POLYMET MINING CORP.
TSX : POM
NYSE Amex : PLM

POLYMET MINING CORP.

October 28, 2009 10:56 ET

PolyMet Environmental Impact Statement Published

HOYT LAKES, MINNESOTA--(Marketwire - Oct. 28, 2009) - PolyMet Mining Corp. (TSX:POM)(NYSE Amex:PLM) ("PolyMet" or the "Company") announced today that the Minnesota Department of Natural Resources (MDNR) and the United States Army Corps of Engineers (USACE) have completed the PolyMet draft Environmental Impact Statement (EIS).

The draft EIS is available via a link from PolyMet's website (www.polymetmining.com) and on the DNR's site at: www.dnr.state.mn.us/input/environmentalreview/polymet/index.html.

Notice of publication in the Environmental Quality Board Monitor on November 2 and the Federal Register on November 6 will signal the start of the public comment period.

About PolyMet

PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company 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. PolyMet Mining Corp. 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 one million man hours of construction labor and create at least 400 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy.

POLYMET MINING CORP.

Joe Scipioni, President

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," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved. These forward-looking statements may include statements regarding exploration results and budgets, reserve estimates, mineral resource estimates, work programs, capital expenditures, timelines including timelines for third-party studies and issuance of permits to operate by various government agencies, strategic plans, the market price of metals, costs, 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 currently anticipated in such statements due to a variety of risks, uncertainties and other factors. 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 Form 20-F/Annual Information Form on file with the SEC and Canadian securities authorities 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.

Contact Information

  • PolyMet Mining Corp. - Corporate
    Douglas Newby
    Chief Financial Officer
    +1 (646) 879-5970
    dnewby@polymetmining.com
    or
    PolyMet Mining Corp. - Media
    LaTisha Gietzen
    VP Public, Governmental and Environmental Affairs
    +1 (218) 225-4417
    lgietzen@polymetmining.com
    www.polymetmining.com
    or
    KCSA Strategic Communications - Investors
    Crystal Agresti
    +1 (212) 896-1273