Northern Dynasty notes Trump executive order on American mineral production

Northern Dynasty (NAK) Minerals and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership provides commentary on the executive order issued by President Donald Trump on March 20, titled “Immediate Measures to Increase America’s Mineral Production.” In the executive order, the President highlighted the past prominence of the U.S. mining industry and the importance of securing a stable and predictable supply of minerals that are essential for defense, technology, and infrastructure. It also directed Federal agencies to expedite approvals for domestic mineral production projects. “Located in the State of Alaska, Pebble is the world’s largest undeveloped copper deposit. And, in addition to a sizeable amount of gold, molybdenum and silver, the deposit also contains a significant resource of rhenium, a mineral used in military applications. The 2020 Final Environmental Impact Study highlighted how the project could result in significant economic benefits, both in terms of high paying jobs as well as tax revenues, for the local Alaskan communities, the state and the U.S.” said Ron Thiessen, CEO.