PolyMet Mining Corp. shares traded nearly 8% higher after the company reported it entered into a joint-venture deal with Teck Resources Ltd. to develop copper, nickel, cobalt and platinum group metals resources at the NorthMet and Mesaba properties in Minnesota.
With battery metals in short supply and prices for some platinum group metals approaching record highs, one junior is developing a unique project in Montana that would bring these metals and others to market. It would also provide America with many of the critical minerals necessary in an unstable world.
Go to any mining conference and you’re likely to hear this adage: the best place to find a new mine is near an old mine. It’s true. It’s even more likely when metals prices are healthy and trending higher. One junior is seeking to outline resources in two former mining camps. The odds — and metals prices — just might be on its side.