Canada's Northern Dynasty Minerals falls after raising going concern doubt

Northern Dynasty Minerals

15/05/2023 14:57

** Shares of Canada-based Northern Dynasty Minerals  NDM.TO 
fall 3.2% to 30 Canadian cents
    ** Co raises doubts about its ability to continue as a going
concern if it fails to raise capital for the Pebble copper and
gold mining project in Alaska
    ** Says it is in process of exploring and evaluating the
Pebble project
    ** Adds that it has not yet determined whether the project
contains mineral reserves that are economically recoverable
    ** As of March 31, NDM and its units had C$9.4 mln ($7 mln)
in cash and cash equivalents for its operating requirements and
working capital of C$8.1 mln
    ** Including session losses, stock flat YTD

 (Reporting by Arshreet Singh)
 ((Twitter: https://twitter.com/Arshreets))