PolyMet Mining Updates Investors With Exclusive Interview With The Wall Street Analyzer
NEW YORK, NY–(Marketwired – Jul 25, 2013) – PolyMet Mining CFO Douglas Newby spoke with The Wall Street Analyzer’s investor audience about the company’s NorthMet Project in Minnesota and recent rights offering. With the $60 million offering, the company is well financed to complete the permitting process and pre-construction engineering necessary to move the project rapidly into the construction phase. PolyMet’s strategic investor, Glencore, provided one-third of the offering while non-strategic investors provided two-thirds. Mr. Newby talked about the advantages of having a US-based project in a strong mining district, the Mesabi Iron Range, which produced most of the iron ore and steel that helped build America. He believes that the sector is near the bottom of the commodity cycle. Mr. Newby also discussed his background and experience along with that of key management, including CEO Jon Cherry who joined the company from Rio Tinto. The company’s main goals are to remain environmentally friendly, create jobs in the US, and garner good returns for their shareholders.
PolyMet Mining Corp (TSX:POM) (NYSE MKT:PLM) is a publicly traded company exclusively focused on developing the NorthMet copper-nickel-precious metals project through its wholly owned subsidiary, PolyMet Mining, Inc. The NorthMet Project is located in the established Mesabi Iron Range mining district in northeastern Minnesota.
The Wall Street Analyzeris a financial research and publishing firm reporting to the investment community on small and micro-cap companies. Our aim is to convert stock ticker symbols into stories, ideas into headlines, and technical data into entertaining content, providing our audience with a unique perspective found in few other financial news publications.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, such statements in this release that describe the company’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
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