By Stephen Nakrosis
Shares of Northern Dynasty Minerals were trading above 52-week highs in the after-hours market following news the company received a $12 million royalty agreement payment.
After the bell, shares were trading 37% higher at $1.60. The stock recently hit a 52-week high of $1.29 on March 25.
Shares closed on the NYSE American exchange's regular session Monday at $1.16, gaining 9.4% during the session.
The payment is the third tranche made under a July 26, 2022, agreement.
The company also said it agreed to amend the terms of the deal to increase flexibility of payment installments, and to extend the expiration date past July 26.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 02, 2025 18:12 ET (22:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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