State Releases Six Draft Water Appropriation Permits for PolyMet Copper-Nickel Project
August 11 2017 - 1:06PM
Business Wire
These are the first of the major draft
permits expected to be released for public review this year
PolyMet Mining Corp. (“PolyMet” or the “Company”) TSX: POM; NYSE
AMERICAN: PLM – reports that the Minnesota Department of Natural
Resources today released six draft water appropriation permits for
public review and comment. These are the first of several major
permits required to build and operate the NorthMet
copper-nickel-precious metals project in northeastern
Minnesota.
The individual water appropriation permits are needed to use or
withdraw water from a surface or groundwater source for the
project. The draft permits are subject to a 30-day public review
and comment period, commencing today.
PolyMet submitted all of its major permit applications in 2016;
the water appropriation permits are the first of the major draft
permits to be released for public review and comment. Other permit
applications currently under review by the DNR and Minnesota
Pollution Control Agency include two Dam Safety permit
applications, which completed local units of government and tribal
review in June, and the Permit to Mine application.
“These six draft permits represent another big step forward for
PolyMet. We anticipate the state will release the remaining draft
permits for public review later this summer and fall,” said Jon
Cherry, president and CEO.
The draft water appropriations permits, associated consolidated
water appropriation permit application and other permit
applications and their status are posted on www.polymet.mn.gov. The
website also provides information about the permitting process
conducted by the DNR and MPCA.
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 Erie Plant, a
large processing facility located approximately six 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. The NorthMet Final EIS
was published in November 2015, preparing the way for decisions on
permit applications. The NorthMet Project 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
receipt of environmental and operating permits, 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 January 31, 2017 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 April 30, 2017.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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PolyMet Mining Corp.Media:Bruce Richardson, +1
651-389-4111Corporate
Communicationsbrichardson@polymetmining.comorInvestor
Relations:Jenny Knudson, +1 651-389-4110Investor
Relationsjknudson@polymetmining.com
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