Northern Dynasty Secures $12 Million in Third Tranche of Royalty Agreement

Northern Dynasty Minerals Ltd. has announced the successful completion of a $12 million investment tranche, marking the third installment under the amended Royalty Agreement. Originating from a deal initiated on July 26, 2022, this transaction aligns with the extended agreement terms, offering greater flexibility in payments.

In exchange for prompt payment before the original deadline, the company has agreed to move the deadline for the next two tranches. The Royalty Holder gains rights to 2% and 6% of the Pebble Project's gold and silver output, respectively, if terms are met.

In total, the $60 million agreement stipulates a maximum of 10% gold and 30% silver production royalties. Northern Dynasty's CEO, Ron Thiessen, highlights the completed investments totaling $36 million, signaling continued progress towards leveraging the full potential of the Pebble Project in Alaska.