Polymet Mining Corp (PLM)

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PolyMet reviewing options after Minnesota Court of Appeals decision

ST. PAUL, Minn.--(BUSINESS WIRE)-- Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE American: PLM, released the following statement regarding today’s Minnesota Court of Appeals decision remanding the Permit to Mine and dam safety permits back to the Department of Natural Resources for a contested case hearing:

“We obviously are disappointed in the court’s decision. The administrative record for the NorthMet Project is built on a comprehensive process of scientific study, analysis and public review and comment established in state law, which we participated in for 15 years. We and the regulatory agencies have strictly followed that process. We are reviewing the decision and exploring all of our options, including filing a petition for review to the Minnesota Supreme Court.

“We remain firmly committed to putting people to work in northern Minnesota and will continue pushing forward on the project. The NorthMet deposit is abundant in metals that address climate change in the way of renewable and clean energy technologies. We are confident that we can produce these high-demand metals responsibly, with Minnesota workers, and in compliance with all applicable regulations.”