Northern Dynasty Receives Final $12M Payment Under Royalty Agreement, Raising Aggregate Total to $60M.

Northern Dynasty Minerals has received a $12 million payment from a royalty investment agreement, bringing the total purchase price to $60 million. The payment represents the fifth and final tranche of investment. The company's stock price increased by 2.9% pre-market on Tuesday.

Northern Dynasty Minerals (NYSE: NAK) saw its stock price increase by 2.9% pre-market on Tuesday after the company received a $12 million payment, representing the fifth and final tranche of investment under its royalty agreement. This payment brings the total purchase price to $60 million Northern Dynasty secures final tranche of $12M royalty investment^[1].

The company stated that the maximum royalty rates under the original royalty agreement are now in effect. This means the royalty holder has the right to receive 10% of the payable gold production and 30% of the payable silver production from the Pebble project. Northern Dynasty Minerals President and CEO Ron Thiessen commented on the investment, stating that the decision to embark on this royalty investment program was made to improve liquidity without issuing equity at what were considered depressed prices. Since entering into the agreement in 2022, the company's share price has increased more than fivefold, validating their decision Northern Dynasty secures final tranche of $12M royalty investment^[1].

Northern Dynasty Minerals is preparing for an upcoming court case, having sought a summary judgment after EPA settlement talks stalled. The company's latest royalty investment is a significant financial move, potentially providing additional stability and liquidity as it navigates its legal challenges.

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Northern Dynasty secures final tranche of $12M royalty investment^[1] https://seekingalpha.com/news/4505947-northern-dynasty-secures-final-tranche-of-12m-royalty-investment