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May 26, 2018

Northern Dynasty sinks along with financing deal with First Quantum - May 26, 2018. GATA | THE GATA DISPATCH.

Northern Dynasty sinks along with financing deal with First Quantum

Submitted by cpowell on 02:04PM ET Saturday, May 26, 2018. Section: Daily Dispatches By Danielle Bochove
Bloomberg News
Friday, May 25, 2018
Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska.
The two companies were unable to reach an agreement on a proposed deal disclosed in December, Northern Dynasty said in a statement. The arrangement would have given a unit of First Quantum an option to earn a 50 percent interest in Pebble in return for $150 million paid over four years to fund permitting.
The project at one of the largest copper and gold deposits has been fraught for years. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-05-25/northern-dynasty-cras...