Minnesota Supreme Court will hear appeal on three PolyMet permits
25 Marzo 2020 - 3:45PM
Business Wire
The Minnesota Supreme Court today granted review of a Minnesota
Court of Appeals’ ruling on the NorthMet Permit to Mine and dam
safety permits, according to Poly Met Mining, Inc., a wholly owned
subsidiary of PolyMet Mining Corp. (together “PolyMet” or the
“company”) TSX: POM; NYSE American: PLM.
PolyMet and the Department of Natural Resources (DNR) had
petitioned the Supreme Court in February to overturn the lower
court’s January 13 ruling, which remanded the three permits to the
DNR for a contested case hearing.
“We are pleased the court agreed to review this case, which
naturally is of great importance to PolyMet, but also has
potentially far-reaching effects on any business seeking permits
from the state,” said Jon Cherry, president and CEO. “The court of
appeals’ interpretation of the statute creates tremendous
uncertainty for companies who want to invest in Minnesota and must
seek permits from the DNR and Pollution Control Agency. We are
looking forward to presenting our case to the Minnesota Supreme
Court.”
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a publicly
traded mine development company that owns 100% of Poly Met Mining,
Inc., a Minnesota corporation that controls 100% of the NorthMet
copper-nickel-precious metals ore body through a long-term lease,
and owns 100% 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 all 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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version on businesswire.com: https://www.businesswire.com/news/home/20200325005758/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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