PolyMet seeks state Supreme Court review of lower court air permit ruling
22 4월 2020 - 3:49AM
Business Wire
Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, today filed a Petition for Review to the Minnesota
Supreme Court seeking to overturn a state Court of Appeals ruling
March 23, that remanded the company’s air permit to the Minnesota
Pollution Control Agency (MPCA).
PolyMet is seeking Supreme Court review to clarify when a court
of appeals can require an agency to make additional findings and
whether it can presume without evidence that an agency will not
enforce its permits. “The Court of Appeals’ decision creates
regulatory uncertainty that could have far-reaching, negative
implications for businesses seeking permits in the state,” said Jon
Cherry, president and CEO.
This is the second petition the company has made to the Supreme
Court to review a Court of Appeals’ decision. The Supreme Court on
March 25 granted petitions for review from both PolyMet and the
Department of Natural Resources’ (DNR) on a ruling from the lower
court remanding the Permit to Mine and dam safety permits to the
DNR.
Cherry said the company remains determined and confident that it
will advance its copper-nickel-precious metal mine on the Iron
Range, creating more than 1,000 direct and spinoff jobs and
approximately two million hours of construction labor. “It’s one
way Minnesota can meaningfully contribute to climate change
solutions by furnishing the copper, nickel, cobalt and other metals
that are so critical to the manufacture of renewable energy
technologies such as solar arrays and wind turbines, and electric
vehicles,” he said.
About PolyMet PolyMet Mining Corp.
(www.polymetmining.com) is a publicly traded mine development
company that owns 100% of Poly Met Mining, Inc. (together “PolyMet”
or the “company”), a Minnesota corporation that controls 100% of
the NorthMet copper-nickel-precious metals ore body through a
long-term lease. The project features significant assets including
the deposit itself and infrastructure including existing rail,
roads and utilities that connect the ore body to the plant site
approximately seven rail miles away. The project is located 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 permits that provide
authorization to build and operate an open pit mine and associated
processing facilities. The permits, however, are the subject of
ongoing litigation. NorthMet will take advantage of the region’s
established supplier network and skilled workforce, is expected to
require approximately two million hours of construction labor, will
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, 2019, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200421005807/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)
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Polymet Mining (TSX:POM)
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