By Josh Beckerman

Polymet Mining Corp. shares were recently up 77% to $4.77 on the NYSE American exchange after a favorable court ruling Thursday related to its NorthMet project in Minnesota.

Polymet is majority owned by Glencore PLC.

A Ramsey County District Court judge found that a water permit for the copper-nickel-precious metals project was issued with proper procedures.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

September 04, 2020 12:58 ET (16:58 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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