Trump Reviving Fortunes for Mine Explorer With Zero Revenue
- Northern Dynasty’s shares have tripled since the U.S. election
- President-elect expected to revive company’s Alaska project
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There’s one thing Donald Trump is already making great again: a small Canadian explorer with rights to one of the world’s largest undeveloped copper and gold deposits.
Northern Dynasty Minerals Ltd. has more than tripled since the U.S. election to approach a four-year high this week amid speculation the incoming administration will allow the explorer’s long-stalled Pebble project in Alaska to move ahead. Last week, the Vancouver-based company drummed up C$43 million ($32.4 million) in a secondary share offering to investors eager for a stake in a resource it estimates at more than 6 billion tons of ore.