Minnesota Court of Appeals Upholds Environmental Review for NorthMet Project, Rejects Environmental Groups’ Petition for Su...
28 Mai 2019 - 6:56PM
Business Wire
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, announces that the Minnesota State Court of Appeals
today upheld the scope of the environmental review prepared for the
NorthMet Project prepared by the Minnesota Department of Natural
Resources, rejecting a challenge from several environmental groups
who wanted the DNR to prepare a supplemental review.
In its unanimous decision, the three-judge panel affirmed the
DNR’s decision not to prepare a supplemental EIS based on claims by
the Minnesota Center for Environmental Advocacy, Friends of the
Boundary Waters Wilderness and Water Legacy, that PolyMet had
changed its project. As the court explained, “[t]he new information
submitted by MCEA and Friends did not significantly affect the
potential for environmental effects because it was too
speculative.” The court further emphasized that, “[a]s the
proposer, PolyMet sets the parameters of the proposed project.”
The court’s ruling covered three consolidated appeals filed in
2018. The Final Environmental Impact Statement for PolyMet’s
NorthMet Project was published in November 2015 and subsequently
approved by the co-lead agencies: the Minnesota Department of
Natural Resources, U.S. Forest Service and U.S. Army Corps of
Engineers.
“We are pleased that the Court of Appeals agrees with us and the
DNR,” said Jon Cherry, president and CEO. “The court’s decision
reaffirms the environmental review for NorthMet, which was the most
comprehensive and lengthiest in the state’s history, appropriately
addresses the scope of our plan to responsibly mine copper, nickel
and precious metals from the world-class Duluth Complex in
northeastern Minnesota.”
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
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.
Click here to subscribe to Mobile Alerts for PolyMet Mining
Corp.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190528005649/en/
MediaBruce Richardson, Corporate CommunicationsTel: +1
(651) 389-4111brichardson@polymetmining.com
Investor RelationsTony Gikas, Investor RelationsTel: +1
(651) 389-4110investorrelations@polymetmining.com
Polymet Mining (TSX:POM)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Polymet Mining (TSX:POM)
Historical Stock Chart
Von Jan 2024 bis Jan 2025