings
will be hosted by the Corps during the scoping period in
Alaska regional centers
Anchorage, Homer, King
Salmon and Dillingham, as
well as in villages in close proximity to the Pebble Project,
including Iliamna, Igiugig, Nondalton and Kokhanok.
In addition to seeking public and stakeholder input during
scoping, the US Army Corps of Engineers will facilitate a formal
consultation and public comment process following publication of
the Pebble Draft EIS – expected sometime in 2019. The Corps'
current timeline projects the Final EIS for the Pebble Project to
be complete within 24 months.
Information regarding the Pebble EIS process, including the
Scoping Package that describes this phase of the process, can be
found on the USACE website under Pebble Project EIS.
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 US
subsidiary Pebble Limited Partnership and other wholly-owned
subsidiaries, is a 100% interest in a contiguous block of 2,402
mineral claims in southwest Alaska, including the Pebble deposit. The
Pebble Partnership 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 (604) 684-6365 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
Forward Looking Information and other
Cautionary Factors
This release includes certain statements that may
be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
future events that the Company expects are forward-looking
statements. Although the Company believes the expectations
expressed in its forward-looking statements are based on reasonable
assumptions, such statements should not be in any way construed as
guarantees of the ultimate size, quality or commercial feasibility
of the Pebble Project or of the Company's future performance or the
outcome of litigation.
Assumptions used by the Company to develop forward-looking
statements are that the Pebble project will be evaluated based on
technical and scientific criteria free from undue political or
legal interference. The likelihood of future mining at the Pebble
Project is subject to a large number of risks and will require
achievement of a number of technical, economic and legal
objectives, including obtaining necessary mining and construction
permits, approvals, licenses and title on a timely basis and delays
due to third party opposition, changes in government policies
regarding mining and natural resource exploration and exploitation,
the final outcome of any litigation, completion of pre-feasibility
and final feasibility studies, preparation of all necessary
engineering for surface or underground mining and processing
facilities as well as receipt of significant additional financing
to fund these objectives as well as funding mine construction. Such
funding may not be available to the Company on acceptable terms or
on any terms at all. There is no known ore at the Pebble Project
and there is no assurance that the mineralization at the Pebble
Project will ever be classified as ore. The need for compliance
with extensive environmental and socio-economic rules and practices
and the requirement for the Company to obtain government permitting
can cause a delay or even abandonment of a mineral project. The
Company is also subject to the specific risks inherent in the
mining business as well as general economic and business
conditions. For more information on the Company, Investors should
review the Company's filings with the United States Securities and
Exchange Commission and its home jurisdiction filings that are
available at www.sedar.com. Northern Dynasty does not have
control over the contents of the USACE website and therefore
Northern Dynasty cannot either endorse the contents or assume
responsibility for the website's contents other than for
submissions thereon actually made by Northern Dynasty.
SOURCE Northern Dynasty Minerals Ltd.