Northern Dynasty receives fifth and final tranche of $12M royalty investment

Northern Dynasty (NAK) received a $12M payment representing the fifth and final tranche of investment under the company’s royalty agreement dated July 26, 2022. The payment was received well before the December 31, 2025, deadline, and brings the aggregate total purchase price to $60M. The maximum royalty rates under the original Royalty Agreement are now in effect. Accordingly, the royalty holder has the right to receive 10% of the payable gold production and 30% of the payable silver production from the Pebble Project.