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Environment & Energy Report

Pebble Mine Owner’s Stock Sale Poses Financing Questions

March 14, 2019, 8:54 PM

The recent stock sale by the company that wants to build a gold mine in Alaska has armed the company with more cash to complete its environmental permitting.

But by selling the shares at a discounted rate, Northern Dynasty Minerals Ltd. has also raised questions about its ability to build the mine and secure a bond, if and when it gets the federal and state permits it needs.

Northern Dynasty, which wants to build the large Pebble Mine, said March 12 it had sold 15.6 million shares to a group of banks.

That move netted the company close to $10...

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