Developer News – Pebble Watch

DOJ officially defends EPA’s Final Determination

Mariah — Fri, 20 Feb 2026 05:07:27 +0000

A key priority for Northern Dynasty Minerals is to have EPA’s 2023 Final Determination – 404(c) “veto” – removed. It is currently in litigation with the EPA, seeking a summary judgement on the merits of its case rather than going to a full trial. On February 17, 2026, this litigation reached a significant milestone when the U.S. Department of Justice (DOJ) filed its formal response brief to…

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NDM receives final funding tranche from mystery investor ahead of schedule

Mariah — Sat, 08 Nov 2025 04:18:35 +0000

Northern Dynasty Minerals (NDM), owner of the proposed Pebble Mine project, announced in October 2025 that it had received the final tranche of a royalty-linked investment totaling US $12 million. The final tranche had been expected by December 31, 2025, so the October payment came in more than two months ahead of the deadline. This represents a cumulative royalty investment in NDM at roughly US…

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What to watch for in 2025

admin — Fri, 06 Dec 2024 00:00:00 +0000

As we head into a new year and a new administration, what should we be looking for in Pebble developments? Will a resource development-friendly administration affect Northern Dynasty Minerals’ (NDM) success in battling regulatory challenges? Will the economy chill – or invigorate – investor appetite for risky investments? There’s no clear answer to these questions, but there are a few…

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Risky Business

admin — Wed, 04 Dec 2024 00:00:00 +0000

A prospective investor or other person reviewing Northern Dynasty for a prospective investor should not consider an investment in Northern Dynasty unless the investor can sustain an economic loss of their entire investment.” – Northern Dynasty Mineral’s Management Discussion and Analysis, September 30, 2024. The Pebble project at its core is a business proposition, one that investors hope…

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Lawsuits, legislation and finances: Pebble news roundup

admin — Wed, 31 Jul 2024 00:00:00 +0000

In April 2024 the U.S. Army Corps of Engineers (Corps) reaffirmed that it wouldn’t issue a key permit for the Pebble project. The decision culminated a years-long appeals process that followed the Corps’ initial 2020 decision to deny developers a Clean Water Act (CWA) 404 permit. In January 2023, the EPA released a Final Determination imposing restrictions and prohibitions at the Pebble…

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Mining claims in the Pebble deposit area

admin — Tue, 30 Jul 2024 00:00:00 +0000

The BBNC Land Department has produced a series of maps for Pebble Watch that show mining claims in the Pebble deposit area and how they have changed over the years. Pebble Limited Partnership claims have decreased from 415.5 square miles in 2017 to 275.7 square miles in 2024. Other developers also have claims in the area and have kept them consistent or reduced the number of claims…

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Northern Dynasty Minerals and State of Alaska sue over federal protections at Pebble deposit site

admin — Wed, 27 Mar 2024 00:00:00 +0000

In March 2024, both Northern Dynasty Minerals (NDM, owner of Pebble Limited Partnership) and the State of Alaska brought lawsuits against the federal government related to its 2023 decision to establish prohibitions/restrictions on certain mining activity near the Pebble mine deposit. Overturning EPA’s Final Determination NDM’s priority case, filed in Federal District Court in…

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Convertible Notes and Private Placement fund Northern Dynasty Minerals efforts for now

admin — Wed, 24 Jan 2024 00:00:00 +0000

As Pebble Watch reported in November, Northern Dynasty Minerals (NDM) – the sole owner of the Pebble Limited Partnership – is in continuous search for investors to help it advance the Pebble project. Several financing methods have been employed in the years since major partner Anglo American pulled out of the project. In December 2023 NDM closed two new deals that will tide it over for…

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Northern Dynasty Minerals continues to face financial challenges

admin — Fri, 01 Dec 2023 00:00:00 +0000

It’s been ten years since Anglo American withdrew from its 50/50 partnership in the Pebble project. Rio Tinto divested its 19% stake shortly thereafter. Since then, Northern Dynasty Minerals (NDM) has pursued a series of bought deals and private placements to raise cash to keep the project going. But money is tight and expenses continue to mount. In an open letter published in September…

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Pebble Watch News Roundup: June 2023

admin — Thu, 22 Jun 2023 00:00:00 +0000

Financial Northern Dynasty’s financial situation has been questionable since major investors pulled out of its singular Pebble project years ago. It did sign on an unnamed private investor last summer, which invested $12 million and could invest up to $60 million for a share of silver and gold that could be produced at the deposit. However, the company’s most recent financials showed it…

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