The Pebble Project is the largest undeveloped copper project in the world. and Canada must have substantial new sources of copper supply so that they do not run the risk of being shut out of manufacturing for this emerging industry. But what is clear is that to create the electricity that the battery will store, and then to transform the electricity back into kinetic energy, requires much more copper than the industry can currently produce." "Battery technology continues to advance, and it is not clear at this time which combination of metals will be the ultimate, most efficient, formula. "Battery metals are emerging as a critical component in the move to a green energy future, and so it is timely that the TSX has formed a Battery Metals Index," said Ron Thiessen, Northern Dynasty President and CEO. There will be a special market opening ceremony this morning to celebrate the launch of this new index. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") announces that it is one of the 40 companies in the new Battery Metals Index of the Toronto Stock Exchange ("TSX"). VANCOUVER, BC / ACCESSWIRE / J/ Northern Dynasty Minerals Ltd. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article.
That’s why I think there’s a lot of potential for current investors at today’s super low prices. The economic and environmental cases are clear. What I do see is that NAK stock has a path forward with its case going back to court. I simply don’t see that either of those are present here given the information presented. Nor am I a person who thinks economic arguments trump environmental concerns. I’m not one for jingoistic rhetoric though it may seem that I am, given what I wrote above. can decrease its reliance on copper imports by 8%, down to 27% of total supply. may find that it is increasingly beholden to foreign powers for copper. in a politically and economically difficult situation given that China is leading production. basically falls behind in copper production. If the Pebble Project isn’t developed the U.S. If it moves forward and is developed there will be massive revenues as copper is used in many green energy projects. The Pebble Project is the second largest undeveloped copper reserve globally. economy at large.įurther, there is a bull market for copper right now with a projected supply deficit to occur for copper. That of course ties the narrative for the Pebble Project into national security and the U.S. There is also a dearth of copper production from within U.S. It is a strategically important resource which makes NAK stock very interesting. There is massive projected demand for copper. Now that the case will be judged on its merits in a court of law, there is reason to believe Northern Dynasty Minerals will be able to move forward with its copper mining plans for the Pebble Project.Īnd there’s a massive opportunity there. No long-term impact to the Bristol Bay commercial fishery and no impact on water quality, jobs for people in the region. No impact on subsistence fish and wildlife resources. Thus, the EPA is now closer to being able to make a determination as to whether it will permit the Pebble Project. On June 17 the company released news that the US Court of Appeals has determined that Northern Dynasty Minerals’ Pebble Project may now be judged on its merits. Investors want to understand Northern Dynasty Minerals’ ongoing case regarding its right to operate a mine in southwest Alaska.Īfter all, the project and profits which will flow therefrom won’t get off the ground without the legal right to operate. If that is successful, then the next hurdle is longer term hope that copper truly returns the projected opportunities it is projected to in the coming years and decades. The case hinges upon the company receiving the right to follow through with its mining plans in southwest Alaska. There will be no quick, overnight answer to whether NAK stock is an obvious investment or not, but I’m going to make the case that there is a lot of reason for optimism currently.
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