NDM:CC - Biden administration set to block Alaska's Pebble mine - report

Northern Dynasty Minerals ( NYSE: NAK ) -2.7% post-market Monday following a Bloomberg report that the Biden administration is set to ban the dumping of mining waste near Bristol Bay, Alaska, which would effectively block the company's planned Pebble mine as well as future mining in the area.

The Environmental Protection Agency's final determination expected soon likely would end longstanding plans to extract gold, copper and molybdenum in the area because of potential harm to the region's sockeye salmon industry

Bristol Bay supplies about half of the world's wild sockeye salmon, generating ~$2.2B in annual economic activity.

The EP already has issued a formal recommendation to ban the disposal of mining waste in Alaska's Bristol Bay .

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