PolyMet Reports a Year of Significant Progress at Shareholders' Meeting
ST. PAUL, MINNESOTA -- (Marketwired) -- 07/09/14 -- PolyMet Mining
Corp. ("PolyMet" or the "Company") (TSX: POM)(NYSE MKT: PLM) - is
pleased to report 63.82 % of the eligible shares were represented at
its Annual General and Special Meeting of Shareholders (the
"Meeting") held on July 9, 2014 in Vancouver, British Columbia and
all motions put at the meeting were passed.
Chairman Ian Forrest thanked shareholders for their continued
support. Key milestones in the past year include publication of the
supplemental draft Environmental Impact Statement, completion of a
lengthy public review of the draft EIS and a strong rating by the
U.S. Environmental Protection Agency.
Jon Cherry, President and CEO told shareholders the project has made
significant progress during the past year. "The environmental review
process is nearing completion, with permitting set to follow shortly
after the Record of Decision on the final EIS," he said.
The number of directors of the Company was set at eight. Frank Sims
did not stand for re-election and was replaced by Matthew Daley. All
other directors were re-elected. A table of election results is set
"We are grateful for the committed guidance Mr. Sims provided the
board for the last several years," Forrest said. "He has seen us
through some difficult challenges and tremendous progress.
"The addition of Mr. Daley to the board brings strong technical,
construction and operational experience that will be important as we
implement the NorthMet Project," Forrest continued.
Daley, a professional mining engineer, started his career with Mount
Isa Mines in Australia, then held increasingly senior management
positions with Xstrata plc in Australia, Asia and South America
before moving to Canada with Glencore plc.
PricewaterhouseCoopers LLP was re-appointed as auditors of the
Company and the board is authorized to fix the remuneration to be
paid to the auditors.
The following persons were elected as Directors of the Company to
hold office until the next annual general meeting:
Director Votes For % For Votes Against % Against
Jonathan Cherry 105,179,148 98.13 0 0
Matthew Daley 105,204,923 98.16 0 0
Dr. David Dreisinger 106,513,777 99.38 0 0
W. Ian L. Forrest 105,172,656 98.13 0 0
Alan R. Hodnik 102,954,937 96.06 0 0
William Murray 105,209,048 98.16 0 0
Stephen Rowland 105,195,662 98.15 0 0
Michael M. Sill 105,192,159 98.15 0 0
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. The NorthMet project is expected
to require approximately two million hours of construction labor,
creating approximately 360 long-term jobs, a level of activity that
will have a significant multiplier effect in the local economy.
POLYMET MINING CORP.
Jon Cherry, CEO
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 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, 2014 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
April 30, 2014 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.
Tel: +1 (651) 389-4111
Tel: +1 (651) 389-4110
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