Northern Dynasty Minerals Ltd (NAK): Eric Sprott’s Sprott Asset Management Discloses 5.4% Stake

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Northern Dynasty Minerals Ltd.
(Name of Issuer)

Common Shares
(Title of Class of Securities)

65510M204
(CUSIP Number)

June 30, 2016
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ]Rule 13d-1(b)
[ X ]Rule 13d-1(c)
[ ]Rule 13d-1(d)

CUSIP No. 65510M204
…………………………………

1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

Sprott Inc.
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
________________________________________________________________________________
3. SEC USE ONLY

________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Ontario, Canada
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER

SHARES 14,724,500
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER

OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER

REPORTING 14,724,500
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER

WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

14,724,500
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.4%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*

CO
________________________________________________________________________________

Item 1.

(a) Name of Issuer: Northern Dynasty Minerals Ltd.

(b) Address of Issuer’s Principal Executive Offices:
15th Floor – 1040 W. Georgia St. Vancouver, BC V6E 4H1

Item 2.

(a) Name of Person Filing: Sprott Inc.

(b) Address of Principal Business Office:
200 Bay Street, Suite 2700, PO Box 27, Toronto, ON M5J 2J1

(c) Citizenship: Canada

(d) Title of Class of Securities: Common Shares

(e) CUSIP Number: 65510M204

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:

(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with ss. 240.13d-1(b)(ii)(E).

(f) [ ] An employee benefit plan or endowment fund in accordance with
ss. 240.13d-1(b)(1)(ii)(F).

(g) [ ] A parent holding company or control person in accordance with
ss. 240.13d-1(b)(1)(ii)(G).

(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).

(j) [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).

Item 4. Ownership

(a) Amount Beneficially Owned: 14,724,500

(b) Percent of Class: 5.4%

(c) Number of shares as to which Sprott Inc. has:

(i) Sole power to vote or to direct the vote: 14,724,500

(ii) Shared power to vote or to direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of: 14,724,500

(iv) Shared power to dispose or to direct the disposition of: 0

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following. [ ]

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

These shares are held in accounts managed by subsidiaries of
Sprott Inc., none of which, beneficially owns more than five percent
of the class.

Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company:

N/A

Item 8. Identification and Classification of Members of the Group:

N/A

Item 9. Notice of Dissolution of Group:

N/A

Item 10. Certification:

By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction
having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

July 8, 2016
_____________________
Date

SPROTT Inc.

By: /s/Kirstin McTaggart
_____________________
Kirstin McTaggart
Authorized Person