Key information

🔎 Fund Overview

PolyMet Mining Corp. is a mine development company, which is engaged in mining copper, nickel and precious metals from the NorthMet ore body, using modern, responsible and sustainable practices. The Company owns 100% of the NorthMet Project. The NorthMet deposit is located in the Partridge River Intrusion of the Duluth Complex, a geological formation near the eastern end of the Mesabi Iron Range, which is an undeveloped accumulation of copper, nickel and platinum group metals. NorthMet is a disseminated sulfide deposit in heterogeneous troctolitic rocks associated with an approximately 1.1-billion-year-old Mid-continent Rift, and is rich with copper, nickel, cobalt, platinum, palladium, gold and silver. The majority of the metals are concentrated in, or associated with, four metallic minerals: chalcopyrite, cubanite, pentlandite and pyrrhotite. The NorthMet deposit is mined by open-pit methods to a depth of approximately 700 feet below the surface.