Polymet Mining

PolyMet Mining Corp. engages in the exploration and development of natural resource properties. It develops and operates the NorthMet project in Minnesota, which hosts copper, nickel, cobalt, and platinum group metal mineralization. The company was founded by John P. McGoran on March 4, 1981 and is headquartered in St. Paul, MN.

Earnings data Q3 2023

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St. Paul, Minnesota--(Newsfile Corp. - August 10, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company"), today reports its financial results for the three and six months ended June 30, 2023. The company experienced three significant events during the period: Completed an offering of rights to shareholders of common shares of the company raising approximately $195M in gross proceeds (the "Rights Offering") to repay outstanding debt, fund PolyMet's share of the work program associated with the NewRange Copper Nickel joint venture and certain other corporate activities.

PolyMet Mining reports results for period ended June 30, 2023

St. Paul, Minnesota--(Newsfile Corp. - August 2, 2023) - Poly Met Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") announced that the Minnesota Supreme Court, in a decision released today, sent NewRange Copper Nickel's water discharge permit for the NorthMet project back to the Minnesota Pollution Control Agency for further clarification and documentation. NewRange responded in its own news release today that it "looks forward to working with the respective state, federal and tribal agencies to address the court's ruling," expressing confidence that the additional proceedings will "confirm the project protects water quality.

NorthMet Water Discharge Permit remanded to MPCA for additional review

Glencore PLC

(Kitco News) - PolyMet said the consideration represents a 167% premium to the unaffected share price on June 30, 2023.

Glencore to acquire full ownership in PolyMet Mining

Polymet Mining Corp (TSX:POM) has accepted Glencore PLC (LSE:GLEN)'s proposal to purchase the remaining 18% stake in the company for approximately $73 million, according to reports on Monday. The offer from Glencore, which amounted to $2.11 per share in cash, caused PolyMet's stock to more than double earlier in July.

PolyMet Mining accepts Glencore's $73M proposal for remaining stake

PolyMet Mining Corp. POM, +3.86% PLM, +3.54% said Monday it agreed to a buyout price of $2.11 per share from Glencore AG after a review of the offer by an independent special committee of its board of directors. Glencore is buying the 17.8% of PolyMet stock is does not own.

Polymet to sell remaining stake to Glencore for $2.11 per share

Transaction provides Minority Shareholders with all-cash consideration of US$2.11 per share and represents a 167% premium to the unaffected closing price on June 30, 2023 Special meeting of shareholders expected to be held at the end of the third quarter of 2023 or early in the fourth quarter of 2023 St. Paul, Minnesota--(Newsfile Corp. - July 17, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") announced today that, based on the unanimous recommendation of an independent special committee of its board of directors (the "Special Committee"), it has entered into a definitive agreement (the "Agreement") with Glencore AG ("Glencore"), in respect of a transaction whereby Glencore will acquire the approximately 17.8% of the issued and outstanding common shares of the company that Glencore does not currently own (the "Minority Shares") for US$2.11 in cash per share (the "Consideration"), subject to approval by PolyMet shareholders, court approval and other customary closing conditions (the "Transaction"). The Transaction has several benefits for shareholders of PolyMet other than Glencore (the "Minority Shareholders") including: Significant Premium: The Consideration represents a 167% premium to the unaffected share price on June 30, 2023, being the last trading day prior to the announcement of Glencore's non-binding proposal to acquire PolyMet.

PolyMet Enters into Definitive Agreement for Glencore to Acquire Full Ownership

(Kitco News) - On Monday, PolyMet Mining (TSX: POM) (NYSE: PLM) announced that it received a non-binding proposal from Glencore to acquire all outstanding shares of PolyMet that it does not already own for cash consideration of US$2.11 per share.

PolyMet receives non-binding proposal from Glencore to go private

US mining company Polymet Mining Corp (TSX:POM) saw its stock continue to climb on Tuesday after Swiss commodities giant Glencore PLC (LSE:GLEN) announced its intention to acquire full ownership of the copper miner. Glencore already holds an 82% stake in PolyMet and offered approximately $71 million to raise its ownership to 100% -- effectively taking it private.

PolyMet Mining shares continue to soar after Glencore's $71M offer

St. Paul, Minnesota--(Newsfile Corp. - July 3, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") announced today that its independent Special Committee (the "Special Committee") of PolyMet's Board of Directors received a non-binding proposal from Glencore AG ("Glencore") to acquire all outstanding shares of PolyMet that it does not already own for cash consideration of US$2.11 per share, subject to certain conditions, including the entering into of a definitive agreement. The purchase price per share proposed by Glencore represents an approximately 167% premium over the price of US$0.79 per share at the close of business Friday, June 30, 2023.

PolyMet Receives Non-Binding Proposal to Go Private

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES BAAR, Switzerland, July 03, 2023 (GLOBE NEWSWIRE) -- On June 30, 2023, Glencore AG, a wholly-owned subsidiary of Glencore plc (together “Glencore”) submitted a non-binding proposal to the board of directors of PolyMet Mining Corp. (“PolyMet”) to acquire all of the outstanding common shares of PolyMet (“Common Shares”), other than those shares currently held by Glencore (the “Proposal”). Under the Proposal, each Common Share would be acquired for consideration of US$2.11 in cash, which is at par with the recent Rights Offering done by PolyMet in April 2023.

Glencore Submits Non-Binding Acquisition Proposal to PolyMet Board

St. Paul, Minnesota--(Newsfile Corp. - June 14, 2023) - The board of directors of PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet Releases Voting Results of Annual Shareholder Meeting

St. Paul, Minnesota--(Newsfile Corp. - June 6, 2023) - Poly Met Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company"), shares the following statement issued today by NewRange Copper Nickel LLC ("NewRange") regarding the revocation of NorthMet's Clean Water Act section 404 permit by the U.S. Army Corps of Engineers: "Today's decision by the U.S. Army Corps of Engineers is reversal of thoroughly reviewed water quality data that has been collected and assessed over the last decade. The planned NorthMet Project development is protective of water, air and other resources and can produce copper, nickel and platinum group metals (PGM) in a responsible and sustainable manner.

PolyMet reacts to Corps of Engineers decision on NorthMet section 404 permit

St. Paul, Minnesota--(Newsfile Corp. - May 30, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet Announces Site Readiness Initiative For NorthMet Project

St. Paul, Minnesota--(Newsfile Corp. - May 11, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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").

PolyMet Mining reports results for period ended March 31, 2023

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Cobalt Miners News For The Month Of April 2023.

Cobalt Miners News For The Month Of April 2023

St. Paul, Minnesota--(Newsfile Corp. - April 10, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet closes successful rights offering

St. Paul, Minnesota--(Newsfile Corp. - April 5, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet announces preliminary results for rights offering

St. Paul, Minnesota--(Newsfile Corp. - March 23, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet Mining Reports Results for Year Ended December 31, 2022

St. Paul, Minnesota--(Newsfile Corp. - March 13, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet announces commencement of the Rights Offering and trading dates

St. Paul, Minnesota--(Newsfile Corp. - February 27, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet Announces Filing of a Rights Offering Circular

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.

PolyMet closes NewRange Copper Nickel joint venture with Teck Resources

Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - BMI anticipates that cobalt prices will fall in early 2023 given surplus forecasts. Project Blue forecasts cobalt prices should strengthen as the year goes on.

Cobalt Miners News For The Month Of January 2023

Report reaffirms economic and technical viability of NorthMet ProjectSt. Paul, Minnesota--(Newsfile Corp. - December 30, 2022) - PolyMet Mining Corp. (TSX: POM) (NYSE American: 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.

PolyMet Mining releases updated NI 43-101 Technical Report on NorthMet copper-nickel-PGM deposit

St. Paul, Minnesota--(Newsfile Corp. - November 28, 2022) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") today announced the filing of a technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") by Independent Mining Consultants, Inc. ("IMC") and JDS Energy & Mining Inc. ("JDS") on the Mesaba deposit.

PolyMet Mining releases NI 43-101 Technical Report on Mesaba copper-nickel-PGM deposit

St. Paul, Minnesota--(Newsfile Corp. - November 10, 2022) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") today filed its financial results for the three and nine months ended September 30, 2022. In the recent quarter, the company continued to progress toward closing on the NewRange Copper Nickel joint venture (the "Joint Venture") agreement with Teck and advance the NorthMet Project through completion of litigation and regulatory processes.

News for Polymet Mining Stock (PLM)