the republic logo

Pebble Mine owner sells shares to raise funds for operations, legal fight


JUNEAU, Alaska — Northern Dynasty Minerals Ltd. has raised about $13 million from the sale of shares to help fund operations and an ongoing legal fight in support of the proposed Pebble Mine.

Northern Dynasty is the project's sole owner.

Operations were scaled back in 2013 after a subsidiary of Anglo American PLC withdrew. Northern Dynasty has been looking for a new partner since.

It also has been fighting the U.S. Environmental Protection Agency over a process that could halt or restrict development of the massive gold-and-copper prospect, which is near the headwaters of a world-premier salmon fishery.

Sean Magee, a Northern Dynasty vice president, said he doesn't expect a ramp-up of field operations for the Pebble project. He said the project won't enter into permitting until Northern Dynasty has a new partner.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.