19 Nov 2019drilling progress report▲ GoodMajor
PolyMet reported results of its 2018-19 drilling at NorthMet: Proven and Probable Reserves rose 14% to 290 million tons, and Measured and Indicated Resources rose 22% to 795 million tons (from 649 million in the earlier resource figure). The 2019 reserve adds 177 million pounds of copper, 53 million pounds of nickel and 322,000 ounces of precious metals. The CEO said the company remains in ongoing discussions with potential lenders about financing, continuing the open project financing thread; no financing agreement is announced.