DULUTH, MN — PolyMet CEO Jon Cherry is sounding off after the U.S. Army Corps of Engineers issued the final permit needed for the company to build a copper-nickel mine near Hoyt Lakes, Minnesota early Friday morning.
During a phone interview, Cherry says the company is “looking forward to fulfilling compliance responsibilities and moving into the project finance so we can build the project.”
In addition, he says it’s an opportunity for existing shareholders to further participate in the project and continued ongoing support from Glencore, who has been a partner on the project for many years.
Although PolyMet has to go through construction financing process before shovels are in the ground, Cherry has previously said it would happen in 2019.
He says some work has already been done on the project side, such as asbestos abatement, geotechnical investigations, well installation monitoring and other site prep work.
We’ve included the full interview for your listening.