Northern Dynasty Receives Fourth Tranche of $12 Million Royalty Investment

Northern Dynasty Minerals Ltd. has announced the receipt of a $12 million payment, completing the fourth tranche of its royalty agreement. This development elevates the total investment to $48 million of a potential $60 million under the terms outlined in July 2022.

The fifth tranche of $12 million can be elected by the investor until December 31. The royalty agreement's terms, which include the rights to purchase a portion of gold and silver production, remain unchanged.

CEO Ron Thiessen expressed gratitude for the investor's ongoing commitment, highlighting a reinforced financial position. Meanwhile, discussions with the government regarding a veto withdrawal continue, with potential significant economic benefits highlighted.

Simultaneously, Northern Dynasty remains committed to court proceedings, with a focus on advocating for a prompt resolution. Legal actions are in alignment with keeping development timelines concise.