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Northern Dynasty Minerals Ltd.: what insiders have been doing
Northern Dynasty Minerals Ltd. is a Energy company. Its directors and officers file their transactions with SEDI. Over the twelve months to 23 October 2026, 47 filings were filed, from 13 insiders.
Purchases and sales both appear in the filings: 1 purchase (1 insider) and 23 sales (8 insiders, €5.5M). The amount is not disclosed for 1 filing. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Those buying include 1 senior executive. One trade stands out by size: a sale of €454k from Kopernik Global Investors, LLC, disclosed on 18 June 2026, or 0.060% of market capitalisation.
Across the 2,472 companies tracked on its exchange, the median is 13 filings; at 47 filings, this issuer sits above that mark. Our records for Northern Dynasty Minerals Ltd. go back to 2016, with 34 purchases and 132 sales on the open market in total.
The clock since the last published purchase (22 October 2026) now reads 1 day. Filings reach the SEDI feed a median of 3 days after the trade. This delay matters because a trade only becomes useful information once it is public. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify.
These figures are compiled from regulatory filings published by SEDI. They describe what insiders did and are not a recommendation.
Insider Decl.
332
Thresholds
n/a
Buy Volume
€5M
34 ops. · all time
Sell Volume
€14M
132 ops. · all time
Who traded when
BuySaleKopernik Global Investors, LLC19 sales
Bruce Wayne Jenkins8 sales
Robert Allan Dickinson7 sales
Michael J. Westerlund3 sales
Trevor Thomas3 sales
Adam Jonathan Chodos2 sales
+6 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Northern Dynasty Minerals Ltd. Strong Buy (bullish).
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
CA$1.22
Analyst consensus
Strong buy
Income statement
Gross profit-CA$108k
EBITDA-CA$102.9M
Net income-CA$104.4M0.0% margin
Valuation
PER (forward)-122.0x
P/Book61.0x
Beta0.73
Balance sheet & cash
Market capCA$685.8M
Total debtCA$3.2M
Free Cash Flow-CA$23.2M
Debt / Equity30%
Profitability & ownership
ROE-261.3%
ROA-14.0%
% insiders1.7%
% institutions22.0%
Last declaration on 22 October 2026
Declarations332 total
10,000 sharesCommon SharesTSXSEDI:4793844
Canonical exit: 19 Jan 2027 (T+90)
2,703,636 sharesCommon SharesTSXSEDI:4791348
45,000 shares@ CA$1.960.0080% mcap70.5% of flowCommon SharesTSXSEDI:4782516
45,000 shares@ CA$0.4114.7% of flowOptionsTSXSEDI:4782502
195,792 shares@ CA$1.42340.041% mcap4.5% of flowCommon SharesTSXSEDI:4776840
5,248 sharesRights Deferred Share UnitTSXSEDI:4753858
5,063 sharesRights Deferred Share UnitTSXSEDI:4752549
2,624 sharesRights Deferred Share UnitTSXSEDI:4751437
326,136 shares@ CA$2.260.060% mcap32.2% of flowCommon SharesTSXSEDI:4737431
32,804 shares@ CA$2.40670.0065% mcap3.5% of flowCommon SharesTSXSEDI:4730750
50,000 shares@ CA$3.2560.013% mcap88.8% of flowCommon SharesTSXSEDI:4730315
50,000 shares@ CA$0.4111.2% of flowOptionsTSXSEDI:4730306
158,000 shares@ CA$0.41100.0% of flowOptionsTSXSEDI:4729582
35,000 shares@ CA$3.2470.0093% mcap88.8% of flowCommon SharesTSXSEDI:4729460
35,000 shares@ CA$0.4111.2% of flowOptionsTSXSEDI:4729457
300,000 shares@ CA$2.22420.055% mcap29.4% of flowCommon SharesTSXSEDI:4726020
27,154 shares@ CA$2.20960.0049% mcap2.6% of flowCommon SharesTSXSEDI:4726018
207,150 shares@ CA$2.20040.037% mcap20.1% of flowCommon SharesTSXSEDI:4726017
101,000 shares@ CA$3.03750.025% mcap87.7% of flowCommon SharesTSXSEDI:4720408
100,000 shares@ CA$0.408311.7% of flowOptionsTSXSEDI:4720405
1,000 shares@ CA$2.00170.6% of flowOptionsTSXSEDI:4720404
134,523 shares@ CA$2.4963Common SharesTSXSEDI:4650069
55,624 shares@ CA$2.5404Common SharesTSXSEDI:4650068
250,000 shares@ CA$2.53Common SharesTSXSEDI:4650070
25,000 shares@ CA$0.45Common SharesTSXSEDI:4649280
25 of 332 declarations
About Northern Dynasty Minerals Ltd.
Northern Dynasty Minerals Ltd. is a Canadian-listed mineral exploration and development company trading on the TSX/TSXV market in Canada. The company is headquartered in Vancouver and is almost entirely focused on advancing the Pebble Project in southwest Alaska, United States. Its core asset is a 100%-owned position in a large block of mineral claims through its U.S.-based subsidiary, with the Pebble deposit containing copper, gold, molybdenum and silver. As such, Northern Dynasty sits squarely in the critical-minerals and strategic-metals theme rather than in traditional operating mining production.
Founded in 1983 and renamed Northern Dynasty Minerals Ltd. in October 1997, the company built its long-term strategy around assembling and enlarging the Pebble district. Over time, it expanded the known mineral endowment, completed extensive technical and environmental work, and advanced permitting concepts for a smaller-footprint mine plan. A key turning point came in 2013, when Anglo American withdrew after substantial investment and Northern Dynasty reacquired full control of the project, leaving the company even more tightly linked to the Pebble asset alone.
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From an operating perspective, Northern Dynasty is not a producer. It does not generate meaningful mining revenues from operations and therefore does not have a diversified portfolio of producing assets. Its equity story depends on permitting progress, litigation outcomes, financing support, and the market’s willingness to assign value to a future development scenario. The company’s principal asset is located in a highly sensitive area of southwest Alaska near Bristol Bay, close to one of the most important wild salmon fisheries in North America. That geographic context has made Pebble one of the most controversial mining projects in North America and a major source of regulatory and environmental risk.
In competitive terms, Northern Dynasty’s differentiation lies in the scale of the resource and the strategic profile of the metals contained in the deposit, especially copper. However, that resource potential is offset by a prolonged history of permitting disputes and legal challenges. The company has repeatedly framed Pebble as a project that could be developed in an environmentally responsible manner, but the asset remains subject to major approval uncertainty and stakeholder opposition.
Recent developments remain centered on the legal and financing pathway for Pebble. In 2025, Northern Dynasty said it was pursuing both negotiation and court action regarding the EPA veto, while also completing the final tranche of a royalty-related financing arrangement. For investors, Northern Dynasty is best understood as a speculative Canadian TSX/TSXV mining development story in Canada, with value driven less by current operations than by optionality on a single, strategically significant project.
