Generation Mining Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement through the issuance of 4,292,367 common shares of the Company issued on a flow-through basis at a price of C$0.77 per FT Share for gross proceeds of C$3,305,122.59. Eric Sprott purchased 2,000,000 FT Shares of the Offering. The Company will incur "Canadian exploration expenses" as defined in subsection [...]
Generation Mining Ltd. is pleased to announce a fully subscribed non-brokered private placement of 4,295,000 common shares of the Company to be issued on a flow-through basis at a price of C$0.77 per Share for gross proceeds to the Company of C$3,307,150 . Approximately 47% of the Offering will be subscribed to by a company controlled by Mr. Eric Sprott, making it the largest shareholder of the Company’s common shares [...]
Generation Mining Ltd. is pleased to announce additional results from its 12 hole - 5,068 meter exploration drill program focused on the down-dip western extension of the W Horizon portion of the Marathon Palladium Deposit which is currently the subject of a Feasibility Study. The drill program was designed to test the potential for near surface, ramp accessible mineralization. Results from the first four holes of the [...]
Generation Mining Ltd. is pleased to announce that a member of its Board of Directors, Phillip Walford, P.Geo, will be the co-recipient of the prestigious 2021 Bill Dennis Award presented by the Prospectors and Developers Association of Canada. This award, named for a former president of the association, honours individuals who have accomplished one or both of the following: made a significant mineral discovery; made an [...]
Generation Mining Ltd. is pleased to announce that it has completed all the requirements to earn an 80% interest in the Marathon Palladium-Copper . Gen Mining acquired a 51% interest in the Project from Sibanye-Stillwater Limited on July 10, 2019 including an option to increase its interest to 80% by completing a Preliminary Economic Assessment and spending all joint venture expenditures aggregating $10 million within a [...]
Generation Mining Ltd. is pleased to announce the results of its annual and special meeting of shareholders held earlier today. All matters presented for approval at the Meeting were duly authorized and approved, as follows: each of the following nominees was elected as a director of the Company. The results of the shares voted in person or by proxy in respect of the election of each director are: Nominee Votes For Votes [...]
Generation Mining Ltd. welcomes the recent announcement by the Government of Canada and the Province of Ontario of the appointment of the Joint Review Panel to conduct the environmental assessment of the Company’s Marathon Palladium and Copper Project in Northwestern Ontario. “Generation Mining and all of our stakeholders look forward to supporting the panel members and both governments as they complete their review of [...]
Generation Mining Ltd. is pleased to provide details of the Company's upcoming annual and special meeting of shareholders to be held on November 20, 2020 at 10:00 a.m. , at 100 King Street West, Suite 7010, Toronto, Ontario M5X 1B1. The Company is offering its shareholders the option to listen to the Meeting via teleconference using the following details: To dial using one tap mobile [...]
Generation Mining Ltd. is pleased to announce initial results from its exploration drilling program focused on the down-dip western extension of the W Horizon portion of the Marathon Palladium Deposit which is currently the subject of a Feasibility Study. The W Horizon contains approximately 14%, by volume, of the mineralization in the Marathon Palladium Deposit. The drill program, designed to test the potential for near [...]
Generation Mining Ltd. is pleased to provide an update on the continued progress of the Feasibility Study currently underway for the Marathon Palladium project in northwestern Ontario . The Company previously reported on the Phase 1 bench-scale metallurgical testing program that determined the recovery to be used for the Feasibility Study and the expected recoveries for the Project going forward. The Phase 1 Metallurgical [...]
Jamie Levy, CEO, Generation Mining Ltd. , shares his company's story in an interview with TMX Group. The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit [...]
Generation Mining Ltd. is pleased to announce that it has contracted Vital Drilling Services to complete a 5,000-metre drilling program along the western margin of a portion of the Company’s Marathon palladium copper project in Northwestern Ontario. The drill and crew began mobilizing to site on August 19, 2020 and it is anticipated that drilling will commence shortly. The exploration drill program is designed to [...]
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