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Recent News
- Editorial: A needed and clear sign for nonferrous
- PolyMet: Oberstar Visits
- Officials tout benefits of mine near Ely
- Pawlenty ‘excited’ about mine proposal
- Deal could bring Iron Range 600 new mining jobs
- New law helped pave way for Michigan nonferrous project
- Copper mine near BWCA gets financing
- Duluth Metals Signs Definitive Participation Agreement With Antofagasta Plc On Nokomis Project
- Nokomis project gets $130 million infusion
- PolyMet Waits For The O.K.
News
News
PolyMet Makes Financing Move
08/27/2009
WDIO-TV
August 27, 2009
PolyMet Mining Corp.announced Thursday that it has filed a universal shelf registration statement with the U.S. Securities and Exchange Commission.
After the universal shelf registration statement is declared effective by the Securities and Exchange Commission, the Company will have the option to offer and sell, from time to time in one or more offerings, up to $500 million of its debt securities, common shares, warrants and units. .
The Company expects to use the net proceeds from offerings under the universal shelf registration statement for construction finance for the Company's copper, nickel, precious metals development project located in northeastern Minnesota as well as general corporate purposes.
