Minnesota Commitment | Global Opportunity
NewRange Copper Nickel - Transaction Summary
Poly Met Mining Corp & Teck Resources Limited to form 50:50 Joint Venture
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Named NewRange Copper Nickel LLC
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NEWRANGE
COPPER NICKEL
To develop the North Met project and study development of the Mesaba asset
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NewRange Copper Nickel will responsibly deliver North American-sourced clean
Management team comprised of PolyMet and Teck representatives
energy metals
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PolyMet and Teck will fund their pro-rata share of the newly formed JV
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Glencore maintains 71% interest in and will provide financial support to Poly Met
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Total assets form one of the largest clean-energy mineral resources in the US and globally
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Definitive agreement announced July 20, 2022 (closing anticipated Q1 2023)
POLYMET
MININGView entire presentation