Northern Dynasty shares jump 10.23% intraday after securing $12M in royalty financing amid legal delays over Alaska project.

Northern Dynasty surged 10.23% intraday after securing $12 million in a third tranche of royalty financing, totaling $36 million of a $60 million available facility to fund its prolonged legal battle against the EPA over the Alaska Pebble project. The stock’s rise followed renewed clarity on legal timelines, with the DOJ’s response deadline pushed to February 2026 and the EPA’s rebuttal to April 2026, alongside the company’s reaffirmed commitment to pursue both legal and diplomatic resolution paths. Despite extended delays, the infusion of capital and management’s emphasis on continued negotiations were interpreted by investors as signs of resilience, mitigating short-term skepticism about the project’s regulatory hurdles. Unrelated news about unrelated stocks and tech sector volatility had no material impact on the stock’s movement.