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Polymet Mining - PLM STOCK NEWS

Welcome to our dedicated page for Polymet Mining news (Ticker: PLM), a resource for investors and traders seeking the latest updates and insights on Polymet Mining stock.

PolyMet Mining Corp. (PLM) provides essential updates on its NorthMet copper-nickel project and corporate developments through this comprehensive news hub. Investors and stakeholders will find authoritative coverage of permitting progress, operational milestones, and strategic partnerships.

This resource consolidates official announcements including environmental review updates, financial transactions, and joint venture developments with NewRange Copper Nickel LLC. All content undergoes rigorous verification to ensure accuracy and relevance for decision-makers.

Key focus areas include sustainable mining practices, regulatory compliance efforts, and capital allocation strategies. Users can track progress on the Erie Plant refurbishment, stakeholder collaborations, and long-term resource management plans.

Bookmark this page for direct access to PolyMet's verified announcements. Monitor critical updates through our organized news feed, designed to support informed analysis of the company's position in the base metals sector.

News

Glencore Completes Acquisition of PolyMet

Rhea-AI Summary
PolyMet Mining Corp. completes the acquisition of minority shares by Glencore AG, with each minority share acquired for US$2.11 in cash. PolyMet has applied to delist from the Toronto Stock Exchange and NYSE American and cease to be a reporting issuer under Canadian securities laws.
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PolyMet Receives Final Order for Arrangement with Glencore

Rhea-AI Summary
PolyMet Mining Corp. announces that the Supreme Court of British Columbia has granted the final order for the statutory plan of arrangement with Glencore AG. Glencore will acquire the remaining 17.82% of PolyMet's common shares for US$2.11 per share. The arrangement was approved by the shareholders and is expected to be completed soon.
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PolyMet Shareholders Approve Plan of Arrangement with Glencore

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PolyMet Mining Corp. announces approval of the plan of arrangement with Glencore AG. Shareholders voted in favor of the acquisition by Glencore of all outstanding common shares of PolyMet. The arrangement will be completed on November 7, 2023, subject to court approval and other closing conditions.
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PolyMet Shareholders to Vote on Arrangement with Glencore

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PolyMet Mining Corp. is urging shareholders to vote in favor of the plan of arrangement with Glencore AG. The arrangement involves Glencore acquiring the minority shares of PolyMet for $2.11 per share. Shareholders are encouraged to vote before the proxy deadline on October 30, 2023.
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PolyMet files Management Information Circular to consider the US$2.11 per share Glencore proposal

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PolyMet Mining Corp. announces unanimous support from the Board of Directors for Glencore AG's acquisition of the remaining 17.8% of issued shares at a 167% premium to the unaffected share price. The Consideration is $2.11 in cash per share. The Board recommends that Minority Shareholders vote in favor of the resolution at the Special Meeting of Shareholders. The Arrangement provides certainty of value and removes risk. The completion of the Arrangement is anticipated to take place shortly after the Special Meeting.
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PolyMet Receives Interim Order for Proposed Arrangement with Glencore and Provides Details of Shareholders' Meeting

Rhea-AI Summary
PolyMet Mining Corp. announced that the Supreme Court of British Columbia has granted an interim order in connection with Glencore AG's plan to acquire the minority shares of the company. The purchase price of US$2.11 per share reflects a 167% premium to PolyMet's closing price on June 30, 2023. The Board of Directors unanimously determined that the arrangement is in the best interests of the company. The Special Meeting of shareholders will be held on November 1, 2023. The completion of the arrangement is subject to shareholder approval and final court approval.
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PolyMet Mining reports results for period ended June 30, 2023

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PolyMet Enters into Definitive Agreement for Glencore to Acquire Full Ownership

Rhea-AI Summary
PolyMet Mining Corp. has entered into a definitive agreement with Glencore AG for Glencore to acquire the approximately 17.8% of the issued and outstanding common shares of PolyMet that Glencore does not currently own. The transaction offers a significant premium of 167% to the unaffected share price on June 30, 2023. It provides immediate liquidity and certainty of value for shareholders. The transaction is expected to close shortly after the shareholder meeting, which is expected to occur in the late third quarter or early fourth quarter of 2023.
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PolyMet Receives Non-Binding Proposal to Go Private

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PolyMet Mining Corp. receives a non-binding proposal from Glencore AG to acquire all outstanding shares of PolyMet at a premium price of US$2.11 per share.
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PolyMet Releases Voting Results of Annual Shareholder Meeting

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PolyMet Mining Corp. re-elected Jon Cherry as chairman and re-appointed Al Hodnik as lead independent director. At the Annual General Meeting of Shareholders, 90.75% of eligible shares were represented and all motions put forward by the company were passed. Key achievements include a successful completion of a joint venture with Teck Resources and a rights offering of common shares raising $195 million.
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Polymet Mining

NYSE:PLM

PLM Rankings

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PLM Stock Data

408.37M
33.80M
82.46%
2.72%
0.05%
Other Industrial Metals & Mining
Basic Materials
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United States
Saint Paul