Northern Dynasty Announces Its Inclusion in the New Battery Metals Index of the Toronto Stock Exchange

VANCOUVER, BC / ACCESSWIRE / June 7, 2022 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") announces that it is one of the 40 companies in the new Battery Metals Index of the Toronto Stock Exchange ("TSX"). There will be a special market opening ceremony this morning to celebrate the launch of this new index.

"Battery metals are emerging as a critical component in the move to a green energy future, and so it is timely that the TSX has formed a Battery Metals Index," said Ron Thiessen, Northern Dynasty President and CEO. "Battery technology continues to advance, and it is not clear at this time which combination of metals will be the ultimate, most efficient, formula. But what is clear is that to create the electricity that the battery will store, and then to transform the electricity back into kinetic energy, requires much more copper than the industry can currently produce."

"The U.S. and Canada must have substantial new sources of copper supply so that they do not run the risk of being shut out of manufacturing for this emerging industry. The Pebble Project is the largest undeveloped copper project in the world[1]. The U.S. needs the Pebble Project and, frankly, the other copper projects stuck in U.S. and Canadian federal permitting, to move forward." Mr. Thiessen added.

The S&P/TSX Battery Metals Index provides investors with a measure of TSX-listed mining companies which are involved in production and exploration of battery metals Cobalt, Copper, Graphite, Lithium, Manganese, Molybdenum, Nickel, Palladium, Platinum and Zinc. Weighting is 80% divided equally among companies involved in production and 20% divided equally among companies involved in exploration only.

About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.