PolyMet Reports Successful Water Treatment Pilot Plant
October 10 2012 - 8:10AM
Marketwired
PolyMet Mining Corp. (TSX:POM)(NYSE MKT:PLM)(NYSE Amex:PLM)
("PolyMet" or the "Company") is pleased to announce that it has
successfully treated over one million gallons of water through its
Reverse Osmosis (RO) pilot water treatment plant. The pilot plant
has been operational since May 2012 and is designed to treat water
containing elevated levels of sulfate. The purpose of the pilot
plant is to demonstrate the ability to comply with Minnesota's
strict water quality standards using a modular system that can be
expanded to a full-scale treatment plant.
PolyMet owns 100% of the NorthMet Project, which comprises the
development-stage NorthMet copper-nickel-precious metals ore-body
and the nearby Erie Plant, located near Hoyt Lakes in the
established mining district of the Mesabi Iron Range in
northeastern Minnesota.
The NorthMet Project's potential impact on water quality is a
key issue in the environmental review and permitting process. The
successful pilot plant test is a significant accomplishment,
demonstrating that water with elevated sulfate levels can be
treated to meet Minnesota's 10 parts-per-million sulfate standard
for waters used for the production of wild rice.
PolyMet partnered with GE Water & Process Technologies (GE)
and Barr Engineering to design and operate the pilot plant using
Reverse Osmosis (RO) membrane technology developed by GE. The test
work demonstrates the technical and regulatory viability of Reverse
Osmosis as a water treatment method that will enable PolyMet to
successfully develop the NorthMet copper-nickel deposit and meet
state and federal water quality standards.
"Our ability to successfully demonstrate the effectiveness of
our planned water treatment systems prior to permitting and
construction is extremely important," said Jon Cherry, President
and CEO of PolyMet. "We want both the community and agencies to
understand our commitment to constructing and operating NorthMet
Project in an environmentally responsible manner that meets all
applicable standards."
Yuvbir Singh, General Manager, Engineered Systems, GE Water and
Process Technologies stated, "GE is pleased to be working with
PolyMet and Barr to develop this site specific water treatment
system. The combination of PolyMet and Barr's design and operating
knowledge with GE's worldwide expertise in membrane treatment
technology shows how application of the right technology can
achieve compliance with very strict water quality standards."
PolyMet continues to operate the pilot treatment plant to refine
operating parameters and increase efficiencies.
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a
publicly-traded mine development company that owns 100% of Poly Met
Mining, Inc., a Minnesota corporation 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. Poly Met Mining, Inc. 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 approximately two million hours of
construction labor, creating approximately 360 long-term jobs, a
level of activity that will have a significant multiplier effect in
the local economy.
POLYMET MINING CORP.
Jon Cherry, 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 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, ability to receive environmental and operating permits, job
creation, 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 PolyMet's most recent Annual
Report on Form 20-F for the fiscal year ended January 31, 2012 and
in our other filings with Canadian securities authorities and the
U.S. Securities and Exchange Commission, including our Report on
Form 6-K providing information with respect to our operations for
the three months ended July 31, 2012 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 (651) 389-4105dnewby@polymetmining.com PolyMet
Mining Corp. - Media LaTisha Gietzen VP Public, Gov't &
Environmental Affairs +1 (218) 225-4417lgietzen@polymetmining.com
PolyMet Mining Corp. - Investors Jenny Knudson VP - Investor
Relations +1 (651) 389-4110jknudson@polymetmining.com
www.polymetmining.com
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