Northern Dynasty Receives Final $12M Royalty Payment, Activating 10% Gold And 30% Silver Royalties On Pebble Project
Benzinga · 10/20 21:52
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Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE:NAK) ("Northern Dynasty" or the "Company") is pleased to announce the receipt of a $12 million payment representing the fifth and final tranche of investment under the Company's royalty agreement ("Royalty Agreement") dated July 26, 2022, as amended. All amounts are in U.S. dollars unless otherwise noted.
The payment was received well before the December 31, 2025, deadline, and brings the aggregate total purchase price to $60 million. The maximum royalty rates under the original Royalty Agreement are now in effect. Accordingly, 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.
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