Court Dismisses All Lawsuits Contesting PolyMet Land Exchange
01 Oktober 2019 - 4:38PM
Business Wire
Federal judge rules that eight environmental
groups lacked standing
Poly Met Mining, Inc, a wholly-owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, reports the U.S. District Court in Minneapolis has
dismissed all lawsuits challenging the NorthMet land exchange
between the U.S. Forest Service and PolyMet.
The court ruled late yesterday that the eight plaintiffs in four
lawsuits filed against the U.S. Department of Agriculture’s Forest
Service in early 2017 lacked standing to challenge the transaction.
The court explained that because the plaintiffs did not use the
land exchange property, they were not injured by PolyMet’s
ownership. At the same time, it denied three motions seeking a
preliminary injunction against PolyMet’s activities on the land
exchange property.
The lawsuits dismissed by the court sought to reverse the land
exchange transaction and temporarily stop any work being performed
on the property. Plaintiffs represented in one or more of the four
lawsuits were: WaterLegacy, Minnesota Center for Environmental
Advocacy, the W.J. McCabe Chapter of the Izaak Walton League of
America, Save Our Sky Blue Waters, Earthworks, Center for
Biological Diversity, Sierra Club North Star Chapter, and Save Lake
Superior Association.
In the land exchange, which was consummated in June 2018,
PolyMet obtained title to approximately 6,650 acres of U.S. Forest
Service land and in return the Forest Service received
approximately 6,900 acres of privately held land. State and federal
agencies subsequently issued all of the necessary permits to
PolyMet to build and operate the NorthMet copper-nickel-precious
metals mine on the property, located near Hoyt Lakes,
Minnesota.
“This decision is consistent with our longstanding position that
the NorthMet Project stands on firm legal ground and meets all of
the conditions required of it by a rigorous and lengthy
environmental review and permitting process,” said Jon Cherry,
president and CEO. “We are grateful for the court’s thoughtful and
careful consideration of this matter and pleased that a longer
process in the district court now will be avoided.”
With these four new decisions, PolyMet has now prevailed in all
six of the legal challenges to the NorthMet Project that have
reached a final decision.
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
key 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/20191001005848/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
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