Northern Dynasty Minerals (NAK) Stock: With New Hire, More Good News Is On The Horizons


Northern Dynasty Minerals Ltd. (NYSEAMERICAN: NAK) is having a strong day in the market today after the company announced the hiring of Mark Hamilton. While this is great news, I believe that this new, high-profile hire is a signal of yet another big event to come. Today, we’ll talk about the Hamilton hire, what we’re seeing from the stock as a result, why this could be a prelude to some big news, and what we’ll be watching for ahead.

NAK Hires Mark Hamilton

As mentioned above, yesterday, Northern Dynasty Minerals announced that its wholly-owned subsidiary, Pebble Limited Partnership has made a key hire. The company has hired Mark Hamilton to serve as its Executive Vice President of External Affairs. Mark Hamilton is a retired Major General of the United States Army and President Emeritus of the University of Alaska. In a statement, Pebble Partnership CEO Tom Collier had the following to say about bringing Hamilton into the NAK family:

Mark Hamilton is among Alaska’s best known and most highly respected residents, in large part for his tremendous accomplishments and service to the state over 12 years as President of the University of Alaska… We fully expect Mark’s vision, his leadership and his credibility to materially advance our efforts to re-position the Pebble Project, to ensure it provides meaningful enduring benefits to the people of Bristol Bay and Alaska, and to help create the social and political conditions necessary to permit this project in the years ahead.”

What We’re Seeing From The Stock

As mentioned above, NAK is having an incredibly strong time in the market today following the announcement that the Pebble Project has hired Mark Hamilton. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:44), NAK is trading at $2.085 per share after a gain of $0.075 per share (3.73%) thus far today.

The Hamilton Hire Is A Signal Of Bigger News To Come

There’s no doubt that Mark Hamilton is going to be a big player in the Northern Dynasty Minerals family. When we look at this at first glance, we think about the benefits he’s going to bring to the permitting process. With his clout and relationships in the community, he’s likely to ensure that the Pebble Project’s vision stays clear and the project does make it through not just the first round of permits, but expansion permits that have been hinted at as easier to get down the road by reducing the proposed footprint for now.

However, there have also been some other big hints. Recently, NAK management has consistently pointed to partnerships that are likely coming down the line relatively soon. These partnerships are key to the development of the Pebble Project. However, we haven’t heard any solid news as of yet. Nonetheless, with Mark Hamilton being hired, NAK has made yet another pretty large commitment. I couldn’t see the company doing this unless partnerships were already pretty well in the bag. However, with partnerships just around the corner, a commitment like this could be a pretty simple one to make.

With that said, I’m expecting that the next big piece of news that we get out of Northern Dynasty Minerals will be a partnership agreement, or a consortium of agreements with various big players in the basic materials industry.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on NAK. In particular, we’re interested in following the story surrounding the partnership agreements that the company is likely to announce relatively soon. We’ll also be following the Pebble Project permitting process, and the rest of the story closely. Nonetheless, we’ll bring updates to you as they break!

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