Northern Dynasty Minerals (NAK)
Advancing Alaska’s Pebble copper-gold and polymetallic mine project.
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Advances Alaska’s Pebble project toward a potential copper-gold and polymetallic mine, with eventual revenue intended from mineral-concentrate sales. The pre-revenue business is concentrated in Pebble and depends on permitting, litigation, financing, project partners, and infrastructure.
Centers on the Pebble Project in southwest Alaska, pursuing the permits, technical work, financing, and development needed for a proposed copper-gold-molybdenum-silver-rhenium mine. Holds the project through the wholly owned Pebble Limited Partnership and reports no operating revenue or producing mine.
Coordinates corporate leadership and capital-market access from Vancouver while Anchorage-based PLP conducts environmental and socioeconomic studies, engineering, permitting, and stakeholder work. Relies materially on Hunter Dickinson Services for technical, administrative, financial, and IT support.
Remains dependent on judicial or administrative relief from EPA restrictions, revisions to USACE denials, further permits, capital, a project partner, and a remote transport, energy, and water-management system. Owns mineral claims but no surface rights over them.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $37.7M · Total debt $2.5M · Total assets $85.5M · Shareholders' equity $8.2M
- Revenue
- $0
- Operating income
- −$5.7M
- Net income
- −$25.8M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | ≥ 19.49% | 109.20M ADS | |
|---|---|---|---|
| 214 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≤ 80.51% | 451.11M ADS | |
| remainder | |||
560.31M ADS as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Mar 2019 annual report; nothing newer is on file here.
Institutional filings for NDM (100% of the company) are not on file here, so the institutional figure is a floor.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kopernik Global Investors, LLCInstitution | 5.74% | 32.18M ADS | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 4.71% | 26.37M ADS | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.06% | 5.92M ADS | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 0.83% | 4.65M ADS | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 0.70% | 3.90M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Trilogy Metals
Alaska copper-development rivalry for capital, permits and infrastructure.
- U.S. GoldMining
Alaska gold-copper porphyry development rivalry.
- NovaGold Resources
Alaska mine-development rivalry for capital, partners and infrastructure.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Northern Dynasty Minerals | $1.45 | +3.96% | $778.8M | — | — | — | — |
| Trilogy Metals | $3.43 | +2.54% | $577.0M | — | — | — | — |
| U.S. GoldMining | $7.25 | +1.83% | $95.1M | — | — | — | — |
| NovaGold Resources | $7.78 | +5.64% | $3.23B | — | — | — | — |