0001062993-23-020372.txt : 20231109 0001062993-23-020372.hdr.sgml : 20231109 20231108211337 ACCESSION NUMBER: 0001062993-23-020372 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20231108 FILED AS OF DATE: 20231109 DATE AS OF CHANGE: 20231108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POLYMET MINING CORP CENTRAL INDEX KEY: 0000866028 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32929 FILM NUMBER: 231389750 BUSINESS ADDRESS: STREET 1: 444 CEDAR STREET STREET 2: SUITE 2060 CITY: ST. PAUL STATE: MN ZIP: 55101 BUSINESS PHONE: 416-915-4149 MAIL ADDRESS: STREET 1: 444 CEDAR STREET STREET 2: SUITE 2060 CITY: ST. PAUL STATE: MN ZIP: 55101 FORMER COMPANY: FORMER CONFORMED NAME: FLECK RESOURCES LTD DATE OF NAME CHANGE: 19950606 6-K 1 form6k.htm FORM 6-K PolyMet Mining Corp.: Form 6-K - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2023

Commission File Number: 001-32929

POLYMET MINING CORP.
(Translation of registrant's name into English)

444 Cedar Street, Suite 2060,
St. Paul, MN 55101

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[               ] Form 20-F   [ X ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [               ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [               ]


SUBMITTED HEREWITH

Exhibits

Exhibit   Description
   
99.1   Material Change Report dated November 8, 2023


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  PolyMet Mining Corp.
  (Registrant)
     
Date: November 8, 2023 By: /s/ Mohit Rungta
    Mohit Rungta
  Title: Chief Financial Officer


EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 PolyMet Mining Corp.: Exhibit 99.1 - Filed by newsfilecorp.com

FORM 51-102F3

MATERIAL CHANGE REPORT

1. Name and Address of Company

PolyMet Mining Corp. (the "Company" or "PolyMet") 444 Cedar Street, Suite 2060

St. Paul, MN 55101

2. Date of Material Change

November 7, 2023

3. News Release

On November 7, 2023, the Company issued a news release regarding the material change. The news release was disseminated through the facilities of a recognized newswire service. The news release was subsequently filed on SEDAR+.

4. Summary of Material Change

On November 7, 2023, the Company completed the previously announced statutory plan of arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia) (the "BCBCA") involving the Company and Glencore AG ("Glencore"). Pursuant to the Arrangement, Glencore acquired the approximately 17.82% of the issued and outstanding common shares of PolyMet ("Common Shares") that Glencore did not already own (the "Arrangement").

5.1 Full Description of Material Change

On November 7, 2023, the Company completed the previously announced Arrangement whereby Glencore acquired the approximately 17.82% of the issued and outstanding Common Shares that Glencore did not already own for US$2.11 in cash per Common Share.

The Arrangement was effected by way of a court-approved plan of arrangement under the BCBCA on November 7, 2023. The consummation of the Arrangement was subject to a number of conditions customary to transactions of this nature, including, among others (i) the approval of at least two-thirds of the votes cast by the Company's shareholders at a special meeting of shareholders of the Company; (ii) the approval of a simple majority of the votes cast by disinterested shareholders at such meeting; and (iii) court approval.

The Company has applied to have the Common Shares delisted from the Toronto Stock Exchange and the NYSE American and has applied to cease to be a reporting issuer under Canadian securities laws.

Prior to the completion of the Arrangement, Glencore held 159,806,774 Common Shares, representing approximately 82.18% of the issued and outstanding Common Shares. Pursuant to the Arrangement, Glencore acquired 34,653,477 Common Shares, representing all of the issued and outstanding Common Shares not already owned by Glencore. Accordingly, following the completion of the Arrangement, the Company became a wholly-owned subsidiary of Glencore.


5.2 Disclosure for Restructuring Transactions

Not applicable

6. Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102

Not Applicable

7. Omitted Information

Not Applicable

8. Executive Officer

Mohit Rungta, Chief Financial Officer
PolyMet Mining Corp.

(651) 389-4100

9. Date of Report

November 8, 2023


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