US Government Backs EPA's Veto of Alaska's Pebble Mine, Northern Dynasty Shares Plummet

Northern Dynasty Minerals' shares plummeted after the US Department of Justice backed the Environmental Protection Agency's veto of the Pebble Mine project in Alaska. The EPA's veto blocks the disposal of mine waste in certain waters within the Bristol Bay area, effectively preventing the project from advancing through the federal permitting process. The project has faced opposition due to its location in the Bristol Bay watershed, home to the world's largest sockeye salmon fisheries.