May 25, 2018 / 10:24 AM / 7 months ago

BUZZ- Northern Dynasty: Drops as partnership talks with First Quantum ends

** Northern Dynasty Minerals shares drop ~12 pct premarket after the Canadian mine developer and First Quantum Minerals ends talks to partner on an Alaska mine

** NAK is the 5th most heavily traded stock and the 2nd biggest pct loser in premarket trading

** Northern Dynasty’s Pebble copper and gold mine has faced opposition from the U.S. EPA and environmentalists

** Copper producer First Quantum in mid-Dec agreed to take an option to buy a 50 pct stake in the project for $1.50 bln

** Over the past two months, the companies have twice extended a deadline to seal a deal, and on Friday terminated the framework agreement

** Since mid-Dec, Northern Dynasty’s shares have sunk nearly 68 pct, while First Quantum’s shares have gained 21.5 pct (Reporting by Savio D’Souza)

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