July 12, 2017 / 10:51 AM / a year ago

BUZZ-Northern Dynasty Minerals: EPA green signals Alaska mine

** U.S.-listed shares of Canadian miner rise 13 pct to $1.65 premarket

** Company said on Tuesday U.S. Environmental Protection Agency (EPA) initiated process to withdraw its proposed determination to restrict development of NAK’s Pebble mine in Alaska

** NAK and regulator reached a settlement agreement in May

** Dispute with EPA first began in 2014 when the regulator initiated process under Clean Water Act to block development of the mine

** The Pebble copper and gold mine has triggered opposition from environmentalists, Alaska natives and commercial fishermen

** Up to Tuesday’s close, NAK’s value had nearly doubled since Trump’s election win in November, in anticipation of easing regulations

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