Why Northern Dynasty Minerals Gained Another 23% Today

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Shares of Northern Dynasty Minerals (NYSEMKT: NAK) are up 50% just this week, including a 23% jump on Wednesday. 

To put that in perspective, though, shares dropped more than 86% from July 2020 highs through the end of 2020. 

The roller-coaster path of the stock comes thanks to various updates on the company’s Alaskan Pebble Mine project — the mining company’s only project. Most recently, after the U.S. Army Corps of Engineers (USACE) rejected Northern Dynasty’s response in addressing environmental issues related to dredged materials and waste fluids, the stock plunged more than 50%.

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