PolyMet Mining Corp.
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jonathan Cherry
- Full Time Employees
- 21
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 444 Cedar Street Saint Paul MN United States of America 55101
- IPO Date
- Oct 12, 2000
- CIK
- 0000866028
- Website
- polymetmining.com
- Similar Companies
- Business
- PolyMet Mining Corp. (TSX: POM; NYSE American: PLM) is a development-stage mining company focused on the exploration and development of polymetallic deposits containing copper, nickel, cobalt, platinum group metals, gold and silver; its primary asset is the NorthMet Project in northeastern Minnesota, USA, which includes the NorthMet ore body and the Erie Plant processing facilities for open-pit mining and hydrometallurgical processing. Founded in 1981 and headquartered in St. Paul, Minnesota, the company targets critical minerals for clean energy applications through its 50% interest in NewRange Copper Nickel LLC, a joint venture with Teck Resources Limited that consolidates the NorthMet and Mesaba deposits representing approximately half of the known resources in Minnesota's Duluth Complex. Operations are centered in the established Mesabi Iron Range mining district, with plans for annual production of around 72 million pounds of copper, 15 million pounds of nickel, 720,000 pounds of cobalt and significant precious metals over a 20-year mine life, subject to permitting and construction. In recent developments, Glencore Plc completed its acquisition of the remaining 17.82% of PolyMet's shares not already owned in November 2023 for approximately US$73 million, taking full ownership and providing substantial financial backing amid permitting challenges; PolyMet closed a US$195 million rights offering in April 2023, primarily backstopped by Glencore, to fund its NewRange obligations, repay Glencore debt and support project advancement. The NorthMet Project's Section 404 wetlands permit was revoked by the U.S. Army Corps of Engineers in June 2023 following litigation and environmental reviews, with ongoing legal proceedings and annual permit reporting under NewRange; NewRange committed US$170 million for NorthMet engineering updates, Mesaba studies and permit maintenance as of 2023-2024.
PolyMet Mining (NYSEAMERICAN:PLM) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?
PolyMet Mining (NYSEAMERICAN:PLM) Stock Price Crosses Below 200 Day Moving Average – What’s Next?
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PolyMet Mining reports results for period ended June 30, 2023
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PolyMet Enters into Definitive Agreement for Glencore to Acquire Full Ownership
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