St. Paul, Minn., January 26, 2022 – The federal government’s reversal of its position on the mineral leases that Twin Metals Minnesota and its predecessor companies have held for more than 50 years is disappointing, but not surprising given the series of actions the administration has taken to try and shut the door on copper-nickel mining in northeast Minnesota. We will challenge this attempt to stop our project and defend our valid existing mineral rights. We expect to prevail.

This is not about law; this is a political action intended to stop the Twin Metals project without conducting the environmental review prescribed in law. We have proposed a world-class underground copper, nickel, cobalt and platinum group metals mine that deserves to be evaluated through the established environmental review process. Our proposal, submitted more than two years ago to state and federal agencies, was the culmination of more than a decade of engineering, hydrogeological, environmental and engagement work that maximize environmental protection. We are confident that a full environmental review will show that the science behind this modern mine will prove that we can advance this project safely under the highest of standards.

Twin Metals’ mineral leases were first issued in 1966 and have been held in good standing spanning 11 presidential administrations. We remain steadfast in defending those rights and advancing our model mining project.

Our commitment to the communities of northeast Minnesota and to advancing a sustainable mining project has not wavered. We are firmly dedicated to bringing much-needed economic growth to our region and the opportunity to responsibly develop the critical minerals needed for our global efforts in combatting the climate crisis.