Northern Dynasty Minerals (NAK) Files Petition to Overturn Pebble Mine Project 'Veto'

Northern Dynasty Minerals Ltd. (NYSE:NAK) is one of the best multibagger penny stocks to buy, according to analysts. On July 18, the company confirmed it has filed a motion in the Federal District Court in Alaska seeking a summary judgment on the veto of its Pebble Mine project.

The filing follows discussions with the Environmental Protection Agency, which have failed to yield results, prompting the need for legal action. In its filing, Northern Dynasty is seeking a summary judgment motion that will expedite a ruling on what it terms an unlawful veto of a project that will reduce US reliance on other nations for a critical mineral.

The company has termed the Pebble mine project as the largest undeveloped copper project in the world. The company wants the veto to be lifted as mining operations on the project would align with the Trump administration’s push for US self-sufficiency in critical metals.

Northern Dynasty Minerals Ltd. (NYSE:NAK) is a mineral exploration and development company focused on the Pebble Project, an undeveloped copper-gold-molybdenum-silver-rhenium deposit in Alaska. The company, through its subsidiary Pebble Limited Partnership, is working towards developing this project into a modern, long-life mine.

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Disclosure: None. This article is originally published at Insider Monkey.