In response to the New York Times article published June 25

Tuesday June 25, 2019

The Times article contains nothing new and attempts to connect two separate matters.

Twin Metals Minnesota is a Minnesota mining company committed to develop and operate an environmentally safe, 21st century underground metals mining project in the Iron Range of northeast Minnesota. It is managed by a Minnesota-based executive team working from offices in Saint Paul and Ely Minnesota.

The mineral leases that were renewed in early June have been held in good standing by Twin Metals and its predecessors for more than 50 years. The Bureau of Land Management and the U.S. Forest Service have twice previously renewed the leases for the Twin Metals Minnesota site. The renewal of those leases restores the well-established, nonpartisan regulatory review process specified in state and federal law.

Submission of our Mine Plan of Operations in the coming months will kick off a multi-year, scientific review process. We remain committed to a fair and consistent review process.

About Twin Metals Minnesota: Twin Metals Minnesota is a Minnesota company focused on designing, constructing and operating an underground copper, nickel, cobalt and platinum group metals mining project in northeast Minnesota. The TMM project brings the promise of significant long-term jobs and environmentally responsible economic development for generations in Minnesota. Twin Metals is owned by Antofagasta plc, one of the top ten copper producers in the world. For more information, visit
http://www.twin-metals.com/

Contact:
Kathy Graul
Manager, Public Relations
media@twin-metals.com
651-728-2357