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Last C$1.42 CAD
Change Today +0.02 / 1.43%
Volume 15.2K
POM On Other Exchanges
As of 3:34 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

polymet mining corp (POM) Snapshot

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52 Week High
03/16/15 - C$1.75
52 Week Low
06/11/14 - C$1.05
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polymet mining corp (POM) Details

PolyMet Mining Corp., a development stage company, engages in the exploration and development of natural resource properties. It primarily holds interest in the NorthMet Project that includes NorthMet copper-nickel-precious metals ore body covering a total area of approximately 16,700 acres comprising approximately 4,300 acres of leased mineral rights and the Erie Plant processing facility totaling approximately 12,400 acres of freehold land located in the Mesabi Iron Range mining district in northeastern Minnesota. The company was formerly known as Fleck Resources Ltd. and changed its name to PolyMet Mining Corp. in June 1998. PolyMet Mining Corp. was incorporated in 1981 and is based in Toronto, Canada.

24 Employees
Last Reported Date: 04/21/15
Founded in 1981

polymet mining corp (POM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $509.5K
Chief Financial Officer
Total Annual Compensation: $317.7K
Executive Vice President of Environmental and...
Total Annual Compensation: $241.5K
Chief Geologist
Total Annual Compensation: $184.6K
Vice President of Corporate Communications an...
Total Annual Compensation: $184.0K
Compensation as of Fiscal Year 2015.

polymet mining corp (POM) Key Developments

Polymet Mining Corp. Announces Earnings Results for the Year Ended January 31, 2015

Polymet Mining Corp. announced earnings results for the year ended January 31, 2015. For the year, the company reported loss before tax of $7,276,000 against $8,132,000 a year ago. Loss per share was $0.03 against $0.04 a year ago.

Polymet Mining Corp. Presents at 27th Annual ROTH Conference, Mar-09-2015 02:30 PM

Polymet Mining Corp. Presents at 27th Annual ROTH Conference, Mar-09-2015 02:30 PM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States.

Polymet Mining Corp. Enters into Amendment No. 16 Relating to the Purchase Agreement of tranche F debenture

On January 28, 2015, Polymet Mining Corp. entered into Amendment No. 16 Relating to the purchase agreement (Amendment No. 16) pursuant to which, among other things, the company agreed to issue to the purchaser a tranche F debenture (the tranche F debenture), a tranche G debenture, (the Tranche G Debenture), a tranche H debenture (the Tranche H Debenture) and a tranche I debenture (the Tranche I Debenture, and collectively with the Tranche F Debenture, the Tranche G Debenture and the Tranche H Debenture, the 2015 Debentures) in the aggregate principal amount of $30,000,000. Each of the 2015 Debentures are due on the earlier of the availability of at least $100,000,0000 of the Senior Construction Finance (as defined Amendment No. 16), or (ii) March 31, 2016 (the 2015 Debentures Maturity Date). The tranche f debenture in the principal amount of $8,000,000 was issued to the Purchaser on January 30, 2015. The tranche F debenture accrues interest at 8.6179% per annum until March 31, 2015. Thereafter, interest will accrue at a floating rate of LIBOR plus 8.0% per annum, such rate to be determined on March 31, June 30, September 30, and December 31 of each year. The Company shall pay all accrued and unpaid interest in cash on the earlier of (i) the Maturity Date, or (i) the Early Repayment Date (as defined in the Tranche F Debenture). The Tranche F Debenture contains certain events of default that are customarily included in financings of this nature. If an event of default occurs, the Purchaser may declare the entire then outstanding principal amount of the Tranche F Debenture, including any accrued and unpaid interest, to be due and payable immediately.


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