Court of Appeals requests additional information from MPCA on PolyMet air permit
23 Marzo 2020 - 12:11PM
Business Wire
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet
Mining Corp. (together PolyMet or the company) TSX: POM; NYSE
American: PLM, issued the following statement regarding today’s
Minnesota Court of Appeals decision remanding the air permit to the
Minnesota Pollution Control Agency to provide more information.
We are disappointed in the court’s decision and are evaluating
all legal options. We believe the Minnesota Pollution Control
Agency in its permit appropriately accounted for the potential
effects of the NorthMet Project. We stand ready to provide the
additional information the agency might need to update its decision
on the air permit. We demonstrated through the extensive
environmental review and permitting process that we can meet or
exceed Minnesota’s strict standards for nonferrous mines. This mine
will provide much needed jobs to a region of the state known for
its expertise in safe mining. We are continuing to move
forward.
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a publicly
traded mine development company that owns 100% of Poly Met Mining,
Inc. (together “PolyMet” or the “company”), a Minnesota corporation
that controls 100% of the NorthMet copper-nickel-precious metals
ore body through a long-term lease. The project features
significant assets including the deposit itself and infrastructure
including existing rail, roads and utilities that connect the ore
body to the plant site approximately seven rail miles away. The
project is located 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 permits
that provide authorization to build and operate an open pit mine
and associated processing facilities. The permits, however, are the
subject of ongoing litigation. NorthMet will take advantage of the
region’s established supplier network and skilled workforce, is
expected to require approximately two million hours of construction
labor, will 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.
For the purposes of TSX approval, the company relied on the
exemption set forth in Section 602.1 of the TSX Company Manual,
which provides that the TSX will not apply its standards to certain
transactions involving eligible interlisted issuers on a recognized
stock exchange, such as the NYSE American.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200323005609/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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