Glencore Acquires Remaining Stake in PolyMet Mining Corp.

November 7, 2023

Glencore AG (a subsidiary of Glencore plc) completed a plan of arrangement to acquire all remaining common shares of PolyMet Mining Corp., becoming the sole beneficial owner of 100% of PolyMet. The cash consideration was US$2.11 per common share; PolyMet's head office is in St. Paul, Minnesota and the deal consolidates Glencore's ownership of the NorthMet copper‑nickel project.

Buyers
Glencore AG (Glencore plc)
Targets
PolyMet Mining Corp.
Industry
Energy
Location
Minnesota, United States
Transaction Type
Buyout

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