UNITED STATES	
SECURITIES AND EXCHANGE COMMISSION	
Washington, D.C. 20549	
	
FORM 25	
	NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.		
	
Commission File Number 001-15142	
	
Issuer: 	NORTH AMERICAN PALLADIUM LTD	
Exchange: 	NYSE MKT LLC	
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)	
	
Address: 	130 Adelaide Street West - Suite 2116
Toronto Ontario,

M5H 3P5	
Telephone number: 	416-360-7590	
(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)	
	
Common Stock Without Par Value	
(Description of class of securities)	
	
Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:	
o  17 CFR 240.12d2-2(a)(1)	
o  17 CFR 240.12d2-2(a)(2)	
o  17 CFR 240.12d2-2(a)(3)	
o  17 CFR 240.12d2-2(a)(4)	
x   Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. 1	
o   Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.	
	
Pursuant to the requirements for the Securities Exchange Act of 1934, NYSE MKT LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.	
	
2015-05-28	By	Paras Madho		Director	
Date		Name		Title	
	
1	Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.	

NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
NYSE MKT LLC (the 'Exchange' or 'NYSE MKT') hereby notifies the Securities and Exchange Commission ('SEC') of its intention to remove the entire class of common stock (the 'Common Stock') of North American Palladium (the 'Company') from listing and registration on the Exchange at the opening of business on June 8, 2015 pursuant to the provisions of Rule 12d2-2(b), because, in the opinion of the Exchange, the Common Stock is no longer suitable for continued listing and trading on the Exchange.
NYSE Regulation, Inc. ('NYSE Regulation') reached its decision to initiate delisting proceedings pursuant to Section 1003(f)(v) of the NYSE MKT Company Guide because of the 'abnormally low' trading price of the Common Stock.
1. On April 16, 2015, NYSE Regulation determined that the Common Stock of the Company should be suspended immediately from trading, and directed the preparation and filing with the SEC of this application for the removal of the Common Stock from listing and registration on the Exchange. The Company was notified by phone and by letter on April 16, 2015.
2. Pursuant to the above authorization, on April 16, 2015, a press release was immediately issued and notice was made on the 'ticker' of the Exchange announcing the suspension of trading in the Common Stock. Similar information was included on the Exchange's website.
4. The Company had a right to appeal the determination to delist the Common Stock to the Committee for Review (the 'Committee') of the Board of Directors of NYSE Regulation provided that it filed a written request for such a review with the Secretary of the Exchange within seven business days of receiving notice of the delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.