The State of Alaska filed today a motion in the United States Supreme Court regarding the U.S. Environmental Protection Agency's rulings on Northern Dynasty Minerals' Pebble project.
Called a motion of leave, Alaska state argues that the U.S. Environmental Protection Agency veto of the Pebble project is a breach of contract, and the withdrawl 309 square miles in the Bristol Bay region from use for mining purposes is unconstitutional without compensation.
Northern Dynasty (TSX:NDM) traded up on the news, gaining 19% to 49 cents a share.
“The Bill of Complaint filed by Alaska is a welcome development in the long Pebble saga,” said Ron Thiessen, President and CEO of Northern Dynasty. “Northern Dynasty strongly, and I mean very strongly, supports all of the arguments set forth by the State and we congratulate the State for bringing these claims directly to the U.S. Supreme Court. Northern Dynasty intends to prepare and file with the Supreme Court appropriate briefs to support the State’s case.”
