Northern Dynasty Files Updated Preliminary Economic Assessment of Pebble: The Project Maintains Strong Economic Fundamentals With Latest Royalty Financing

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Nov 14, 2022

VANCOUVER, BC / ACCESSWIRE / November 14, 2022 / Northern Dynasty Minerals Ltd. (TSX:NDM, Financial)(NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") advises that it has filed on www.sedar.com an updated Preliminary Economic Assessment (the "2022 PEA") for the proposed Pebble Project in Southwest Alaska (the "Proposed Project"). The 2022 PEA updates the Company's September 2021 PEA to evaluate the impact of the recently announced royalty financing (see July 27, 2022 news release). The 2022 PEA updates the 2021 PEA to examine both the impact from the $12 million tranche of the previously completed royalty investment and the potential impact of a $60 million royalty investment if all five tranches are fully committed. The 2022 PEA highlights that the Pebble Project remains very robust and, although the Company believes the royalty has the potential to be very valuable, it has minimal impact on the forecasted economics of the project while strengthening the Company's balance sheet position.