Northern Dynasty -33% as EPA starts process that could restrict Pebble Mine

|About: Northern Dynasty Minerals Ltd (NAK)|By:, SA News Editor

In another blow to Northern Dynasty (NAK) and its Pebble Mine project in Alaska, the EPA says it is taking initial steps toward restricting or even prohibiting development of the proposed mine that could be one of the world's largest copper sources, though no final decision has been made.

The EPA says Pebble Mine poses a serious risk to the salmon fisheries and native tribes in the Bristol Bay area, and it plans to use a little-used authority under the Clean Water Act to protect the fisheries, which produces about half the world's wild sockeye salmon.

NAK shares fell -33% in regular trading today on word of the EPA announcement.