NAK on NYSE

NORTHERN DYNASTY MINERALS LTD

NORTHERN DYNASTY MINERALS LTD is a Canadian Gold and Silver Ores company based in Vancouver, listed on NYSE (NAK).2

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Last updated Oct 20, 2026.

Overview

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  • TickerNAK on NYSE2
  • IndustryGold and Silver Ores2
  • HeadquartersVancouver, Canada2
  • Incorporated inBritish Columbia, Canada3
  • Business address14Th Floor, 1040 West Georgia Street, Vancouver, V6E 4H83
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI529900HEIYP56LE0EJ172
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address14th Floor - 1040 W. Georgia St., V6E 4H1 Vancouver, Canada2
  • Registered withBC Registry Services, BC02639342

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income5678910-$23.2M in 2025
-$25.0M0$25.0M$50.0M$75.0M2018: $66.2M$66.2M20182019: $68.8M$68.8M2019+4%2020: $62.5M$62.5M2020−9%2021: $31.2M$31.2M2021−50%2022: $24.6M$24.6M2022−21%2023: $22.3M$22.3M2023−9%2024: -$18.3M-$18.3M20242025: -$23.2M-$23.2M2025+27%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
Exploration and evaluation expenses7.4M CAD5.7M CAD
General and administrative expenses9.5M CAD9.2M CAD
Legal, accounting and audit4.8M CAD3.5M CAD
Share-based compensation1.5M CAD27.0K CAD
Loss from operating activities23.2M CAD18.3M CAD
Foreign exchange (gain) loss171.0K CAD-836.0K CAD
Interest income-592.0K CAD-860.0K CAD
Finance expense902.0K CAD824.0K CAD
Loss (gain) on change in fair value of convertible notes derivative80.3M CAD18.6M CAD
Net loss before tax104.0M CAD36.1M CAD
Income tax expense367.0K CAD65.0K CAD
Net loss104.4M CAD36.1M CAD
Foreign exchange translation difference5.5M CAD-10.0M CAD
Other comprehensive loss (income)5.5M CAD-10.0M CAD
Total comprehensive loss109.9M CAD26.1M CAD
Basic and diluted loss per share0.19 CAD0.07 CAD

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Corporate structure

NORTHERN DYNASTY MINERALS LTD sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NORTHERN DYNASTY MINERALS LTD

  • Kopernik Global Investors, LLC Filed SCHEDULE 13D/A on NORTHERN DYNASTY MINERALS LTD, latest Apr 7, 2026 (8 filings since Feb 11, 2022)
  • NORTHERN DYNASTY MINERALS LTD Vancouver, British Columbia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NORTHERN DYNASTY MINERALS LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net63.2K CAD10 Dec 31, 2025118.1K CAD10 Dec 31, 2024−46.5%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net-2.1M CAD10 Dec 31, 2025-1.9M CAD10 Dec 31, 2024−10.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents54.7M CAD10 Dec 31, 202516.1M CAD10 Dec 31, 2024+239.1%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive VP, Corporate DevelopmentADAM C CHODOS named Dec 26, 2023 to Dec 29, 202311
  • Executive VP, Environment and SustainabilityBRUCE C JENKINS named Dec 26, 2023 to Dec 29, 202311
  • CFOMARK W PETERS named Dec 26, 2023 to Dec 29, 202311
  • Vice President, Investor RelationsMIKE C WESTERLUND named Dec 26, 2023 to Dec 29, 202311
  • President and CEORONALD W THIESSEN named Dec 26, 2023 to Dec 29, 202311
  • VP, EngineeringSTEPHEN C HODGSON named Dec 26, 2023 to Dec 29, 202311
  • Company SecretaryTREVOR C THOMAS named Dec 26, 2023 to Dec 29, 202311
  • DirectorCHRISTIAN C MILAU named Dec 26, 2023 to Dec 29, 202311
  • DirectorDESMOND A BALAKRISHNAN named Dec 26, 2023 to Dec 29, 202311
  • DirectorISABEL C SATRA named Dec 26, 2023 to Dec 29, 202311
  • DirectorKEN C PICKERING named Dec 26, 2023 to Dec 29, 202311
  • ChairmanROBERT A DICKINSON named Dec 26, 2023 to Dec 29, 202311
  • DirectorSIRI C GENIK named Dec 26, 2023 to Dec 29, 202311
  • DirectorWAYNE C KIRK named Dec 26, 2023 to Dec 29, 202311

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 13, 2025.12

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

143 filings to the SEC since October 2021: 6 annual reports, 8 large holders, 2 private raises, 127 other. The latest 20:

  1. Sep 15, 202640-F/A EDGAR
  2. Sep 1, 20266-K EDGAR
  3. Aug 13, 20266-K EDGAR
  4. Jun 29, 20266-K EDGAR
  5. Jun 26, 20266-K EDGAR
  6. May 26, 20266-K EDGAR
  7. May 21, 20266-K EDGAR
  8. May 15, 20266-K EDGAR
  9. Apr 24, 20266-K EDGAR
  10. Apr 15, 20266-K EDGAR
  11. Apr 7, 2026SCHEDULE 13D/A EDGAR
  12. Apr 2, 20266-K EDGAR
  13. Mar 31, 202640-F EDGAR
  14. Feb 20, 20266-K EDGAR
  15. Feb 18, 20266-K EDGAR
  16. Feb 18, 20266-K EDGAR
  17. Jan 15, 20266-K EDGAR
  18. Dec 8, 20256-K EDGAR
  19. Nov 19, 20256-K EDGAR
  20. Nov 14, 20256-K EDGAR

The 143 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 20, 2023Raised $10.1 million in a private offering of debt Form D: 3 investors so far Form D
  2. Dec 14, 2023Raised $117,000 in a private offering of equity Form D: $249,600 offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Kopernik Global Investors, LLC32,178,392$61.8M3.8%−477,454
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.26,369,817$50.4M0.1%+2,066,614
Two Sigma Investments, LP5,918,438$11.4M0.0%−3,862,371
Renaissance Technologies LLC4,650,149$8.9M0.0%+190,000
Millennium Management LLC3,901,608$7.5M0.0%−1,525,135
Russell Investments Group, Ltd.3,262,046$6.3M0.0%−9,741
Commonwealth Equity Services, LLC2,513,443$4.8M0.0%−80,189
Citadel Advisors LLC2,382,896$4.6M0.0%+440,708
Susquehanna International Group, Llp2,131,934$4.1M0.0%+628,646
Jane Street Group, LLC2,064,965$4.0M0.0%−3,416,034
Stenham Asset Management Ltd2,046,000$3.9M2.8%No change
Mackenzie Financial Corp1,293,736$3.5M0.0%+56,665
UBS Group AG1,546,173$3.0M0.0%+52,319
GAM Holding AG1,060,000$2.0M0.2%−1,800,000
Bank Of Montreal /can/1,033,027$2.0M0.0%+135,500
Swiss National Bank1,016,400$1.9M0.0%−84,100
Jpmorgan Chase & Co869,988$1.7M0.0%+869,947
TD Asset Management Inc883,455$1.7M0.0%+50,725
Sei Investments Co868,173$1.7M0.0%−689,965
IMC-Chicago, LLC662,884$1.3M0.0%−49,497
Osaic Holdings, Inc.618,651$1.2M0.0%+536,427
State Street Corp613,758$1.2M0.0%+191,058
Group One Trading LLC527,538$1.0M0.0%+105,679
Legal & General Group Plc510,706$975.5K0.0%+38,951
Nations Financial Group Inc, /ia/ /adv431,300$828.1K0.0%+10,000

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How NORTHERN DYNASTY MINERALS LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNORTHERN DYNASTY MINERALS LTD1
  • CIK0001164771
  • Filer status<br>emerging growth company not an emerging growth company1
  • Incorporated inCanada14
  • Fiscal year endsDecember 311
  • Industry code (SIC)1040 Gold and Silver Ores1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address14Th Floor, 1040 West Georgia Street, Vancouver, V6E 4H8, British Columbia, Canada1
  • Phone604-684-63651
  • Shares outstanding558,461,162 shares as of Dec 31, 202514
  • On EDGAR sinceMar 18, 20021
  • Filings676 in all: 6-K (493), SC 13G/A (24), 40-F (19), CORRESP (15), FWP (15), SUPPL (13), UPLOAD (11), SC 13G (10)1
    All 29 form types

    D (9), F-10/A (7), F-X (7), 20-F (6), EFFECT (6), F-10 (6), 20FR12G/A (5), SCHEDULE 13D/A (4), 40-F/A (3), 424B2 (3), 424B3 (3), 6-K/A (3), F-3 (3), 8-A12B (2), D/A (2), F-3/A (2), 20-F/A (1), CERTAMX (1), NT 20-F (1), REGDEX/A (1), SC 13D (1)

  • Latest filingsAnnual report (40-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, no par valueNAKNYSE

From the cover page of the 40-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).14

Sources

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