PolyMet EIS Receives Significantly Improved EPA Rating
14 March 2014 - 6:30AM
Marketwired
PolyMet EIS Receives Significantly Improved EPA Rating
ST. PAUL, MINNESOTA--(Marketwired - Mar 13, 2014) - PolyMet
Mining Corp. ("PolyMet" or the "Company") (TSX:POM)(NYSEMKT:PLM) -
The U.S. Environmental Protection Agency today issued a EC-2 rating
for the Company's NorthMet Project supplemental draft Environmental
Impact Statement.
"This rating demonstrates the significant improvements PolyMet
has made to the project in response to previous public and
regulatory comments," said Jon Cherry, president and CEO. "The EPA
review provides feedback and guidance to the co-lead agencies for
enhancements to finalize the environmental review process. We will
continue to work with the co-lead agencies to ensure they receive
additional data or information that might be required to address
the EPA's comments," Cherry said.
The EC rating is one of four possible, with the highest LO (Lack
of Objections) typically reserved for conservation-related projects
such as the Upper Mississippi National Wildlife and Fish Refuge
Comprehensive Conservation Plan Implementation. The EC
(Environmental Concerns) rating is the same as received by some
other notable Minnesota projects including the Central Corridor
Light Rail Project in the Twin Cities, the St. Croix River
Crossing, and several other major highway improvement and bridge
projects.
The 90-day public comment period for the supplemental draft EIS
ends today. The comment period included three well-attended
meetings at which both supporters and opponents were able to air
their views. Supporters included local community, business and
labor representatives.
Over the next several months, the co-lead agencies will review
and analyze all of the comments received and incorporate
substantive comments into the final EIS. "PolyMet looks forward to
responding to any outstanding questions and requests for
information from the co-lead agencies in order to bring the
environmental review process to a close," Cherry concluded.
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 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 the 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, 2013 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 October 31, 2013 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.
Media: PolyMet Mining Corp.Bruce RichardsonCorporate
Communications+1 (651)
389-4111brichardson@polymetmining.comInvestor Relations: PolyMet
Mining Corp.Jenny KnudsonInvestor Relations+1 (651)
389-4110jknudson@polymetmining.comwww.polymetmining.com
Polymet Mining (TSX:POM)
Historical Stock Chart
From Jan 2025 to Feb 2025
Polymet Mining (TSX:POM)
Historical Stock Chart
From Feb 2024 to Feb 2025