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By A.J. Roan
Mining News 

Northern Dynasty raises capital for Pebble

Continues to fund world-class project for Alaskan prosperity North of 60 Mining News – December 22, 2023

 

Last updated 1/4/2024 at 12:02pm

Pilots flying over a drill rig on a snowy field in Southwest Alaska.

Northern Dynasty Minerals Ltd.

Well over $1 billion has been invested into outlining a world-class deposit at Pebble capable of producing 6.4 billion pounds of copper, 300 million pounds of molybdenum, 7.4 million ounces of gold, 37 million ounces of silver, and 200,000 kilograms of rhenium over an initial 20 years of mining.

Northern Dynasty Minerals Ltd. Dec. 21 announced a nice holiday surprise as it closed US$15 million in convertible notes and roughly C$3.4 million in non-brokered private placement offerings.

Despite the uncertainty surrounding the status of Pebble, Kopernik Global Investors LLC out of Florida has purchased convertible notes (basically a loan that gives the option to be paid out as shares) towa...



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