VANCOUVER, Sept. 26, 2014 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern
Dynasty" or the "Company") reports that U.S. federal court in Alaska
today granted a motion to dismiss the case by the Pebble Limited
Partnership, State of Alaska and Alaska Peninsula Corporation
challenging the U.S. Environmental Protection Agency ("EPA") statutory
authority to pre-emptively impose development restrictions on the
Pebble Project prior to the submission of a proposed development plan.
This ruling did not judge the merits of the statutory authority case,
it only deferred that hearing and judgment until after a final
determination has been made by the EPA.
"The ruling today relates to timing of our challenge of this pre-emptive
authority and in no way decides the underlying issues," said Pebble
Partnership CEO Tom Collier. "We remain very confident in the merits
of this case. Should EPA finalize its proposed veto restrictions
regarding Pebble, we will pursue our claim that EPA lacks statutory
authority to do so at that time."
Northern Dynasty's CEO Ron Thiessen stated, "Today's ruling has nothing
to do with the merits or legality of our position in this case, and is
merely a decision on timing. The court is, in essence, saying until the
EPA makes a final decision you haven't been affected. As Tom Collier
CEO of Pebble Partnership points out, this decision has simply deferred
the case until or if the EPA makes a negative decision on Pebble
Project prior to our filing a permit under the Clean Water Act."
The Pebble Partnership has a second case pending in the federal court in
Alaska that charges that EPA has not complied with the Federal Advisory
Committee Act (FACA) in preparing the Bristol Bay Assessment study,
upon which the Section 404(c) regulatory process is largely based. The
FACA case seeks to enjoin EPA from issuing its final veto. Today's
ruling has no bearing on the FACA case.
About the Pebble Project
The Pebble Project is an initiative of the Pebble Limited Partnership to
responsibly develop a globally significant copper, gold and molybdenum
deposit in southwest Alaska into a modern, long-life mine, which will
benefit not only the owner, but the people, culture and industries of
the State of Alaska, as well as suppliers, consultants and industries
in the Lower 48 United States of America.
A 2013 study authored by IHS Global Insight, entitled The Economic and Employment Contributions of a Conceptual Pebble Mine to
the Alaska and United States Economies found the Pebble Project has the potential to support 15,000 American
jobs and contribute more than $2.5 billion annually to US GDP over
decades of production. The IHS Global Insight study is available at www.northerndynasty.com.
The Pebble Project is located 200 miles southwest of Anchorage on state
land designated for mineral exploration and development. It is situated
in a region of rolling tundra approximately 1,000 feet above sea-level,
65 miles from tidewater on Cook Inlet and presents favourable
conditions for successful mine site and infrastructure development.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based
in Vancouver, Canada. Northern Dynasty's principal asset is the Pebble
Project in southwest Alaska, USA, an advanced-stage initiative to
develop one of the world's most important mineral resources.
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 exploration drilling,
exploitation activities and events or developments 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 include the following:
the Pebble Project will obtain all required environmental and other
permits and all land use and other licenses, studies and development of
the Pebble Project will continue to be positive, and no geological or
technical problems will occur. 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 open pit and
underground workings 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 annual Form 40-F filing with the United
States Securities and Exchange Commission and its home jurisdiction
filings that are available at www.sedar.com.
SOURCE: Northern Dynasty Minerals Ltd.
For further information:
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynasty.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.