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Northern Dynasty Sinks Along With First Quantum Alaska Deal

Danielle Bochove
Northern Dynasty Sinks Along With First Quantum Alaska Deal

Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska. The two companies were unable to reach an agreement on a proposed deal disclosed in December, Northern Dynasty said Friday in a statement. The arrangement would have given a unit of First Quantum an option to earn a 50 percent interest in Pebble in return for $150 million paid over four years to fund permitting.