PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc., explores for and develops natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States. The company was formerly known as Fleck Resources Ltd. and changed its name to PolyMet Mining Corp. in June 1998. PolyMet Mining Corp. was incorporated in 1981 and is headquartered in Saint Paul, Minnesota.
IPO Year:
Exchange: AMEX
Website: polymetmining.com
St. Paul, Minnesota--(Newsfile Corp. - June 14, 2023) - The board of directors of PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") re-elected Jon Cherry its chairman following the Annual General Meeting of Shareholders held in Vancouver, British Columbia, and re-appointed Al Hodnik lead independent director. At the Annual General Meeting of Shareholders, which also was held virtually at www.virtualshareholdermeeting.com/PLM2023, 90.75% of the eligible shares were represented and all motions put forward by the company were passed. The number of directors of the company was fixed at seven and the following persons were elected as directors of the company to hold office u
St. Paul, Minnesota--(Newsfile Corp. - May 30, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company"), announces its NewRange Copper Nickel joint venture ("NewRange") has commenced work at NorthMet to ready the site for construction when the clean energy minerals project is approved.Estimated to cost US$18M, the work program focuses on preparing the plant site for construction by removing and salvaging steel and other material from the pre-existing concentrator building. The concentrator will be refurbished as part of constructing the NorthMet Project. Up to 120,000 labor hours are expected by as many as 120 union workers, trimming valuable time from the construction
St. Paul, Minnesota--(Newsfile Corp. - May 11, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") today reports its financial results for the period ended March 31, 2023 and provides a business update.The company achieved three major milestones during the period:Closed on the joint venture agreement (the "Joint Venture") with Teck Resources Limited ("Teck"). Under the Joint Venture, named NewRange Copper Nickel LLC ("NewRange Copper Nickel"), the NorthMet and Mesaba deposits containing high-demand copper, nickel, cobalt and platinum group metals (PGM) are under single management with PolyMet and Teck each holding a 50% interest. NorthMet and Mesaba represent two o
St. Paul, Minnesota--(Newsfile Corp. - April 10, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") announces the successful completion of its rights offering, which expired at 5:00 p.m. (Toronto time) on April 4, 2023. The company issued the full allotment of 92,606,635 common shares pursuant to the rights offering for gross proceeds of approximately US$195 million. The proceeds of the rights offering and standby commitment have been used to repay all of PolyMet's unsecured and secured and convertible debt owed to Glencore AG ("Glencore") and costs related to the rights offering, and are also intended to fund the company's portion of NewRange Copper Nickel LLC,
St. Paul, Minnesota--(Newsfile Corp. - April 5, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") today announced preliminary results that indicate successful conclusion of its approximately US$195 million rights offering following the expiration of the subscription period, at 5:00 p.m. (Toronto time) on April 4, 2023. The company intends to use the net proceeds of the rights offering and standby commitment for: (a) repayment of costs related to the rights offering and repayment of all of its unsecured and secured and convertible debt owed to Glencore AG ("Glencore") which, as at January 31, 2023, was US$97 million, with additional interest accruing of approximat
St. Paul, Minnesota--(Newsfile Corp. - March 23, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company"), today reports it has filed its financial results for the year ended December 31, 2022 and provides a first quarter 2023 business update.During 2022 and Q1 2023, PolyMet:Entered into a joint venture agreement (the "Joint Venture") with Teck American Inc., a subsidiary of Teck Resources Limited ("Teck"), which closed February 14, 2023. Under the Joint Venture, named NewRange Copper Nickel LLC ("NewRange Copper Nickel"), the NorthMet and Mesaba deposits containing high-demand copper, nickel, cobalt and platinum group metals (PGM) are under single management with PolyM
St. Paul, Minnesota--(Newsfile Corp. - March 13, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") has commenced its previously announced offering of rights ("Rights") to purchase common shares of the company ("Common Shares") to raise US$195,400,000 in gross proceeds (the "Rights Offering"). The Rights trade on the Toronto Stock Exchange ("TSX") under the symbol "POM.RT" and will cease trading on the TSX at noon (Toronto time) on April 4, 2023. The Rights trade on the NYSE American under the symbol "PLM.RT", and will be suspended on the NYSE American prior to the markets opening on April 4, 2023.All eligible holders of Common Shares ("Shareholders") of PolyMet (
St. Paul, Minnesota--(Newsfile Corp. - February 27, 2023) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") today announced that it has filed a rights offering circular (the "Circular") and rights offering notice (the "Notice") with respect to PolyMet's previously announced offering (the "Rights Offering") of rights ("Rights") to holders of common shares ("Common Shares") of record as of the close of markets on March 10, 2023 (the "Record Date").Pursuant to the Rights Offering, holders of Common Shares ("Shareholders") on the Record Date will receive one (1) right (a "Right") for each Common Share held. Each Right will entitle the Shareholder to subscribe for 0.9106884
Confirms intention to proceed with previously announced rights offering for proceeds of approximately US$200 millionPolyMet holds 50% interest in NewRange Copper Nickel, owner of the NorthMet and Mesaba projects, two of the largest undeveloped clean energy mineral resources in the U.S.Partnering with Teck Resources on NewRange Copper Nickel combined with Glencore's long-standing interest in PolyMet brings substantial operational, marketing and financial resourcesPolyMet offers investors direct access to NewRange Copper Nickel as PolyMet remains a publicly traded company, dually listed on TSX and NYSE AmericanPolymet to launch rights offering of approximately US$200 million to fund PolyMet's
Report reaffirms economic and technical viability of NorthMet ProjectSt. Paul, Minnesota--(Newsfile Corp. - December 30, 2022) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company") - today announced the filing of an updated technical report (the "Study" or this "report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on the NorthMet Project. This report reaffirms the economic and technical viability of the NorthMet copper-nickel-precious metals project located near Hoyt Lakes, Minnesota.This report, entitled "NorthMet Copper-Nickel Project Feasibility Update", contains original plans but updated cost esti
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St. Paul, Minnesota--(Newsfile Corp. - June 30, 2022) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) today announced the appointment of Denton Henkelman as vice president and project director. In a career spanning 36 years, Mr. Henkelman has led engineering and construction of major hard rock mining projects including the Eagle nickel-copper mine in Michigan, the Diavik diamond mine in Canada's Northwest Territories, iron-ore expansions, oil sands developments, and ancillary facilities such as refineries, shipping ports, water management systems and railways globally. Most recently, Mr. Henkelman was project director of Baffinland Iron Mines Corp.'s major iron ore mine expansion in the Canadian
St. Paul, Minnesota--(Newsfile Corp. - December 10, 2021) - PolyMet Mining Corp. (TSX:POM) (NYSE:PLM) ("PolyMet" or the "company"), today announced the appointment of Glencore executive Matthew Rowlinson to the board of directors, replacing Nathan Bullock, who stepped down. Mr. Rowlinson's appointment and Mr. Bullock's resignation is effective immediately. Mr. Rowlinson leads business development for Glencore's copper assets group. He brings a broad range of mining and metals experience from multiple strategic finance roles across different production chains and geographies and exposure to global marketing strategies of different products. He has led and been involved with many of Glencore's
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