Poly Met Mining, Inc. is the wholly owned subsidiary of PolyMet Mining Corp., a publicly-traded mine development company (together, “PolyMet”). PolyMet stock trades on both the Toronto and NYSE American exchanges (TSX: POM; NYSE American: PLM). Nearly half of our 24,000 shareholders live in Minnesota and collectively own about one quarter of our issued shares. Glencore, one of the world’s leading mining companies, owns roughly one-third of our issued shares. This Investor Overview provides a quick look at POM and PLM stock performances, up-to-date financial reports, media coverage and more.
Capital and Debt Structure
|Shares outstanding (TSX: POM, NYSE American: PLM)||321.1 m|
|Market Capitalization||US$260 m|
|Fully Diluted Shares (Glencore 36.1%)||418.5 m|
|Convertible Debt (w/ Glencore)||US$56 m|
|Non-Convertible Debt (w/ Glencore)||US$179 m|
|Stock Price (March-31-2019)||US$0.68|
|Stock Price (52-week range to March-31-2019)||US$0.65 – US$1.13|
-Financial information as at December 31, 2018 except for stock prices information.
-PolyMet plans to fully repay the convertible and non-convertible debt through the rights offering as announced on March 22, 2019.
95 Wellington Street West Suite 2101
PO Box 55
Toronto, ON M5J 2N7
Lake Street Capital Markets
Chris W. Krueger, CFA
225 South Sixth Street, Suite 2050
Minneapolis, MN 55402
The contents of analysts’ reports are the sole responsibility of the respective authors and has been made available here as part of PolyMet’s effort to provide full disclosure to the public. The opinions, estimates, or forecasts regarding PolyMet’s performance or its properties made by these analysts are theirs alone and they do not represent opinions, forecasts or predictions of PolyMet or its management. PolyMet does not endorse the views and conclusions of these firms or the reports issued by their analysts. Should you wish to obtain a copy of these reports please contact the analyst directly.