Bullboard - Stock Discussion Forum Polymet Mining Corp T.POM

PolyMet Mining Corp. is a mine development company. The Company is engaged in mining copper, nickel and precious metals from the NorthMet ore body. The Company owns the NorthMet Project and Mesaba Project, which is a copper, nickel, cobalt and platinum group metal (PGM) deposits. The NorthMet deposit is located in the Partridge River Intrusion of the Duluth Complex, a geological formation near... see more

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Polymet Mining Corp > PolyMet Receives Non-Binding Proposal to Go Private

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Post by Betteryear2 on Jul 03, 2023 8:13am

PolyMet Receives Non-Binding Proposal to Go Private

St. Paul, Minnesota--(Newsfile Corp. - July 3, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") announced today that its independent Special Committee (the "Special Committee") of PolyMet's Board of Directors received a non-binding proposal from Glencore AG ("Glencore") to acquire all outstanding shares of PolyMet that it does not already own for cash consideration of US$2.11 per share, subject to certain conditions, including the entering into of a definitive agreement. The purchase price per share proposed by Glencore represents an approximately 167% premium over the price of US$0.79 per share at the close of business Friday, June 30, 2023. A copy of the non-binding proposal is attached hereto as Exhibit A.

PolyMet Receives Non-Binding Proposal to Go Private (newsfilecorp.com)

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