30 /100
MEDIUM RISK
Score updated Jul 13, 2026

NAK — Northern Dynasty Minerals Ltd. Dilution Risk Tracker

Track NAK dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 13, 2026, Northern Dynasty Minerals Ltd. (NAK) has a DilutionWatch DilutionScore of 30/100, rated MEDIUM dilution risk. Northern Dynasty Minerals Ltd. has a market capitalization of $1.32B, 558.46M shares outstanding, 196 institutional holders tracked.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
25
📊 Float Risk
2
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

Watch
Minor dilution signals detected
15%
🔄 Reverse Split 30%
• 50-day avg $1.86 approaching $1 threshold
🔔 Track NAK — Get forecast alerts →

💹 Market Data

Market Cap$1.32B
Shares Outstanding558.46M
Float550.05M
Cash$39.68M
Debt$2.31M
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 4.2% shares (2026Q1 vs prior)
196 institutional holders · 124.07M shares
#1 Kopernik Global Investors, LLC 32.66M shares
#2 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 24.30M shares
#3 TWO SIGMA INVESTMENTS, LP 9.78M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest17.49M
Days to Cover2.0
% of Float3.2%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

No recent SEC insights

📰 Recent News

No recent news

📋 What This Means for NAK Shareholders

Northern Dynasty Minerals Ltd. (NAK) has a DilutionScore of 30/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

DilutionWatch's EDGAR monitoring for NAK shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for NAK in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for NAK alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

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📖 Dilution Education
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Part of the Guerilla Finance research network. Cross-reference multiple data sources for better due diligence.