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Actionable news in PLM: POLYMET MINING Corp,

Polymet Mining: 100 King Street West, Suite 5700, Toronto, Ontario, Canada, M5X 1C7

The following excerpt is from the company's SEC filing.

Tel: +1 (416) 915-4149

444 Cedar Street, Suite 2060, St. Paul, MN 55101

Tel: +1 (651) 389-4100

www.polymetmining.com

TSX: POM, NYSE MKT: PLM

NEWS RELEASE

2015-08

ECEIVES

MILLION

ECURED

EBENTURE

UNDING FROM

LENCORE

PolyMet Mining Corp. TSX: POM; NYSE MKT: PLM today reported that Glencore AG, a wholly owned subsidiary of Glencore plc, has funded on schedule the $6 million Tranche I secured debenture that is part of a previously-announced $30 million loan facility due on March 31, 2016. PolyMet now has approximately $10.3 million cash.

President and CEO Jon Cherry stated, funding of this tranche of debentures demonstrates Glencores continued support for PolyMet and the NorthMet Project.

"PolyMet continues to expect the NorthMet final Environmental Impact Statement to be published in the federal Register and the Minnesota Environmental Quality Board Monitor in November 2015 with the state Adequacy Decision in early 2016, as previously reported on the Minnesota Department of Natural Resources website," Cherry added.

PolyMet has 100% control of the NorthMet copper-nickel-precious metals ore body and nearby Erie Plant located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

About PolyMet

PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company that owns 100...


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