PolyMet joins forces with Canadian company

HOYT LAKES — A pair of operations with nearly half of the known copper-nickel holdings on the Iron Range joined forces Wednesday, when Minnesota-based PolyMet and Canadian-owned Teck Resources announced a joint venture, NewRange Copper Nickel.

The agreement will place each companies' copper, nickel, cobalt and platinum resources under single management, with plans to further develop PolyMet’s proposed first copper-nickel mine on the Iron Range, referred to as the NorthMet mine.

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