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Glencore to buy remaining 18% stake in PolyMet Mining
Tuesday, July 18, 2023 - 21:05:00
Reuters
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PolyMet’s stock more than doubled on July 3 after Glencore offered $2.11 per share in cash for the remaining stake.
The acquisition is subject to shareholder approval at a meeting set for the end of the third quarter or early in the final quarter of the year, PolyMet added.
PolyMet is developing a copper-nickel mine in northeastern Minnesota with Canada’s Teck Resources, another company which is on Glencore’s radar.
http://www.miningnewspro.com/En/News/624144/Glencore to buy remaining 18% stake in PolyMet Mining
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