Generation Mining Ltd. is pleased to announce that it has closed its previously-announced "bought deal" public offering that consisted of 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 C$0.32 per FT Unit for aggregate gross proceeds to the [...]
Generation Mining Ltd. has closed the previously announced sale of its rights and interests in an agreement to acquire a 100% interest in a mineral property hosting a molybdenum-tungsten deposit, to Moon River Capital Ltd. , a company listed on the TSX Venture Exchange , for $630,000 in cash and 9.0 million common shares of Moon River . See the [...]
Generation Mining Ltd. is pleased to announce that the province of Ontario has accepted and filed the Closure Plan for the Marathon Palladium-Copper Project. This represents another major milestone in the permitting process for the Marathon Palladium-Copper Project. Jamie Levy, President and Chief Executive Officer of the Company said, "The [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
