Developer of Alaska's Pebble mine raises going-concern doubts (updated)

Northern Dynasty Minerals

15/05/2023 12:19

(Adds background on the project)
       May 15 (Reuters) - Canada's Northern Dynasty Minerals
Ltd  NDM.TO  on Monday raised doubts about its ability to
continue as a "going concern" if the company is unable to raise
the necessary capital resources for its Pebble copper and gold
mining project in Alaska.
    The Pebble project has been through a roller coaster of
regulations for the past 15 years. Former U.S. President Barack
Obama opposed the project, and his successor Donald Trump
ultimately did, too, after deciding it was too risky.
        President Joe Biden has also long opposed the project
and took steps upon taking office in 2021 to permanently protect
Alaska's Bristol Bay.
  
        In January the U.S. Environmental Protection Agency said
it plans to take steps 
    to block
     the proposed Pebble project by preventing Northern Dynasty
from storing mine waste in the state's vast watershed.
  

 (Reporting by Arunima Kumar in Bengaluru; editing by Eileen
Soreng)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
 ;))