You must have been at the wrong gym then, because there was a thousand people there and the Polymet supporters outnumbered the granola's by 50-1. And the Range DFL politicians are in 100% support of Polymet. So there's the proof in the pudding for all you nay-sayers. This thing is getting permitted and construction will start this year.
You obvioulsy have never seen the area they plan on mining, it already is a brown area. You silly people think its all rivers and beautiful trees everywhere. As far as jobs from the nugget, not only are most of the employees from the local area, but so are the contractors working there, I know because I have been there working myself. So stop spreading your lies. Polymet will get their permits and everyone will make some money and that's the bottom line!!
There's asbestos at every existing mining and industrial facility in Northern Minnesota and the surrounding states. Nothing new
how many shares does citigroup have? If they HYII issued 2 billion shares it still only raised $600k if they were all bought at .0003.
If we close above .0024 I would be willing to bet we slowly rise to the highs in February. It would be great to get an update on mct-125. If they post positive results on mct-125 along with their other trials still progressing reaching .01 by the end of summer is likely.
May 13, 2013
PolyMet Reports Completion of Drafting of Preliminary EIS
ST. PAUL, MINNESOTA--(Marketwired - May 13, 2013) - PolyMet Mining Corp. (TSX:POM)(NYSE MKT:PLM) ("PolyMet" or the "Company") has been notified by the Minnesota Department of Natural Resources ("MDNR") that ERM, the independent EIS Contractor, has completed drafting the preliminary supplemental draft Environmental Impact Statement ("EIS") analyzing PolyMet's 100%-owned copper-nickel-precious metals NorthMet project located in the established mining district of the Mesabi Iron Range in northeastern Minnesota.
The NorthMet preliminary supplemental draft EIS will be reviewed by the Co-Lead Agencies (MDNR, the US Army Corps of Engineers, and the US Forest Service) and the Cooperating Agencies (the U.S. Environmental Protection Agency and the Bois Forte, Fond du Lac, and Grand Portage Tribal Governments) prior to publication of the supplemental draft EIS for public review later this summer.
"This is a very important step toward completion of the environmental review and issuance of the permits we need to build and operate the NorthMet Project," stated Jon Cherry, President and CEO of PolyMet. "The Agencies and their EIS Contractor have been engaged in very detailed review of the project design, which includes several project modifications in response to public and regulatory comments. The project modifications and improvements, such as the addition of a Reverse Osmosis water treatment plant, demonstrate our commitment to construct and operate NorthMet in a way that protects the environment."
May 02, 2013
Formation Metals' Defers Underground Development Decision for Idaho Cobalt Project
Vancouver, B.C., May 02, 2013, Formation Metals Inc. (FCO-TSX) (the "Company") announced today that it will not be proceeding, at this time, with the underground development on its 100% owned Idaho Cobalt Project (the "ICP") or any related construction as was anticipated in the Company's news release dated December 12, 2012.
"Although cobalt prices have recently exhibited signs of recovery, the weak prices seen over the last year, coupled with enhanced adversity to risk by potential financiers in these turbulent markets has made financing costs unattractive for the further development of the ICP at this time." stated Mari-Ann Green, CEO of Formation Metals Inc. She continued, "We have been working hard to reduce capital costs and increase recoveries at the ICP and we will be ready when the markets recover. This way we can preserve Formation's cobalt, copper and gold resources until economic circumstances merit their extraction. In the meantime we will pursue those projects that have the best likelihoods of realizing cash flow in the shortest time possible under current market conditions. The ICP is a valuable asset and we intend to preserve it for future development once conditions improve."
In addition, to ensure the financial health of the Company's existing treasury, we have been eliminating and are continuing to eliminate all non-essential capital and operating spending and are targeting significant savings over the next year. We have implemented cost savings measures and have been reducing general and administrative costs at our office locations through salary reductions and the re-deployment and elimination of positions. We sincerely appreciate the commitment and many contributions made by all our employees as well as the team that has been diligently developing the ICP. In particular, we acknowledge the forthrightness and cooperation of JDS Energy and Mining Inc., who managed the engineering, procurement and construction of the ICP.
Management intends to focus its efforts on the advancement of the business at the Sunshine Precious Metals Refinery to increase cash flow, and on a strategic review of its precious metals properties. The Refinery business consists of the established precious metals refining of high content silver materials, such as doré, the copper SX-EW refinery and the retrofit and start-up of the hydrometallurgical plant to process concentrates. Silver bullion produced at the refinery is accepted as "Good Delivery" on the COMEX. These businesses operate separately from the Company's ICP.
Formation Metals Inc. is a well-established, mineral exploration, development and refining company that is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.
FORMATION METALS INC.