TWIN METALS STATEMENT ON THE DNR’S NONFERROUS MINING RULE DECISION

Wednesday May 31, 2023

Ely, Minn., May 31, 2023 – Twin Metals Minnesota is currently reviewing the Minnesota DNR’s order related to the state’s nonferrous mining rules. Minnesota’s nonferrous mining rules establish some of the most rigorous standards in the world. They were developed over the course of three decades of comprehensive studies and public review. We remain committed to advancing a modern mining project that is protective of the environment and that meets or exceeds all state and federal standards. The need for a domestic supply of responsibly sourced minerals has never been greater. We look forward to continuing our work with DNR and other stakeholders to move forward a project that is safe for workers and the environment, is supportive of the region’s communities, and that serves as a sustainable producer of the raw materials needed in the transition to a clean energy future.

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/.