Northern Dynasty Minerals: Gains after Trump tweet on Pebble mine review

Northern Dynasty Minerals

17/09/2020 15:15

** Canadian miner's shares  NDM.TO  up more than 23% at
C$1.55
    ** U.S. President Donald Trump tweets about company's Pebble
Mine project review process
    ** "Don't worry, wonderful & beautiful Alaska, there will be
NO POLITICS in the Pebble Mine Review Process. I will do what is
right for Alaska and our great Country!!!"- Trump says in a
tweet (https://bit.ly/3cbAnam)
    ** There have been rising doubts over whether company can
clear regulatory hurdles for its Pebble mine project in Alaska
 urn:newsml:reuters.com:*:nL1N2FR1O4
    ** Last week, short seller J Capital alleged in a report the
project will lose money, leave investors with stranded assets
and be "canceled anyway if Joe Biden is elected" [https://bit.ly/2FGkKf9
]
    ** Pebble mine, one of the world's largest copper and gold
deposits, has seen multiple regulatory roadblocks over the past
13 years  urn:newsml:reuters.com:*:nL1N2FR1JK

 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))