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Industry Watchdog Alleges Northern Dynasty Misled Investors

April 30, 2019, 3:00 PM

An industry watchdog has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.

The requests for a compliance investigation—announced April 30—were sent April 26 to both the Securities and Exchange Commission and the British Columbia Securities Commission by the Toronto-based Justice and Corporate Accountability Project on behalf of environmental group Earthworks.

Northern Dynasty—whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition—issued incomplete and misleading information in an attempt to drum up cash, Washington-based Earthworks said ...

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