NAK tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Northern Dynasty Minerals, Ltd. Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	0.0322
Dec 31, 2024	0.1807
Dec 31, 2023	0.2325
Dec 31, 2022	0.2693
Dec 31, 2021	0.2982
Dec 31, 2020	0.3638
Dec 31, 2019	0.3865
Dec 31, 2018	0.4746
Dec 31, 2017	0.4576
Dec 31, 2016	0.6047
Dec 31, 2015	1.0592
Dec 31, 2014	1.3468
Dec 31, 2013	1.4097
Dec 31, 2012	1.3568
Dec 31, 2011	1.4903
Dec 31, 2010	1.4935
Dec 31, 2009	1.5736
Dec 31, 2008	-0.3904
Dec 31, 2007	1.575
Dec 31, 2006	2.5419
Dec 31, 2005	0.5038
Dec 31, 2004	0.5614
Dec 31, 2003	0.1391
Dec 31, 2002	0.0397
Dec 31, 2001	0.2443