NAK stock has experienced an increase of 8.29% in the aftermarket on 3rd September 2021 without any specific reason. However, the last trading session concluded at $0.41 with an increase of 1.74%.
Pebble administrative appeal assigned to a Review Officer
On 16th August 2021, the US Army Corps of Engineers has informed Pebble Limited Partnership that a new Review Officer has been delegated to appeal the federal agency’s issuance for Alaska’s Pebble Project.
Northern Dynasty announced that the USACE will appoint a new RO to head the Pebble appeal since the former RO had been promoted out of the post. The new RO is scheduled to lay out a comprehensive timeline for the administrative appeal procedure, including the possibility of a site visit and an appeal conference.
Pebble Project facilities unaffected by 8.1M earthquake in Alaska
NAK announced on 10th August 2021 that Pebble Limited Partnership (“Pebble Partnership”) has determined that the 8.1 magnitudes (“M”) earthquake struck Alaska. It caused significantly less ground movement at the project site than the seismic events considered in the assessment of the stability of its proposed tailings facility designs.
The Pebble Partnership has analyzed the seismic risk at the Pebble site in order to ensure that projected tailings embankments and other mine infrastructure will not fail even in the most severe seismic occurrences, which is unlikely to happen.
NAK announced Annual General Meeting Results
NAK announced the annual general meeting results on July 2, 2021. A total of 211,163,589 common shares were voted at the Meeting, accounting for 41.17 percent of all common shares of record.
All of the priorities for the Meeting were approved by the shareholders, including the election of the following directors: 56.58% were in favor of Desmond Balakrishnan, 97.60%, supported Steven Decker, 92.15% with Robert Dickinson, 56.61% voted for Gordon Keep, 97.46% were with Wayne Kirk, 87.65% in favor of David Laing, 97.61% voted for Christian Milau, 87.99% went for Kenneth Pickering, while 97.94% were with Ronald Thiessen.
At-The-Market Offering of up to US$14.5 Million by NAK
NAK has signed an At-the-Market Offering Agreement with H.C. Wainwright & Co., dated June 21, 2021. The Company shall be able to offer common shares with an aggregate gross sales price of up to US$14.5 million.
The Common Shares will be sold immediately on the NYSE American stock exchange (“NYSE American”) or on any other trading market in the United States. However, no transactions or offers shall be made on the Toronto Stock Exchange or other Canadian trading marketplaces.
