Northern Dynasty Completes Second Tranche of Amended Royalty Agreement

Vancouver, BC / ACCESSWIRE / July 25, 2024 / Northern Dynasty Minerals Ltd. has received the remaining $10 million royalty payment under the second tranche of its amended Royalty Agreement. The Amendment to the original agreement, dated July 26, 2022, allowed the Royalty Holder to fund $12 million in six installments of $2 million each. With this completion, the balance of the Royalty Agreement extends to July 26, 2025.

This tranche completion grants the Royalty Holder rights to 4% of payable gold production and 12% of payable silver production from the Pebble Project. Northern Dynasty's President and CEO Ron Thiessen stated that the company might receive an additional $36 million investment from the remaining three tranches.

Northern Dynasty aims to advance the Pebble Project with high environmental and regional fisheries standards. The project holds significant mineral claims in Southwest Alaska, contributing notably to the mining sector.