Northern Dynasty Receives Initial $2M Advance Under Second Tranche Of Amended Royalty Agreement
Portfolio Pulse from Benzinga Newsdesk
Northern Dynasty Minerals Ltd. has received a $2 million advance under the second tranche of an amended royalty agreement for the Pebble Project. The amendment allows for increased payment flexibility and extends the expiration date of the agreement. The Royalty Holder has the option to fund the second $12 million tranche in six $2 million installments, receiving a portion of the payable gold and silver production per installment. The full $60 million agreement remains unchanged, aiming to enhance the company's financial liquidity and continue the Pebble Project's development.

November 14, 2023 | 2:01 am
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Northern Dynasty Minerals Ltd. received a $2M advance under an amended royalty agreement, which may improve financial liquidity and support ongoing development of the Pebble Project.
The news of receiving a $2 million advance is positive as it indicates investor confidence and provides additional capital for the company. The amendment to the royalty agreement also suggests a strong relationship with the Royalty Holder and a commitment to the Pebble Project's development. This could be seen favorably by investors and may lead to a short-term positive impact on NAK's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100