GlobeNewswire Inc | Nov 30, 2020 01:15PM EST

November 30, 2020

PHILADELPHIA, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Northern Dynasty Minerals Ltd. (Northern Dynasty or the Company) (NYSE: NAK) to determine whether the Company engaged in securities fraud or other unlawful business practices.

On November 25, 2020, Northern Dynasty stated that . . . its100%-owned, US-based subsidiary Pebble Limited Partnership . . . received formal notification from the US Army Corps of Engineers . . . that its application for permits under theClean Water Actand other federal statutes has been denied. The lead federal regulator found Pebbles compensatory mitigation plan as submitted earlier this month to be non-compliant, and that the project is not in the public interest.

On this news, Northern Dynastys stock price fell $0.40 per share, or 50%, to close at $0.40 per share on November 25, 2020.

INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF NORTHERN DYNASTY MINERALS AND SUFFERED LOSSESGREATER THAN $50,000ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRMS SECURITIES CLASS ACTION QUESTIONNAIREOR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, SECURITIES@KEHOELAWFIRM.COM, TO DISCUSS THESECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

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