PolyMet Mining Corp.: Exhibit 99.1 - Filed by newsfilecorp.com
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100 King Street West, Suite 5700, Toronto,
Ontario, Canada, M5X 1C7 |
| Tel: +1 (416) 915-4149 |
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| 444 Cedar Street, Suite 2060, St. Paul, MN
55101 |
| Tel: +1 (651) 389-4100 |
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| www.polymetmining.com |
TSX: POM, NYSE MKT: PLM
Three-week federal government shutdown results in two-week
publication delay
for PolyMet's Supplemental Draft Environmental Impact
Statement
St. Paul, Minnesota, Nov. 6, 2013 – PolyMet Mining Corp.
(“PolyMet” or the “Company”) TSX: POM; NYSE MKT: PLM – The publication of a
Supplemental Draft Environmental Impact Statement will wait two more weeks as a
result of the three-week federal government shutdown, the Minnesota Department
of Natural Resources announced in a news release today (http://news.dnr.state.mn.us/).
As a result, the document will be available for public review
on Dec. 6, 2013 when it will be published in the Federal Register. It will then
be published in the Minnesota Environmental Quality Board Monitor Dec. 9, 2013.
The original publication date was Nov. 22, 2013.
“We’re taking this short delay in stride,” said Jon Cherry,
president and CEO. “We look forward to this long-awaited comprehensive
environmental review being published and made available for public review and
comment.”
He said publication of the SDEIS is the culmination of nearly
four years of work by scientists and engineers to improve the design and
complete the analysis and technical studies for the proposed mine as requested
by the state and federal government agencies co-leading the review. It marks a
major milestone in the project’s development.
For the proposed project, located near Hoyt Lakes in the Mesabi
Iron Range mining district of northeastern Minnesota, PolyMet will refurbish and
re-commission the idled Erie mill and other facilities at the site to process
ore from the new open-pit mine six miles east of the plant. The mine will
produce substantial quantities of copper and nickel as well as platinum group
metals and is expected to create nearly 1,000 direct and indirect jobs and
generate more than $500 million in economic benefit annually.
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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.
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POLYMET MINING CORP. |
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Per: |
"Jon Cherry" |
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Jon Cherry, CEO |
For further information, please contact:
Media
Bruce Richardson
Corporate
Communications
Tel: +1 (651) 389-4111
brichardson@polymetmining.com
Investor Relations
Jenny Knudson
Investor
Relations
Tel: +1 (651) 389-4110
jknudson@polymetmining.com
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 timing and
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 July 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.