PolyMet Expands Board of Directors
March 10 2011 - 8:30AM
Marketwired
PolyMet Mining Corp. (TSX: POM)(NYSE Amex: PLM) ("PolyMet" or the
"Company") announced today that it has appointed Alan R. Hodnik and
Michael M. Sill to its Board of Directors.
Al Hodnik was named President of ALLETE, Inc. in May 2009 and
CEO of that company in May 2010. Since joining ALLETE in 1982, Mr.
Hodnik has served as Vice President-Generation Operations, Senior
Vice President of Minnesota Power Operations, and Chief Operating
Officer. As Chief Operating Officer, he led transmission,
distribution, generation, and engineering for all aspects of the
Company. Mr. Hodnik was the elected mayor of the City of Aurora, MN
from 1988 to 1998. He is a member of the board of Essentia Health -
East Region and of the Area Partnership for Economic Expansion
(APEX).
Mr. Hodnik has served ALLETE for 29 years, working in a wide
variety of positions of increasing responsibility. He brings
utility operations, strategic planning, leadership, and broader
organizational development experience, as well as a deep
understanding of the region served by that company.
Mike Sill has served as President and CEO of Road Machinery
& Supplies Co. since 1994, having joined the company in 1988.
Road Machinery is a distributor of construction, mining and
forestry equipment. Educated at Dartmouth College and J.L. Kellogg
Graduate School of Management, Mr. Sill started his career as a
financial analyst and commercial lending officer with The Northern
Trust Company. He has served on the boards of the Equipment
Distributors Association of MN, Associated General Contractors of
MN, and the Twin Cities Regional Board of US Bank.
Frank Sims, Co-Chair of PolyMet stated, "I welcome Al and Mike
to our board. They bring extensive business experience in the upper
Midwest and we look forward to their guidance as we complete the
environmental review and permitting process for our NorthMet
project."
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a
publicly-traded mine development company that controls 100% of the
NorthMet copper-nickel-precious metals ore body through a long-term
lease and owns 100% of the Erie Plant, a large processing facility
located approximately six miles from the ore body in the
established mining district of the Mesabi Range in northeastern
Minnesota. PolyMet Mining Corp. has completed its Definitive
Feasibility Study and is seeking environmental and operating
permits to enable it to commence production. The NorthMet project
is expected to require more than one-and-a-quarter million hours of
construction labor and create approximately 360 long-term jobs, a
level of activity that will have a significant multiplier effect in
the local economy.
POLYMET MINING CORP.
Joe Scipioni, CEO
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 our
beliefs related to the expected proceeds and closing of the
registered direct offering, exploration results and budgets,
reserve estimates, mineral resource estimates, work programs,
capital expenditures, actions by government authorities, including
changes in government regulation, the market price of natural
resources, costs, or other statements that are not a statement of
fact. Forward-looking statements address future events and
conditions and therefore involve inherent 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 PolyMet's most recent Annual
Report on Form 20-F for the fiscal year ended January 31, 2010 and
in our other filings with Canadian securities authorities and the
Securities and Exchange Commission, including our Report on Form
6-K providing information with respect to our operations for the
nine months ended October 31, 2010 for a discussion of some of the
risk factors and other considerations underlying forward-looking
statements.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Contacts: PolyMet Mining Corp. - Corporate Douglas Newby Chief
Financial Officer +1 (212) 867-1834 dnewby@polymetmining.com
PolyMet Mining Corp. - Media LaTisha Gietzen VP Public, Gov't &
Environmental Affairs +1 (218) 225-4417 lgietzen@polymetmining.com
PolyMet Mining Corp. - Investors Crystal Agresti +1 (845) 742-8153
cagresti@polymetmining.com PolyMet Mining Corp. - Investors Alex
Macdougall +1 (226) 663-3000 amacdougall@polymetmining.com
www.polymetmining.com
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