Northern Dynasty, the company that owns the proposed Pebble Mine, is bolstering its financing as it looks for a new partner.
The company announced Tuesday that it has raised $13 million by selling private shares to investors. Northern Dynasty is in a legal and regulatory fight over the project, thought it has not yet submitted permit applications.
Fishermen and Native groups in the Bristol Bay area say the gold and copper mine is a threat to the region’s water quality and to salmon runs.
Liz Ruskin is the Washington, D.C., correspondent at Alaska Public Media. Reach her at lruskin@alaskapublic.org. Read more about Liz here.
