Northern Dynasty Minerals Ltd.

<p>Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern&nbsp;Dynasty&#39;s&nbsp;principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited&nbsp;Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including&nbsp;the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble&nbsp;Partnership is the proponent of the Pebble Project, an initiative to develop one of the world&#39;s most important&nbsp;mineral resources.<br /> Copper is a vital metal for the green energy transition because of its electrical conductivity. The US needs<br /> considerably more copper resources at its disposal in order to achieve its green energy transition goals. By<br /> securing its own supplies of copper, the US can ensure it has the metal available when it is needed to aid in&nbsp;this transition.<br /> The Pebble project is the world&rsquo;s largest undeveloped copper/gold/silver/moly/rhenium deposit. Over more<br /> than 20 years the Pebble Partnership has invested about $1 billion in advancing the understanding of the<br /> deposit, including 1 million feet of core drilling and $150 million in environmental baseline studies. It is<br /> expected to generate about 12,000 jobs per year in the US and Alaska, as well as significant economic<br /> benefits for decades. In 2020 the project received an overwhelmingly positive Final Environmental Impact<br /> statement and then a few months later a negative Record of Decision. The Company has an administrative<br /> appeal of the negative decision underway.</p>