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Why Northern Dynasty Minerals Stock Jumped Today

TheMotleyFool

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Why Northern Dynasty Minerals Stock Jumped TodayPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

The stock of mining company Northern Dynasty Minerals (NYSEMKT: NAK) has had a turbulent past few months. After shares dropped more than 50% in a single day in November 2020, some resurrected hope for its Alaskan Pebble mine project to survive has shares back above pre-drop levels.

Shares began recovering in January 2021 after support from the Alaskan governor and news of the company's appeal of a negative permitting decision. Shares continue to gain ground today, up 13% as of 11:15 a.m. EST.

Today's boost comes after the company shared some details of its 92-page request for appeal (RFA) of the U.S. Army Corps of Engineers (USACE) permit rejection.

Source Fool.com

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