VANCOUVER, April 3, 2019 /PRNewswire/ - Northern Dynasty
Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or
the "Company") announces that its Annual General Meeting ("AGM") of
Shareholders will be held at 2:00 pm PDT on
Tuesday June 11, 2019.
Meeting materials with details on the location of the meeting
will be mailed to shareholders on or about May 2, 2019.
The Company also advises that consistent with previous years its
audited consolidated financial statements for the fiscal year ended
December 31, 2018, included in the
Company's Annual Report on Form 40F, contained an audit report from
its independent registered public accounting firm with a going
concern emphasis of matter. Release of this information is required
by Section 610(b) of the NYSE American Company Guide. It does not
represent any change or amendment to any of the Company's filings
for the fiscal year ended December 31,
2018.
The Company also announces that Mark
Peters has joined Northern Dynasty as Chief Financial
Officer ("CFO"), replacing Marchand
Snyman who has resigned from his role with the Company.
Mark Peters has more than 18
years of experience in the areas of financial reporting and
taxation, working primarily with Canadian and US public
corporations. He is an experienced Chief Financial Officer, having
served as CFO for Hunter Dickinson Services Inc. ("HDI") since 2016
and a TSX Venture-listed company since 2012. Prior to that, Mr.
Peters led the tax department for the HDI group of companies.
Before joining HDI in 2007, Mr. Peters worked for
PricewaterhouseCoopers LLP in the both the audit and tax
groups.
Mr. Peters is a Chartered Professional Accountant and holds a
Bachelor of Arts degree in Economics from the University of Victoria.
"I've had the pleasure of working with Mark for several years,
both in his capacity as CFO for HDI and as Senior Manager of the
tax function, where he provided strategic counsel and implemented
efficient financial planning to the public companies associated
with Hunter Dickinson Inc.," said Ron
Thiessen, Northern Dynasty President and CEO. "We welcome
him to the Northern Dynasty team."
Thiessen added: "I would also like to acknowledge and thank
Marchand Snyman for his
contributions to Northern Dynasty as CFO over the past 11
years." While Marchand is resigning as CFO at Northern
Dynasty he will be remaining with HDI and therefore available to
the Company.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development
company based in Vancouver,
Canada. Northern Dynasty's principal asset, owned through
its wholly-owned Alaska-based US
subsidiary Pebble Limited Partnership, is a 100% interest in a
contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. PLP is
the proponent of the Pebble Project, an initiative to develop one
of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project,
please visit the Company's website at
www.northerndynastyminerals.com or contact Investor services at
(604) 684-6365 or within North
America at 1-800-667-2114. Review Canadian public filings at
www.sedar.com and US public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other
Cautionary Factors
This release includes certain statements that may
be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
future events that the Company expects are forward-looking
statements. Although the Company believes the expectations
expressed in its forward-looking statements are based on reasonable
assumptions, such statements should not be in any way construed as
guarantees of the ultimate size, quality or commercial feasibility
of the Pebble Project or of the Company's future performance or the
outcome of litigation.
Assumptions used by the Company to develop forward-looking
statements are that the Pebble project will be evaluated based on
technical and scientific criteria free from undue political or
legal interference. The likelihood of future mining at the Pebble
Project is subject to a large number of risks and will require
achievement of a number of technical, economic and legal
objectives, including obtaining necessary mining and construction
permits, approvals, licenses and title on a timely basis and delays
due to third party opposition, changes in government policies
regarding mining and natural resource exploration and exploitation,
the final outcome of any litigation, completion of pre-feasibility
and final feasibility studies, preparation of all necessary
engineering for surface or underground mining and processing
facilities as well as receipt of significant additional financing
to fund these objectives as well as funding mine construction. Such
funding may not be available to the Company on acceptable terms or
on any terms at all. There is no known ore at the Pebble Project
and there is no assurance that the mineralization at the Pebble
Project will ever be classified as ore. The need for compliance
with extensive environmental and socio-economic rules and practices
and the requirement for the Company to obtain government permitting
can cause a delay or even abandonment of a mineral project. The
Company is also subject to the specific risks inherent in the
mining business as well as general economic and business
conditions. For more information on the Company, Investors should
review the Company's filings with the United States Securities and
Exchange Commission and its home jurisdiction filings that are
available at www.sedar.com. Northern Dynasty does not have
control over the contents of the USACE website and therefore
Northern Dynasty cannot either endorse the contents or assume
responsibility for the website's contents other than for
submissions thereon actually made by Northern Dynasty. The National
Environmental Policy Act EIS process requires a
comprehensive "alternatives assessment" be undertaken to consider a
broad range of development alternatives. Accordingly, the
final project design and operating parameters for the Pebble
Project and associated infrastructure may vary significantly from
that currently being advanced. As a result, the Company will
continue to consider various development options and no final
project design has been selected at this time.
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SOURCE Northern Dynasty Minerals Ltd.