The company can verify four more viable mining pits in its flagship Sierra Gorda copper and molybdenum mine.

Northern Dynasty would require additional financing in order to progress any material expenditures at the copper and gold project.

USACE will take another look at its refusal in 2020 to approve the project after Northern Dynasty successfully appealed the decision.

Mining companies have to run just to stand still, but expansion capex in the global mining sector as a percentage of profits has halved in a decade.

The world’s hottest metals market at the moment is molybdenum, the obscure commodity that’s used to help toughen steel.

The initial life of mine is 26 years, during which Vizcachitas is expected to produce 8.8 billion lb. copper, 273.3 million lb. molybdenum and 32.7 million oz. silver.