Northern Dynasty Minerals (NAK) was surging over 32% Monday, after President Donald Trump issued an executive order late last week that paved the way for mining operations in the US.
The company's Pebble mine project in Alaska is one of the largest undeveloped deposits of copper that also contains significant amounts of gold, molybdenum and silver as well as rhenium. The US Environmental Protection Agency denied permit to the proposed mine in January 2023 for potentially infringing the Clean Water Act.
In his March 20 executive order, Trump stressed the need for the US to develop "secure, predictable, and affordable supply of minerals" in the US and ordered the National Energy Dominance Council to create a list of priority projects within 10 days for expedited review and approvals.
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