Generation Mining Ltd. announces that Jamie Levy, President and Chief Executive Officer will be presenting at the Precious Metals Summit being held in Beaver Creek, Colorado on Tuesday, September 13, 2022 at 13:45 MT. The webcast will be available on Gen Mining's website at https://genmining.com/investors/events/ on the day of the presentation. Additionally, Kerry Knoll, Chairman has prepared a presentation for the H.C [...]
Generation Mining Ltd. announces that its wholly-owned subsidiary, Generation PGM Inc. , which is developing the Marathon Palladium Copper Project near Marathon, Ontario, has entered into an agreement with Hycroft Mining Holding Corp. for the purchase of an unused, surplus SAG mill and ball mill currently stored in Nevada and Texas, USA for US$12,000,000, of which US$500,000 is due on signing, the second payment of [...]
Generation Mining Ltd. announces that the Joint Review Panel established to conduct an environmental assessment of the Company's Marathon Palladium Copper Project near Marathon, Ontario has delivered its report . The Reports sets out recommendations for the Company, and the federal and provincial governments, to mitigate or minimize any adverse effects of the Marathon Project. The completion of the Panel report is a [...]
Generation Mining Ltd. announces that its wholly-owned subsidiary, Generation PGM Inc. , which is developing the Marathon Palladium Copper Project near Marathon, Ontario, has entered into an agreement with Valard Equipment LP for the lease of a construction camp located in Marathon, Ontario until June 30, 2023 and an option, exercisable at Gen PGM's discretion, to purchase the Camp on or before the end of the Lease Term [...]
Generation Mining Ltd. is pleased to announce the appointment of Christopher Stackhouse as Vice-President, Finance. Mr. Stackhouse replaces Patricia Mannard, who has retired. Mr. Stackhouse spent 7 years with Guyana Goldfields Inc. , most recently as interim CFO, where he was instrumental in the development and operation of the US$250 million Aurora Gold Mine, including finalization of the feasibility study and project [...]
Generation Mining Ltd. is pleased to announce that it has received, through its wholly-owned subsidiary Generation PGM Inc. , the first C$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 C$240 [...]
Generation Mining Ltd. is pleased to provide an update on the outcome of the exercise of the Company's warrants that expired on February 13, 2022. Gen Mining is pleased to announce that a cumulative total of 10,123,494 warrants were exercised, generating aggregate proceeds of approximately $7.4 million. Of this amount, approximately $5.7 million of the warrants were exercised in 2022. The warrants consisted of common [...]
Generation Mining Ltd. and Metis Nation of Ontario are proud to announce the signing of a Consultation and Process Agreement for the Marathon Palladium Copper Project located in Northwestern Ontario. This agreement sets out the principles that will guide the MNO and Generation PGM Inc. in developing their relationship and confirms their intentions to arrive at a Community Benefit Agreement . The Agreement focuses on [...]
Generation Mining Ltd. and Biigtigong Nishnaabeg are proud to announce the signing of a Memorandum of Agreement for the Marathon Palladium Copper Project located in Northwestern Ontario. This MOA signals another important milestone for the Marathon Project, as it nears regulator approval through the environmental assessment process and is in line with Gen Mining's Indigenous relations policy and practice of maximizing [...]
Generation Mining Ltd. is pleased to announce, further to its press release dated December 8, 2021, that it has completed the acquisition of the remaining 16.5% interest in the Marathon Palladium Copper project in Northwestern Ontario from Stillwater Canada Inc. , a subsidiary of Sibanye Stillwater Ltd. . The Transaction was completed in accordance with the terms and conditions set out in the acquisition agreement dated [...]
Generation Mining Ltd. is pleased to announce that it has agreed to enter into a definitive Precious Metal Purchase Agreement with Wheaton Precious Metals Corp. in respect to the Marathon Palladium Copper project in Northwestern Ontario . The Marathon PMPA becoming effective is subject to the closing of Gen Mining's acquisition of the remaining 16.5% interest in the Marathon Project from Sibanye Stillwater Ltd. . Pursuant [...]
Generation Mining Ltd. is pleased to announce receipt of an independent report on the operational carbon footprint of the Company's Marathon palladium-copper project which, once producing, is estimated to rank as one of the lowest in both Canada and the world per tonne of copper-equivalent produced. The report shows that the Marathon project would have the second lowest operating footprint in Canada, at only 1.5 tonnes of [...]