Northern Dynasty Reports It Has Received The Remaining $10M Royalty Payment Under The Second Tranche Of The Company's Royalty Agreement Dated July 26, 2022
Portfolio Pulse from Benzinga Newsdesk
Northern Dynasty Minerals Ltd. (NYSE:NAK) has received the remaining $10 million royalty payment under the second tranche of its royalty agreement. This payment is part of a $12 million tranche, with the royalty investor receiving rights to gold and silver production from the Pebble Project.
July 25, 2024 | 3:35 pm
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Northern Dynasty Minerals Ltd. (NYSE:NAK) has received the remaining $10 million royalty payment under the second tranche of its royalty agreement. This payment strengthens the company's financial position and secures future production rights from the Pebble Project.
The receipt of the remaining $10 million royalty payment under the second tranche of the royalty agreement significantly strengthens Northern Dynasty's financial position. Additionally, the secured rights to future gold and silver production from the Pebble Project are likely to positively impact the company's revenue streams.
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