Generation Mining Ltd. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. sole underwriter and bookrunner, pursuant to which Haywood has agreed to purchase, on a bought deal basis, 42,858,000 units in the capital of the Company at a price of C$0.28 per Unit , and 9,678,000 flow-through units in the capital of the Company at a price of $0.32 per FT Unit for aggregate gross proceeds to [...]
Generation Mining Ltd. has agreed to sell its rights and interests in an option agreement to acquire a 100% interest in six mineral leases hosting a molybdenum-tungsten deposit, located near the town of Smithers, British Columbia, to Moon River Capital Ltd. , a capital pool company listed on the TSX Venture Exchange, for $630,000 in cash, 9.0 million common shares of Moon River and certain nomination and pre-emptive [...]
Generation Mining Ltd. will attend the 2023 Precious Metals Summit in Beaver Creek, Colorado from September 12 to 15, 2023 and the Gold Forum Americas 2023 in Colorado, Springs, Colorado from September 17 to 20, 2023. About the Company Gen Mining's focus is the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario, Canada. The Company released the results of the [...]
Generation Mining Ltd. is pleased to announce that, following consent by the Biigtigong Nishnaabeg Chief and Council of the Closure Plan for the Marathon Palladium-Copper Project , the Company has been issued a letter from the Ministry of Mines inviting the Company to submit the Closure Plan. Upon submission of the Closure Plan, supporting documentation, and financial assurance the Director of Mine Rehabilitation has up [...]
Generation Mining Ltd. is pleased to announce that the Company has received the Endangered Species Act permit issued by the Ministry of the Environment, Conservation and Parks for Caribou and Little Brown Myotis, Northern Myotis and Tri-coloured Bats . This permit includes conditions intended to minimize impacts to caribou and SAR bats, as well as to create an overall benefit for these species at risk. The ESA permit [...]
Generation Mining Ltd. announces that Mr. Rodney Thomas has retired from his position as a Director on the Board of Directors of the Company and as such he did not seek re-election today. Following Mr. Thomas' retirement, the total number of Board members has been reduced from eight to seven. Kerry Knoll, Chairman of the Company said, "Rod has had an extensive career in mineral exploration around the world during the past [...]
Generation Mining Ltd. is pleased to announce positive results on the updated Feasibility Study for the Marathon Palladium-Copper Project located near the Town of Marathon in Northwestern Ontario. The 2023 FS presents an optimized design for the Project with improved clarity on anticipated capital and operating costs in the current inflationary environment. The 2023 FS outlines the operation of an open pit mine and [...]
Generation Mining Ltd. has finalized an offtake term sheet with Glencore International AG for copper concentrate, containing copper, palladium, platinum, gold, and silver, to be produced at Gen Mining's Marathon Palladium-Copper Project, located near Marathon, Ontario. Under the term sheet, Glencore will purchase an average of 50% of the total copper concentrate to be produced from the Marathon Palladium-Copper Project [...]
Management of Generation Mining Ltd. reflects on a year that has been action-packed as we've advanced the Marathon Palladium-Copper project in Northwestern Ontario , held through the Company's wholly-owned subsidiary Generation PGM Inc. , closer to construction. In the 42 months since Gen Mining first acquired an interest in the Marathon Project, the Company has significantly advanced the Marathon Project towards becoming [...]
Generation Mining Ltd. is pleased to announce that the Marathon Palladium Copper Project was approved by the joint Federal and Provincial Environmental Assessment process. The Company will now proceed to obtain the necessary permits for construction and operation. The Honourable Steven Guilbeault, Federal Minister of Environment and Climate Change, and The Honourable David Piccini, Ontario Minister of the Environment [...]
Generation Mining Ltd. announces that Biigtigong Nishnaabeg has approved a Community Benefits Agreement in respect of the Marathon Palladium Copper Project owned by the Company's wholly-owned subsidiary, Generation PGM Inc. . The CBA between Generation PGM and BN, which was ratified through a BN membership vote completed on November 12, 2022, describes the benefits the BN community will receive from the Project and [...]
Generation Mining Ltd. is pleased to announce that it has received, through its wholly-owned subsidiary Generation PGM Inc. , the second CAD$20 million payment from the previously announced Precious Metal Purchase Agreement with Wheaton Precious Metals Corp. in respect to the Marathon Palladium Copper project in Northwestern Ontario . Under the terms of the PMPA, Wheaton will pay Gen PGM total cash consideration of [...]
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