Veteran mining executive Richard Lock joins PolyMet team as project director; Dennis Bartlett retires from board of directors
07 January 2020 - 12:45AM
Business Wire
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, announces that Richard Lock, a veteran mining
executive who has led construction and development of large copper
and other mines around the globe, has joined PolyMet as senior vice
president and project director for the NorthMet Project.
Mr. Lock most recently was construction director for the KAZ
Minerals Peschanka open pit copper mine located in Russia, within
the Arctic Circle. Previously, he held executive and project
director roles at Arizona Mining Inc.’s Hermosa project, a
lead-zinc-silver mine in southern Arizona; Yara International’s
Dallol project, a sulfate of potash mining project in Ethiopia;
Western Potash Corporation’s Milestone project, a potash solution
mining project in Canada; and Rio Tinto’s Resolution and Keystone
copper projects in Arizona and Utah, respectively. Earlier, Mr.
Lock held leadership roles in the development of Canadian Natural
Resources Limited’s Horizon oilsands mining development in Alberta,
and Rio Tinto’s Diavik diamond mine in Canada’s Northwest
Territories.
“To secure the caliber of person with Mr. Lock’s experience,
leadership and technical talents – where he has led some of the
largest mining projects in the world – speaks to the NorthMet
Project’s appeal as a fully permitted project within the
world-class Duluth Complex, and the project’s tremendous potential
as Minnesota’s first copper-nickel-precious metals mine,” said Jon
Cherry, president and CEO. “We are very excited to have Richard on
board and to further strengthen our leadership team.”
Mr. Lock holds a Bachelor of Science degree from University
College Cardiff in the U.K.
Unrelated to Mr. Lock’s appointment and for personal reasons,
Dennis Bartlett retired from the PolyMet board of directors,
effective December 31, 2019. He joined the board in 2017.
“We are grateful for the insightful guidance Mr. Bartlett’s
experience contributed to the company. He has been a valuable
member of the board and we wish him every success in his future
endeavors,” said Ian L. Forrest, chairman.
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 former LTV Steel Mining Company processing
facility, located approximately seven rail 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 and received all permits necessary to
construct and operate the NorthMet Project. NorthMet 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
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, 2018, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200106005519/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
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