Northern Dynasty shares up as Pebble inches forward

The contentious Pebble project inched forward on Wednesday, as the US Army Corp of Engineers posted a draft environmental impact statement (DEIS) for the Alaska gold/copper project, sending developer Northern Dynasty’s TSX-listed stock up nearly 20%.

Northern Dynasty subsidiary Pebble Limited Partnership (PLP) CEO Tom Collier said in a statement that the DEIS showed no major data gaps or substantive impacts associated with a mine at the Pebble site. “We see no significant environmental challenges that would preclude the project from getting permit and believe this shows Alaska stakeholders that there is a clear path forward for this project.”