U.S. Markets open in 4 hrs 30 mins

Northern Dynasty and First Quantum Minerals Terminate Framework Agreement

VANCOUVER , May 25, 2018 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") advises that Northern Dynasty and First Quantum Minerals Ltd. ("First Quantum") (FM.TO) have been unable to reach agreement on the option and partnership transaction contemplated in the December 15, 2017 framework agreement (the "Framework Agreement") between the parties. As such, the Framework Agreement has been terminated in accordance with its terms.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada . Northern Dynasty's principal asset, owned through its wholly-owned Alaska -based US subsidiary Pebble Limited Partnership and other wholly-owned subsidiaries, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska , including the Pebble deposit. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.

Ronald W. Thiessen
President & CEO

Forward Looking Information and other Cautionary Factors

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance or the outcome of litigation.

Assumptions used by the Company to develop forward-looking statements include the following: the Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive, and no geological or technical problems will occur. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any litigation, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for surface or underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.

Cision

View original content:http://www.prnewswire.com/news-releases/northern-dynasty-and-first-quantum-minerals-terminate-framework-agreement-300654894.html

SOURCE Northern Dynasty Minerals Ltd.


View original content: http://www.newswire.ca/en/releases/archive/May2018/25/c4361.html

  • This Is the Average American's Salary. How Does Yours Compare?
    Business
    Motley Fool

    This Is the Average American's Salary. How Does Yours Compare?

    In an age of oversharing, many of us are remarkably tight-lipped when it comes to talking salary. But in reality, knowing where you stand can help you determine whether you're in a good place or whether you should be taking steps to boost your earnings

  • Is This High-Flying Marijuana Stock the Next Tilray?
    Business
    Motley Fool

    Is This High-Flying Marijuana Stock the Next Tilray?

    Since then, Tilray's share price has skyrocketed to well over six times its opening-day level. At one point, Tilray was up a whopping 856% -- in just two months of trading. Now there's another marijuana stock that is beginning to turn heads.

  • Business
    Fox Business

    How much Uber, Lyft drivers really make

    With the rise of the gig economy, many people are turning to ridesharing platforms such as Uber and Lyft to find work. Despite the differences in the platforms, average nationwide earnings for both Uber and Lyft are comparable. A 2015 study by SherpaShare found that an average driver’s gross earnings per trip in New York City was $29.34 for UberX and $28.82 for Lyft, compared with only $11.53 for UberX and $11.36 for Lyft in Los Angeles.

  • Prince Harry and Meghan Markle Arrive in Australia to Start 16-Day Pacific Tour
    News
    Meredith Videos

    Prince Harry and Meghan Markle Arrive in Australia to Start 16-Day Pacific Tour

    A beaming Meghan Markle looked remarkably unfatigued by a 22-hour flight as she walked out of Sydney’s airport with Prince Harry on Monday for a rest day before they officially start a 16-day tour of Australia and the South Pacific.

  • Better Marijuana Stock: Aurora Cannabis vs. Auxly Cannabis Group
    Business
    Motley Fool

    Better Marijuana Stock: Aurora Cannabis vs. Auxly Cannabis Group

    One is market cap: Aurora's market cap is nearly 18 times bigger than Auxly's. Then there's stock performance. Here's how Aurora Cannabis and Auxly Cannabis Group stack up against each other in the areas that do matter.

  • Sears, once a retail titan, files for Chapter 11 bankruptcy
    Business
    Reuters

    Sears, once a retail titan, files for Chapter 11 bankruptcy

    The Chapter 11 filing to reorganize debts of the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Chief Executive Officer Eddie Lampert in an attempt to turn around the company he bought in 2004. Lampert had pledged to restore Sears to its glory days, when it owned the tallest building in the world and companies that included a radio station and Allstate insurance.

  • Read This Before You Sell Your Chinese Tech Stocks
    Business
    Motley Fool

    Read This Before You Sell Your Chinese Tech Stocks

    It's been a tough year for Chinese tech stocks, which were torpedoed by the country's escalating trade war with the U.S. and rising interest rates. Baidu (NASDAQ: BIDU), Alibaba (NYSE: BABA), and Tencent (NASDAQOTH: TCEHY) -- the three high-growth "BAT" stocks, which were often compared to the FANG stocks in the U.S. -- each lost more than 20% of their value over the past 12 months. Investors sitting on those big declines are probably wondering if it's time to sell all their Chinese stocks.

  • Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'
    World
    Yahoo Finance

    Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'

    Prominent members of the world’s business community are dropping out of Saudi Arabia’s Future Investment Initiative, a conference that is widely known as the “Davos of the Middle East,” after the disappearance of journalist Jamal Khashoggi, a columnist at the Washington Post. Turkey has accused Saudi Arabia of sending a large task force to murder him and dismember his body. By Sunday evening, JP Morgan CEO Jamie Dimon had pulled out, along with Ford chair Bill Ford.

  • It’s Official -- These 5 Social Security Changes Are Coming for 2019
    Business
    Motley Fool

    It’s Official -- These 5 Social Security Changes Are Coming for 2019

    For workers, Social Security's maximum taxable earnings are increasing, and more income will be required to earn a Social Security "credit." Beneficiaries who claimed Social Security early and still work will be happy to learn they'll be able to earn more without a benefit reduction in 2019, and for high earners, the maximum possible Social Security benefit is also on the rise. With all of that in mind, here are the recently released details of these five 2019 Social Security changes. As I mentioned, Social Security beneficiaries are getting a 2.8% COLA starting with their January 2019 benefit payment.

  • Better Buy: Aphria Inc. vs. Constellation Brands, Inc.
    Business
    Motley Fool

    Better Buy: Aphria Inc. vs. Constellation Brands, Inc.

    Aphria ranks as one of the top Canadian cannabis growers, a pure-play marijuana stock if there ever was one. Big alcoholic beverage maker Constellation Brands dipped its toes in the water of the cannabis industry last year, buying a 9.9% stake in Canopy Growth (NYSE: CGC).

  • Better Buy: General Electric Company vs. Boeing
    Business
    Motley Fool

    Better Buy: General Electric Company vs. Boeing

    Boeing (NYSE: BA) and General Electric (NYSE: GE) are two industrial heavyweights that have been moving in opposite directions in recent years. Boeing shares are up 164% during the past three years, while shares of GE are down 52% during the same period. The reasons the stocks have moved the way they have are well-documented: Boeing is benefiting from perhaps the longest-running commercial aircraft order up-cycle in history, while GE has been plagued by its massive debt load and a slowdown in the energy sector.

  • News
    CNBC

    He retired at 34. Here's how many people are enjoying a very early retirement

    Retiring in your 60s and 70s can seem a challenge to pull off. A few early retirees break down how they did it. Retiring comfortably in yours 60s or 70s can seem a high-wire act, so how are some people pulling it off without a wrinkle in their face?

  • 3 Dividend Stocks That Pay You More Than ExxonMobil Does
    Business
    Motley Fool

    3 Dividend Stocks That Pay You More Than ExxonMobil Does

    It's hard to believe, but not long ago, ExxonMobil was the most valuable company in the world. Below, three Fool.com contributors have highlighted stocks that have even higher payouts: wood pellet producer Enviva Partners (NYSE: EVA), telecom giant Verizon Communications (NYSE: VZ), and REIT Retail Opportunity Investments (NASDAQ: ROIC). Brian Stoffel (Enviva Partners): You've probably never heard of Enviva Partners, but if you're a serious income investor, it should be on your radar.

  • Microsoft Earnings: Mark Your Calendar
    Business
    Motley Fool

    Microsoft Earnings: Mark Your Calendar

    Software giant Microsoft (NASDAQ: MSFT) has continued to impress investors in 2018 amid its ongoing progress becoming a more cloud-centric company. Microsoft reports its first-quarter earnings for fiscal 2019 on October 24. Ahead of Microsoft's earnings release, here's an overview of some of the key areas investors will want to watch. Core to Microsoft's momentum recently is the company's rapidly growing commercial-cloud revenue.

  • Saudis Vow to Hit Back Against Any Measures Over Khashoggi
    World
    Bloomberg

    Saudis Vow to Hit Back Against Any Measures Over Khashoggi

    Brent crude, the global oil benchmark, earlier this month hit a 4-year high above $85 a barrel. Trump has vowed “severe punishment” should Saudi Arabia be linked to the disappearance of Jamal Khashoggi, who hasn’t been seen since he entered the kingdom’s consulate in Istanbul on Oct. 2 to obtain a document for his upcoming wedding. In an excerpt from an interview with CBS’s “60 Minutes” to be broadcast on Sunday night, Trump said: “It’s being looked at very, very strongly.

  • Alec Baldwin Urges Voters to 'Overthrow' the Trump Government in Midterm Elections
    News
    Meredith Videos

    Alec Baldwin Urges Voters to 'Overthrow' the Trump Government in Midterm Elections

    Actor Alec Baldwin followed up his latest parody portrayal of President Donald Trump with a serious call Sunday night for voters to use the Nov. 6 midterm elections to peacefully “overthrow” the government.

  • A Sears liquidation could create some winners and over 100,000 losers
    Business
    MarketWatch

    A Sears liquidation could create some winners and over 100,000 losers

    Sears Holdings Corp.’s seemingly imminent liquidation could create some winners and many losers, according to experts. With major lenders now pressing for liquidation versus reorganization, Sears (SHLD)  could soon be going out of business. The large players in the appliance category, including Lowe’s Cos. (LOW)  , Home Depot Inc. (HD) , and Best Buy Co. Inc. (BBY) , stand to gain shares and scale even if there’s a temporary discounting disruption, according to UBS analysts led by Michael Lasser.

  • Netflix, Goldman, and 50 others report earnings — What you need to know in markets for the week ahead
    Business
    Yahoo Finance

    Netflix, Goldman, and 50 others report earnings — What you need to know in markets for the week ahead

    It was a brutal week for investors. The major indexes rallied on Friday with the Dow gaining about 1% and the Nasdaq rising more than 2%, but this move didn’t quite heal the week’s scars as each index fell more than 3%. “After Thursday’s bloodbath, US

  • This $372 Million Windfall for Aurora Cannabis Could Be Just the Beginning
    Business
    Motley Fool

    This $372 Million Windfall for Aurora Cannabis Could Be Just the Beginning

    Investors have never been more excited about the prospects for marijuana stocks, and many of the best-known first movers in the industry call Canada their home. Aurora Cannabis (NASDAQOTH: ACBFF) (TSX: ACB) is one of the major companies in the cannabis industry looking to cash in on the impending legalization of recreational marijuana in Canada, and it's put together an impressive set of resources designed to let it take maximum advantage of growing consumer interest in cannabis products. Like most up-and-coming companies, Aurora Cannabis isn't consistently profitable, and the marijuana producer is spending freely to ramp up its production capabilities to stay ahead of competitors.

  • A Google engineer took a 50% pay cut to leave his job and join a startup, and 3 years later, he isn't sorry
    Finance
    Business Insider

    A Google engineer took a 50% pay cut to leave his job and join a startup, and 3 years later, he isn't sorry

    Software engineer Daren Makuck left a high-paying job at Google and took a 50% pay cut to work at a startup called Qwil. An interaction he had with Qwil CEO Johnny Reinsch convinced him it was the right career move. Makuck even refused to increase his salary when the time came, to Reinsch's surprise.

  • Business
    Benzinga

    Bulls & Bears Of The Week: GE, Netflix, Nike, Twitter And More

    Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included an old-school conglomerate and a social media pair. Bearish calls included an electric car maker and a pharmaceutical firm. Another major hurricane

  • Finance
    TheStreet.com

    Jim Cramer Says 'Amazon's Never Been Cheap'

    Jim Cramer held a boot camp for investors Saturday in New York. "One of the biggest themes that we invest on is network effect," said Naomi Shah, an analyst with Union Square Ventures. "Netflix is only focused on the streaming opportunities," he said.

  • 2 Hot Marijuana Stocks Listing Soon on U.S. Exchanges -- Are They Buys?
    Business
    Motley Fool

    2 Hot Marijuana Stocks Listing Soon on U.S. Exchanges -- Are They Buys?

    Two marijuana stocks that are currently listed on Canadian stock exchanges soon plan also to list on U.S. stock exchanges. Aurora Cannabis (NASDAQOTH: ACBFF) (TSX: ACB) expects to trade on the New York Stock Exchange (NYSE) by the end of October and Aleafia Health (NASDAQOTH: ALEAF) should soon trade on the Nasdaq stock exchange. Are these hot marijuana stocks that are coming soon to U.S. stock exchanges smart picks to buy now?

  • Oil prices rise on Saudi tensions; demand outlook drags
    World
    Reuters

    Oil prices rise on Saudi tensions; demand outlook drags

    Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices. Benchmark Brent crude oil (LCOc1) jumped by $1.49 a barrel to a high of $81.92 before slipping to $80.83, up 40 cents, by 0745 GMT. "Growing tensions over the disappearance of journalist Jamal Khashoggi at the Saudi consulate in Istanbul has proved supportive for oil prices," said ING commodities strategist Warren Patterson.

  • If You're Retired, Consider Buying These 3 Stocks
    Business
    Motley Fool

    If You're Retired, Consider Buying These 3 Stocks

    Magellan Midstream Partners, L.P. (NYSE: MMP), PPL Corporation (NYSE: PPL), and ExxonMobil Corporation (NYSE: XOM) are all high yielding dividend payers with long histories of increasing their dividends on a regular basis. Magellan has long been one of the most conservative midstream partnerships, focusing on self-funding as much of its growth as it can to avoid dilutive unit sales -- a model which peer and industry bellwether Enterprise Products Partners L.P. is starting to mimic. This conservative approach, however, doesn't mean the company is skimping on growth.