Late yesterday evening there was a statement from $NDM (-40,53 %) on the current situation that led to the sell-off yesterday and today. In summary, the out-of-court negotiations have not led to an agreement and the court has now been asked to initiate legal proceedings.
VANCOUVER, BC / ACCESS Newswire / July 17, 2025 / Northern Dynasty Minerals Ltd (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") and its 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership") announce that, in the interest of ensuring timelines remain tight, we have filed a motion in Federal District Court in Alaska seeking a summary judgment briefing schedule in our pending litigation to get this question of the unlawfulness of the Biden veto before the court for prompt decision.
"While discussions with the EPA have taken place, we have not reached a settlement. As such, today we asked the court to set a briefing schedule for summary judgment motions, as we now believe that will be the quickest, most direct avenue to get the veto removed," said Ron Thiessen, Northern Dynasty President and CEO. "We will continue to work with the relevant government agencies to resolve this issue. Meanwhile we are confident that the court will agree with our assessment that the issuance of the veto by the Biden administration was unlawful."
