December 5, 2020 - An investor in shares of Northern Dynasty Minerals Ltd. (NYSE: NAK) filed a lawsuit in the U.S. District Court for the Eastern District of New Jersey over alleged violations of Federal Securities Laws by Northern Dynasty Minerals Ltd. in connection with certain allegedly false and misleading statements made between December 21, 2017 and November 25, 2020.

Canada based Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. On November 25, 2020, Northern Dynasty's TSX shares were briefly halted after the U.S. Army Corps of Engineers rejected the environmental plan for the Pebble Mine in Alaska. The corps said that the project would violate Clean Water Act guidelines and is contrary to the public interest.

Shares of Northern Dynasty Minerals Ltd. (NYSE: NAK) declined to as low as $0.35 per share on November 25, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Northern Dynasty Minerals Ltd. (NYSE: NAK) common shares between December 21, 2017 and November 25, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 21, 2017 and November 25, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company’s Pebble Project was contrary to Clean Water Act guidelines and to the public interest, that the Company planned that the Pebble Project would be larger in duration and scope than conveyed to the public, that as a result, the Company’s permit applications for the Pebble Project would be denied by the U.S. Army Corps of Engineers, and that as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.