NAK DEADLINE TOMORROW: Hagens Berman Alerts Northern Dynasty Minerals (NAK) Investors to Lead Plaintiff Deadline, Encourages Investors with Losses to Contact its Attorneys
Hagens Berman Sobol Shapiro LLP, 01 February 2021
Hagens Berman urges Northern Dynasty Minerals Ltd. (NYSE: NAK) investors to submit their losses now. A securities fraud class action is pending before the U.S. District Court for the Eastern District of New York and certain investors may have valuable claims.
The lawsuit alleges Northern Dynasty and senior executives misled investors about the viability of the company’s proposed Pebble Project, a large mining project in Alaska.
In past quarters, Northern Dynasty repeatedly touted its progress in obtaining the necessary permitting for the Pebble Project. The company and senior management also repeatedly assured investors that the Pebble Project design included a substantially reduced development footprint and meaningful new environmental safeguards and, as a result, would likely receive necessary permits from federal, state and local regulatory agencies.
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Northern Dynasty calls JCap report ‘fatuous, flimsy and self-serving’
MINING.COM Staff Writer, 11 September 2020
In a report titled Pretend and Extend – The No Return Deposit, New York-based JCap this week accused Northern Dynasty management of “gaslighting investors” over its giant Alaska copper and gold Pebble project and said the mine plan “is on its face absurd.”
“We believe Northern Dynasty has crafted a money-losing mining plan to achieve government approvals. Since management is bonused on lobbying success instead of for producing minerals, NAK has no reason to care that the new plan is irrational: we think it will lose money, leave investors with a stranded asset, and be canceled anyway if Joe Biden is elected,” JCap said in its report.
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Shareholder Alert: Robbins LLP Announces Northern Dynasty Minerals Ltd. (NAK) is Being Sued for Misleading Shareholders
Business Wire, 09 September 2020
Shareholder rights law firm Robbins LLP announces that a purchaser of Northern Dynasty Minerals Ltd. (NYSE American: NAK) filed a class action complaint against the Company and its officers and directors for alleged violations of the Securities & Exchange Act of 1934 between December 21, 2017 and November 25, 2020. Northern Dynasty engages in the exploration of mineral properties in the U.S. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers approximately 417 square miles in southwest Alaska.
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Northern Dynasty Minerals (NAK) And The Trump Tales
The Street Sweeper’s Blog, 09 February 2017
Northern Dynasty Minerals (NYSEMKT:NAK) may be using Trump tales to hook investors. The company appears to be allowing distribution of extremely aggressive and possibly misleading news – even suggesting the new administration has “a desire to permit” Northern’s stalled project. These claims appear to be nothing but hype used in an effort to pump up the stock.
And it’s working. The stock darted upward about 75% after a couple of key stories hit in late December and January, spreading misconception about Northern.
Northern wants to mine copper and gold deposits along Alaska’s Bristol Bay watershed which supports the world’s biggest sockeye salmon fishery. But the “Pebble” project has been stalled for three years amid a firestorm of opposition and a lawsuit with regulators. Northern sued the Environmental Protection Agency in 2014 after the agency used a rare veto initiative to block mine construction before the company had applied for a federal permit. Northern lost its funding partners a year earlier after half-a-billion-dollars in costs and permitting problems.
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Northern Dynasty Minerals (NAK): Looming Dilution Potential, 6 More Downside Risks
The Street Sweeper’s Blog, 16 August 2016
Northern Dynasty Minerals (NYSEMKT:NAK) proposes to build a massive copper and gold mine in Alaska’s Bristol Bay headwaters. But opposition has stretched over the past decade to block any advancement. Meanwhile the downside risks are piling up, including:
*Momentum trading influences the stock price in this company with “going concern” issues.
*A major investor has recently sold 4 million shares.
*The same investor recently promoted the stock on TV.
*Low cash, high burn are forcing NAK to issue stock. More dilutive shares will be ready for sale in October.
*Local opposition is stronger than ever, according to one observer.
*Copper prices are low amid oversupply concerns.
After a decade of controversy over its proposed Pebble mine, Northern Dynasty Minerals (NAK) is still absolutely nowhere. At first glimpse, unwary investors might expect significant news because the stock has practically doubled over a month to unsustainable levels.
The Pebble property covers 153 square miles of land in Alaska, taking in at least 15 square miles for the proposed mine operation and tailings ponds. The project would place one of the world’s largest copper and gold mine against the world’s largest salmon fishery and environmental concerns.The project has not yet entered the permitting phase.
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