|Bid||0.3300 x 0|
|Ask||0.3500 x 0|
|Day's Range||0.3400 - 0.3650|
|52 Week Range||0.3000 - 1.2200|
|Beta (5Y Monthly)||-0.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.34|
PolyMet will appeal decision by Minnesota Court of Appeals to remand Permit to Mine and dam safety permit to DNR for contested case hearing.
Mining veteran Richard Lock joins PolyMet as project director; Dennis Bartlett retires from board of directors.
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. TSX: POM; NYSE American: PLM, today announced updated Mineral Resources and Reserves for the NorthMet deposit based on results of its 2018-19 drilling program.
PolyMet Mining Corp TSX: POM; NYSE American: PLM – today reported it has filed its financial results for the three and nine months ended September 30, 2019.
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE American: PLM, reports the Minnesota State Supreme Court today declined to hear a petition for review by environmental groups to a lower court decision regarding the state’s nonferrous mining rules. Environmental groups had petitioned the high court for review of a unanimous August 5, 2019 state Court of Appeals decision that upheld nonferrous mining rules administered by the Minnesota Department of Natural Resources. The Court of Appeals ruling covered an appeal filed in late 2018 seeking a declaration that the MDNR’s nonferrous mining rules are invalid.
NYSE American: PLM, reports the U.S. District Court in Minneapolis has dismissed all lawsuits challenging the NorthMet land exchange between the U.S. Forest Service and PolyMet. The court ruled late yesterday that the eight plaintiffs in four lawsuits filed against the U.S. Department of Agriculture’s Forest Service in early 2017 lacked standing to challenge the transaction. The court explained that because the plaintiffs did not use the land exchange property, they were not injured by PolyMet’s ownership.
The Swiss-based commodity trader took majority control last June of PolyMet Mining Corp , which is developing a mine in the Midwest state near the Canadian border estimated to hold a century's worth of copper and nickel, critical to the development of electric vehicles. It is the first time that Glencore has controlled a major mining project in the United States, where President Donald Trump has cut mining regulations and red tape in a bid to encourage domestic mining, a marked change from predecessor Barack Obama, who favoured stricter oversight of the sector and slowed or halted several large mining projects. Glencore for years has operated in regions considered high-risk, high-reward, making its shares a draw for some investors who saw the more conservative investing policies of peers, including BHP Group PLC , as too tame.
Statistically speaking, long term investing is a profitable endeavour. But that doesn't mean long term investors can...
NYSE American: PLM – today announced preliminary results of its US$265 million rights offering following the expiration of the subscription period, which expired on June 26, 2019 at 5:00 p.m. Eastern time. Based on the preliminary results, Glencore AG (“Glencore”) will own approximately 71.66 percent of the company’s common shares on a non-diluted basis following closing of the fully backstopped rights offering, which percentage includes Glencore’s exercise of its basic subscription rights, additional subscription rights and common shares purchased pursuant to the standby commitment.
NYSE American: PLM) has commenced its previously announced offering of rights (“Rights”) to purchase common shares of the company to raise approximately US$265 million in gross proceeds (the “Rights Offering”). The Rights trade on the Toronto Stock Exchange (“TSX”) under the symbol “POM.RT” and will cease trading on the TSX at noon (Eastern time) on June 26, 2019. The Rights also trade on the NYSE American under the symbol “PLM.RT” and the last day of trading on the NYSE American will be June 21, 2019.
NYSE American: PLM, announces that the Minnesota State Court of Appeals today upheld the scope of the environmental review prepared for the NorthMet Project prepared by the Minnesota Department of Natural Resources, rejecting a challenge from several environmental groups who wanted the DNR to prepare a supplemental review. In its unanimous decision, the three-judge panel affirmed the DNR’s decision not to prepare a supplemental EIS based on claims by the Minnesota Center for Environmental Advocacy, Friends of the Boundary Waters Wilderness and Water Legacy, that PolyMet had changed its project.
NYSE American: PLM) has filed a short form final prospectus with securities regulatory authorities in each of the Canadian provinces, and an amendment to its registration statement on Form F-10 with the U.S. Securities and Exchange Commission (“SEC”) in respect of an offering of rights (“Rights”) to purchase common shares of the company to raise approximately US$265 million in gross proceeds (the “Rights Offering”). Pursuant to the Rights Offering, all eligible registered shareholders of PolyMet (subject to applicable law) will receive one Right for every common share of PolyMet owned on the record date of June 3, 2019 (the “Record Date”).
U.S. lawmakers on Tuesday moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to parry China's dominance in metals production and battery manufacturing. The Senate's Energy and Natural Resources Committee held a hearing on the American Mineral Security Act, which would help streamline regulation and permitting requirements for the development of mines for lithium, graphite and other EV minerals. The pending legislation would require a tally of metal reserves in the United States and seek to streamline permitting for the EV sector, an area where China already leads by a wide margin.
PolyMet Mining Corp TSX: POM; NYSE American: PLM – today reported that it has filed its financial results for the three months ended March 31, 2019. PolyMet is fully permitted to construct and operate the NorthMet copper-nickel-precious metals mine and processing plant located near Hoyt Lakes, Minnesota.
NYSE American: PLM) has filed a short form preliminary prospectus with securities regulatory authorities in each of the Canadian provinces, and a registration statement on Form F-10 with the U.S. Securities and Exchange Commission (“SEC”) in respect of an offering of rights (“Rights”) to purchase common shares of the company to raise approximately US$265 million in gross proceeds (the “Rights Offering”). Pursuant to the Rights Offering, all eligible registered shareholders of PolyMet (subject to applicable law) will receive one Right for every common share of PolyMet owned on the record date (the “Record Date”), which will be a date no less than 10 calendar days following receipt of the approval of the Toronto Stock Exchange (“TSX”) and NYSE American for the Rights Offering.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look...