Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
Copper is a vital metal for the green energy transition because of its electrical conductivity. The US needs
considerably more copper resources at its disposal in order to achieve its green energy transition goals. By
securing its own supplies of copper, the US can ensure it has the metal available when it is needed to aid in this transition.
The Pebble project is the world’s largest undeveloped copper/gold/silver/moly/rhenium deposit. Over more
than 20 years the Pebble Partnership has invested about $1 billion in advancing the understanding of the
deposit, including 1 million feet of core drilling and $150 million in environmental baseline studies. It is
expected to generate about 12,000 jobs per year in the US and Alaska, as well as significant economic
benefits for decades. In 2020 the project received an overwhelmingly positive Final Environmental Impact
statement and then a few months later a negative Record of Decision. The Company has an administrative
appeal of the negative decision underway.