Northern Dynasty Minerals Reported Two Alaska Native Village Corporations Sue to Stop EPA's Pebble Project Veto
Portfolio Pulse from Benzinga Newsdesk
Northern Dynasty Minerals Ltd. (NYSE:NAK) reports that two Alaska Native Village corporations, Iliamna Natives Limited and Alaska Peninsula Corporation, have filed a lawsuit against the EPA for vetoing the Pebble Project. The lawsuit claims the EPA exceeded its authority and ignored the potential economic benefits for local communities.
June 26, 2024 | 11:08 am
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Northern Dynasty Minerals Ltd. (NYSE:NAK) is involved in a lawsuit filed by two Alaska Native Village corporations against the EPA for vetoing the Pebble Project. The lawsuit argues that the EPA exceeded its authority and ignored the economic benefits for local communities.
The lawsuit could potentially lead to a reversal of the EPA's veto, which would be positive for Northern Dynasty Minerals as it would allow the Pebble Project to proceed. This could result in increased economic activity and revenue for the company.
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