Northern Dynasty Mineral Ltd. stock jumped as much as 32 per cent Wednesday after it received a crucial permit from the Alaska government that could see its Pebble project clear a 10-year-long development hurdle.
The Vancouver-based company, which has also recently been the target of a short-seller campaign, said late Tuesday its U.S. subsidiary Pebble Limited Partnership has received notice of approval for a miscellaneous land use permit from the Alaska Department of Natural Resources.
Its stock was trading up 31.7 per cent at $2.41 apiece in midday trading on the Toronto Stock Exchange. Shares had been on a tear, rising nearly 300 per cent since the November election of U.S. President Donald Trump on speculation that his administration would loosen environmental regulations that have held back its Pebble copper-gold project. Continue Reading →