Shares of Northern Dynasty Minerals Ltd. (NYSE American: NAK) rocketed 20.97% at $0.85 at the time of writing on Friday. The firm has disclosed Thursday that USACE has agreed to the appeal of Pebble Limited Partnership to commence a request process concerning Pebble’s southwest Alaska Project and a negative ROD issued by its Alaska District in November 2020.
Earlier, on January 19, 2021, the fully-owned unit of NAK, Pebble Limited Partnership, proposed a Request for Appeal to the USACE's Pacific Ocean Division Engineer. The USACE verified the Pebble Partnership's RFA is complete and fulfilled the standards for appeal.
Shares of Northern Dynasty Minerals Ltd. (AMEX: NAK) has gained +0.14 at the time of writing on Friday. During the trading session of Friday, the firm has recorded a trading volume of 127.86 million as compared to the average volume of 42.22 million. In the past 52-week of trading, the firm share fluctuated between the 52-week low range of $0.31 and the $52-week high range of $2.49. Northern Dynasty has a total market capitalization of $343.10 million at the time of writing.
Furthermore, the USACE Alaska District issued a final EIS for the recommended copper-gold-molybdenum-silver-rhenium mine in July 2020. The finding of EIS disclosed that Pebble would "not have significant impacts" on fish populations or fisheries in southwest Alaska.