ST. PAUL, MN – Governor Mark Dayton today released the following statement, regarding the deadline for Chippewa Capital Partners, LLC to obtain the needed financing for its mineral leases.
“My administration has been working hard with Range leaders to get the best possible outcome for the project. I have instructed the Minnesota Department of Natural Resources to agree to a thirty-day extension for Chippewa to obtain its financing. The DNR will be in close communication with Chippewa over the next thirty days to monitor their progress. If Chippewa is unable to obtain their financing agreement within that thirty-day period, the DNR will regain control of the leases.
“I am dedicated to ensuring that these state leases are utilized by a financially capable entity to mine and process their resources, build and operate a value-added enterprise, and create more jobs and further economic growth on the Iron Range.”
