Notice of Lead Plaintiff Deadline for Shareholders in the Northern Dynasty Minerals Ltd. Class Action Lawsuit - Seite 2

On August 24, 2020, the U.S. Army released a statement concerning the Pebble Project, stating that the project would result in “significant degradation of the environment and would likely result in significant adverse effects on the aquatic system or human environment.” The U.S. Army further found that “the project, as currently proposed, cannot be permitted under section 404 of the Clean Water Act” and requested that Northern Dynasty Minerals submit a mitigation plan in response to this finding. On this news, Northern Dynasty Minerals’ stock price fell nearly 38%.

Then, on November 25, 2020, Northern Dynasty Minerals reported that the U.S. Army had rejected its permit applications related to the Pebble Project. On this news, Northern Dynasty Minerals’ stock price fell an additional 50%, further damaging investors.

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