PolyMet Mining, Inc.
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PolyMet Mining, Inc. - overview
Established
1981
Location
St. Paul, MN, US
Primary Industry
Mining
About
Based in Minnesota, US, and founded in 1981, PolyMet Mining, Inc. , also known as PolyMet Mining Corp. , operates as a copper ore company. In June 2023, Glencore agreed to acquire a 17.
8% minority stake in PolyMet Mining for USD 71 million, or USD 2. 11 per share. The transaction is subject to customary closing conditions and is expected to close in Q4 2023. The company trades on the New York Stock Exchange (NYSE American: PLM) and the Toronto Stock Exchange (TSX: POM).
As of 2023, the company’s President and CEO is Jon Cherry. PolyMet Mining owns and operates mining companies like NewRange Copper Nickel LLC, a mining company that engages in the development of clean-energy metals like copper, nickel, and platinum-palladium resources, which is in the Duluth Complex in northeast Minnesota; and Poly Met Mining, Inc. , a Canadian mine development company focused exclusively on the development of NorthMet copper-nickel-precious metals. The company plans to develop a copper-nickel mine in north-eastern Minnesota with Canada's Teck Resources.
Current Investors
Glencore
Primary Industry
Mining
Sub Industries
Mining
Website
www.polymetmining.com
Total Amount Raised
Subscriber access only
PolyMet Mining, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | PolyMet Mining, Inc. | - |
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PolyMet Mining, Inc. - employee data
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