Northern Dynasty Updates Board and Audit & Risk Committee Progress

Northern Dynasty Minerals Ltd. announced an update on its search to replace Christian Milau, who left the Board in September 2025. The Nominating and Governance Committee has identified candidates and aims to recommend a new independent director by January 2026. This individual is anticipated to also chair the Audit & Risk Committee.

On December 4, 2025, Northern Dynasty received notification from NYSE American regarding non-compliance with Audit Committee regulations. The company has 180 days to address this issue. It expects compliance will be achieved once the new director is appointed.

Based in Vancouver, Northern Dynasty's primary asset is the Pebble Project in Southwest Alaska, held through Pebble Limited Partnership, their U.S. subsidiary.