HOYT LAKES, MINNESOTA — (Marketwired) — 04/23/13 — PolyMet Mining Corp. (TSX: POM)(NYSE MKT: PLM) („PolyMet“ or the „Company“) today reported that it has filed its financial results for the year ended January 31, 2013. PolyMet controls 100% of the development-stage NorthMet copper-nickel-precious metals ore-body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.
The financial statements have been filed at and on SEDAR and EDGAR and have been prepared in accordance with International Financial Reporting Standards („IFRS“). All amounts are in U.S. funds.
Financial Highlights
About PolyMet
PolyMet Mining Corp. () is a publicly-traded mine development company that owns 100% of Poly Met Mining, Inc., a Minnesota corporation that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota. Poly Met Mining, Inc. has completed its Definitive Feasibility Study and is seeking environmental and operating permits to enable it to commence production. The NorthMet project is expected to require approximately two million hours of construction labor, creating approximately 360 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy.
This news release contains certain forward-looking statements concerning anticipated developments in PolyMet-s operations in the future. Forward-looking statements are frequently, but not always, identified by words such as „expects,“ „anticipates,“ „believes,“ „intends,“ „estimates,“ „potential,“ „possible,“ „projects,“ „plans,“ and similar expressions, or statements that events, conditions or results „will,“ „may,“ „could,“ or „should“ occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding our beliefs related to the expected proceeds and closing of the Rights Offering, budgets,, work programs, capital expenditures, actions by government authorities, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.
PolyMet-s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management-s beliefs, expectations and opinions should change.
Specific reference is made to PolyMet-s most recent Annual Report on Form 20-F for the fiscal year ended January 31, 2013 and in our other filings with Canadian securities authorities and the Securities and Exchange Commission, including our Report on Form 6-K providing information with respect to our operations for the year ended January 31, 2013 for a discussion of some of the risk factors and other considerations underlying forward-looking statements.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
PolyMet has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission, for the offering to which this communication relates. Before investing, prospective investors should read the prospectus in that registration statement and other documents the issuer has filed with the U.S. Securities and Exchange Commission, for more complete information about PolyMet and this offering. The documents are available free of charge by visiting EDGAR on the U.S. Securities and Exchange Commission website at . Alternatively, PolyMet will arrange to send you the prospectus if you request it by calling 1-416 915-4149.
Contacts: Corporate Douglas Newby Chief Financial Officer +1 (651) 389-4105
Media LaTisha Gietzen VP – Public, Gov-t & Environmental Affairs +1 (218) 225-4417
Investor Relations PolyMet Jenny Knudson VP – Investor Relations +1 (651) 389-4110
MZ North America Pascal Nigen Senior Vice-President +1 (212) 301-7149
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