2023-07-03 07:22:36 ET
PolyMet Mining ( NYSE: PLM ) +117.7% pre-market Monday after Glencore ( OTCPK:GLCNF ) ( OTCPK:GLNCY ) submitted a non-binding proposal to acquire all shares in the company it does not already own for $2.11/share.
Glencore ( OTCPK:GLCNF ) ( OTCPK:GLNCY ) currently holds ~82.2% of PolyMet's ( PLM ) issued and outstanding common shares, including warrants.
More on PolyMet:
- Financial and valuation comparison to sector peers
- Analysis: PolyMet Mining: Things To Consider Before Jumping On The Bandwagon
- Stock price return: Down 69% YTD, down 71% in the past 12 months
For further details see:
Glencore offers to buy rest of PolyMet Mining for $2.11/share