Polymet Mining Corp.: Form FWP - Filed by newsfilecorp.com

ISSUER FREE WRITING PROSPECTUS
Filed pursuant to Rule 433
Registration Statement No. 333-187853
Dated June 11, 2013

100 King Street West, Suite 5700, Toronto, Ontario, Canada, M5X 1C7
Tel: +1 (416) 915-4149
444 Cedar Street, Suite 2060, St. Paul, MN 55101
Tel: +1 (651) 389-4100
www.polymetmining.com

   
ADVANCING TO PRODUCTION  

TSX: POM & POM.RT
NYSE MKT: PLM & PLM.RT

NEWS RELEASE

2013-08

POLYMET REPORTS FIRST QUARTER FISCAL 2014 RESULTS
RIGHTS OFFERING MATERIALS DISTRIBUTED

St. Paul, Minnesota, June 11, 2013 - PolyMet Mining Corp. (TSX: POM & POM.RT; NYSE MKT: PLM & PLM.RT) (“PolyMet” or the “Company”) has filed its financial results for the three months ended April 30, 2013. It has also commenced its previously announced rights offering (the “Rights Offering”) and the Rights Offering materials, including a prospectus, and the certificate(s) representing the rights (“Rights”) have now been mailed to shareholders, subject to applicable law.

The financial statements have been filed at www.polymetmining.com and on SEDAR and EDGAR and have been prepared in accordance with International Financial Reporting Standards ("IFRS"). All amounts are in U.S. funds.

FINANCIAL HIGHLIGHTS


RIGHTS OFFERING

If you are a registered shareholder in an eligible jurisdiction (US, Alberta, British Columbia, or Ontario), you should receive the Rights certificates and Rights Offering materials directly.

If your shares are held indirectly through a securities broker or dealer, bank, or trust company, such intermediary should receive the information and pass it on to you. Please contact your broker or other intermediary immediately to ensure that the Rights are in your account and you receive other documentation.

If you are a registered shareholder in any jurisdiction other than the US, Alberta, British Columbia, or Ontario (but only if you are a registered shareholder) you may complete a "Request for Approved Eligible Holder Status" and return to Computershare Investor Services Inc., the "Subscription Agent". For further information, please contact Stephanie Hunter at shunter@polymetmining.com or +1 (416) 915-4149.

For every two Rights you hold, you can purchase one new common share of PolyMet for US$0.66 at any time until 5:00 p.m. Eastern time on July 3, 2013. If you do not wish to exercise your Rights, you can also sell or assign your Rights through the TSX or NYSE MKT. If you allow your Rights to expire without subscribing for new shares, your ownership in PolyMet will be diluted and those shares will be acquired by other shareholders under the Additional Subscription Privilege and the Standby Agreement as described in the final prospectus dated May 23, 2013.

Copies of the Rights Offering materials may be obtained from the Company by calling +1 (651) 389-4100 or Computershare Investor Services Inc., the subscription agent for the Company, at +1 (800) 564-6253. You may also contact PolyMet or the subscription agent if you have any questions regarding the Rights Offering or require assistance in exercising your Rights.

For further information on the Rights Offering, please refer to: http://www.polymetmining.com/investors/investor-faq/


Key Statistics

(in ‘000 US dollars, except per share amounts)

             
Balance Sheet   April 30, 2013     January 31, 2013  
             
Cash & equivalents $  19,109   $  8,088  
Working capital   <2,999>     2,629  
Total assets   253,515     236,127  
Long term liabilities   111.742     93.215  
Shareholders’ equity   141,773     142,912  

    Three months ended April 30,  

Income Statement

  2013     2012  

General & administrative expense excluding non-cash share based compensation

$ 1,123   $  667  

Non-cash share based compensation

$ 184 $ 616

Other income (loss)

$ 353   $  (33 )

   Income (loss) before tax

$ 1,660   $  1,250  

   Income (loss) per share

$ (0.01 ) $  (0.01 )

Investing Activities

           

    NorthMet Property

$ 4,912   $  6,188  

Weighted average shares outstanding

  183,252,339     176,390,990  

* * * * *


About PolyMet

PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company that owns 100% of Poly Met Mining, Inc., a Minnesota corporation that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota. Poly Met Mining, Inc. has completed its Definitive Feasibility Study and is seeking environmental and operating permits to enable it to commence production. The NorthMet project is expected to require approximately two million hours of construction labor, creating approximately 360 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy.

POLYMET MINING CORP.

Per: “Jon Cherry"                     
Jon Cherry, CEO

For further information, please contact:  
   
Corporate Media
Douglas Newby LaTisha Gietzen
Chief Financial Officer VP – Public, Gov't & Environmental Affairs
Tel: +1 (651) 389-4105 Tel: +1 (218) 471-2150
dnewby@polymetmining.com lgietzen@polymetmining.com
   
Investor Relations  
PolyMet MZ North America
Jenny Knudson Pascal Nigen
VP – Investor Relations Senior Vice-President
Tel: +1 (651) 389-4110 Tel: +1 (212) 301-7149
jknudson@polymetmining.com pnigen@mzgroup.us
  www.mzgroup.us

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet’s operations in the future. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” “projects,” “plans,” and similar expressions, or statements that events, conditions or results “will,” “may,” “could,” or “should” occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding our beliefs related to the closing of the Rights Offering, the ability to receive environmental and operating permits, job creation, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.

PolyMet’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations and opinions should change.

Specific reference is made to PolyMet’s most recent Annual Report on Form 20-F for the fiscal year ended January 31, 2013 and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission, including our Report on Form 6-K providing information with respect to our operations for the three months ended April 30, 2013 for a discussion of some of the risk factors and other considerations underlying forward-looking statements.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

PolyMet has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission, for the offering to which this communication relates. Before investing, prospective investors should read the prospectus in that registration statement and other documents the issuer has filed with the U.S. Securities and Exchange Commission, for more complete information about PolyMet and this offering. The documents are available free of charge by visiting EDGAR on the U.S. Securities and Exchange Commission website at www.sec.gov. Alternatively, PolyMet will arrange to send you the prospectus if you request it by calling 1-416 915-4149.