In the light of recent developments, and in the interests of preserving shareholder value, the Board and the Special Committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries.
As part of the Company’s efforts to build and advance long-term growth pipeline, Polymetal is pursuing grassroots, greenfield exploration through joint ventures with junior explorers in order to access promising, untested mineral properties for a reasonable price.
- Typical JV structure:
- Staged approach (3-5 years) to funding of exploration campaigns via earn-in equity and / or debt financing.
- Polymetal is granted a call option to acquire a remaining stake.
- Exit based on JORC-compliant resources or reserves at pre-agreed market valuation.
- Operatorship left to juniors to enhance decision-making process until the controlling stake is acquired.
- Current projects: