Northern Dynasty Minerals secures $60 million royalty deal for Pebble

Say what the f*&k!?

Northern Dynasty Minerals (TSX: NDM) said today it will receive up to $60 million over the next two years from an unnamed royalty holder in return for future gold and silver production from the Pebble project for the life of the mine.

The Pebble project in Alaska was prevented from moving ahead by the Obama administration. The ruling was reversed by the Trump administration, despite internal dissent. The Biden administration again put the breaks on the project.

Dynasty said it will receive an initial payment of $12 million from the royalty holder.

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