Website Information

The facts and information provided to users in these pages of the Pebble Limited Partnership (the “Pebble Partnership” or “PLP”) website are for informational purposes only. Users should not rely on information on this website for any purpose other than for gaining general knowledge of the Pebble Partnership.

This information is not intended to be and should not be construed in any way as part of an offer to sell or a solicitation to buy securities. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon the information contained in these pages.

Forward-Looking Statements

This website includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the Pebble Partnership's continued advancement of its mineral exploration, development and production programs. When used in this website, the words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan" and similar expressions are intended to be among the statements that identify forward-looking statements.

Although the Pebble Partnership believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Pebble Partnership's future performance or the outcome of any litigation. Any such assumptions as to future events are inherently uncertain and subjective. Assumptions used by the Pebble Partnership to develop forward-looking statements include the following: the Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive, and no geological or technical problems will occur. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits,  on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation,  the final outcome of any litigation, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for surface or underground mining and processing facilities, and receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Pebble Partnership on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Pebble Partnership to obtain government permitting can cause a delay or even abandonment of a mineral project. The Pebble Partnership is also subject to the specific risks inherent in the mining business as well as general economic and business conditions and other risks disclosed in the filings of its parent company, Northern Dynasty Minerals Ltd. (“NDM”) and which are described in NDM’s Annual Information Form, a copy of which may be viewed on the SEDAR website at www.sedar.com.

In January 2018, the US Army Corps of Engineers (“USACE”) confirmed that Pebble’s 404 permitting application was complete and that an Environmental Impact Statement (“EIS”) is required to comply with its National Environmental Policy Act (“NEPA”) review of the Pebble Project. Because the NEPA EIS process requires a comprehensive “alternatives assessment” be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated infrastructure may vary significantly from that set out in the following pages. As a result, we will continue to consider various development options and no final project design has been selected at this time. As this process evolves, there may be temporary differences between what is shown in our disclosure and what is on the USACE website. 

Information about general economic effects/contribution of a development at Pebble to Alaska and the Lake and Borough Peninsula region should not be used to evaluate the Pebble Project’s impact on NDM or PLP.

Cautionary Note to Investors

This website may use the terms “measured resources,” “indicated resources” and “inferred resources” which are recognized and required by Canadian regulations under National Instrument 43-101, Standards of Disclosure for Mineral Projects (“43-101”) and used by NDM. The United States Securities and Exchange Commission (the “SEC”) has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Exchange Act, effective February 25, 2019 (“The SEC Modernization Rules”). The SEC Modernization Rules replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, and adopt definitions of the terms and the categories of resources which are “substantially similar” to the corresponding terms under Canadian regulations in 43-101. NDM cautions investors not to assume that all or any part of the mineral deposits in these categories will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Economic Assessment as defined under 43-101. Investors are cautioned not to assume that all or part of an inferred resource exists, or is economically or legally mineable.

No Warranty

Although the Pebble Partnership believes the facts and information contained in the pages of this website are correct and attempts to keep this information as current as possible, the Pebble Partnership does not warrant or make any representations as to the accuracy, validity or completeness of any facts or information contained in these pages.

Disclaimer

The Pebble Partnership shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information contained in the pages of this website.

Hyperlinks

Any hyperlinks to or from this website from or to another website is provided to the user for convenience only. No endorsement of any products or services is expressed or implied by any information, material or content referred to or included on, or linked from this website.

Trade Marks and Copyright

Certain names, graphics, logos, icons, designs, words, titles or phrases on this website may constitute trade names or trade marks of PLP or NDM. The display of any trade mark does not imply that a license of any kind to use the trade mark has been granted. All information found in the pages of this website is protected under the copyright laws of Canada and in other countries.

Unless otherwise specified, no user has permission to copy, redistribute, reproduce or republish, in any form, any information found in the pages of this website. Any user who, without authorization, re-transmits, copies or modifies any trade marks may violate federal or common law trade mark and/or copywriter law, and may be subject to legal action.

Applicable Law

The products and services described in the pages of the PLP website are only offered in jurisdictions where they may be legally offered for sale.

Confidentiality

Confidentiality and security of information provided over the Internet is not possible at this time. PLP cannot ensure the privacy and authenticity of any information or correspondence shared over the Internet between it and a user, and will not be responsible for any damages or claims incurred by a user who communicates confidential information to PLP through this website.