Nonferrous mining rules governing PolyMet Project are valid, not subject to further review after Minnesota Supreme Court deni...
29 Octubre 2019 - 2:09PM
Business Wire
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, reports the Minnesota State Supreme Court today
declined to hear a petition for review by environmental groups to a
lower court decision regarding the state’s nonferrous mining
rules.
Environmental groups had petitioned the high court for review of
a unanimous August 5, 2019 state Court of Appeals decision that
upheld nonferrous mining rules administered by the Minnesota
Department of Natural Resources.
“The state has some of the strictest environmental regulations
in the country, and we’ve proven that we can meet those standards,”
said Jon Cherry, president and CEO. “We are very pleased with this
outcome.”
The Court of Appeals ruling covered an appeal filed in late 2018
seeking a declaration that the MDNR’s nonferrous mining rules are
invalid. The Court of Appeals ruling and subsequent denial for
review by the state Supreme Court means the decision stands.
Groups filing the petition were The Minnesota Center for
Environmental Advocacy, Friends of the Boundary Waters Wilderness,
Duluth for Clean Water, Friends of the Cloquet Valley State Forest,
Save Lake Superior Association, Save our Sky Blue Waters, and
Center for Biological Diversity.
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a publicly
traded mine development company that owns 100 percent of Poly Met
Mining, Inc., a Minnesota corporation that controls 100 percent of
the NorthMet copper-nickel-precious metals ore body through a
long-term lease, and owns 100 percent of the former LTV Steel
Mining Company processing facility, located approximately seven
rail miles from the ore body in the established mining district of
the Mesabi Iron Range in northeastern Minnesota. Poly Met Mining,
Inc. has completed its Definitive Feasibility Study and received
key permits necessary to construct and operate the NorthMet
Project. NorthMet is expected to require approximately two million
hours of construction labor, create approximately 360 long-term
jobs directly, and generate a level of activity that will have a
significant multiplier effect in the local economy.
PolyMet Disclosures
This news release contains certain forward-looking statements
concerning anticipated developments in PolyMet’s operations in the
future. Forward-looking statements are frequently, but not always,
identified by words such as “expects,” “anticipates,” “believes,”
“intends,” “estimates,” “potential,” “possible,” “projects,”
“plans,” and similar expressions, or statements that events,
conditions or results “will,” “may,” “could,” or “should” occur or
be achieved or their negatives or other comparable words. These
forward-looking statements may include statements regarding the
ability to receive environmental and operating permits, job
creation, and the effect on the local economy, or other statements
that are not a statement of fact. Forward-looking statements
address future events and conditions and therefore involve inherent
known and unknown risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements due
to risks facing PolyMet or due to actual facts differing from the
assumptions underlying its predictions.
PolyMet’s forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements
are made, and PolyMet does not assume any obligation to update
forward-looking statements if circumstances or management’s
beliefs, expectations and opinions should change.
Specific reference is made to risk factors and other
considerations underlying forward-looking statements discussed in
PolyMet’s most recent Annual Report on Form 40-F for the fiscal
year ended December 31, 2018, and in our other filings with
Canadian securities authorities and the U.S. Securities and
Exchange Commission.
The Annual Report on Form 40-F also contains the company’s
mineral resource and other data as required under National
Instrument 43-101.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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Corp.
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version on businesswire.com: https://www.businesswire.com/news/home/20191029006085/en/
Media Bruce Richardson, Corporate Communications Tel: +1
(651) 389-4111 brichardson@polymetmining.com
Investor Relations Tony Gikas, Investor Relations Tel: +1
(651) 389-4110 investorrelations@polymetmining.com
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