Generation Mining Ltd. is pleased to announce that in accordance with the terms of the Marathon joint venture agreement dated July 10, 2019 entered into between the Company and Stillwater Canada Inc., a subsidiary of Sibanye Stillwater Ltd. , the management committee of the joint venture has by majority vote approved the Company's Feasibility Study on the Marathon Palladium-Copper project in Northwestern Ontario . The [...]
Generation Mining Ltd. is pleased to announce the submission of the Environmental Impact Statement Addendum - Volume 2 for the Marathon Palladium Copper Project . The EIS provides an outline and analysis of key elements of the Project design, the environmental, economic and social components along with the mitigation, controls and benefits that will be present over the life-cycle of the Project from construction to final [...]
Generation Mining Ltd. and Biigtigong Nishnaabeg are proud to announce the signing of an Agreement in Principle for the Marathon Palladium Copper Project located in Northwestern Ontario. BN has been an integral part of the environmental assessment process and Marathon Project planning. Formalizing the long-term relationship with an Agreement in Principle signals the community leadership's support, in principle, for the [...]
Generation Mining Ltd. is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects on the feasibility study prepared for the Company on the Marathon Palladium and Copper Project . The Technical Report supports the disclosure set out in the Company's March 3, 2021 news release announcing the results of the feasibility [...]
Generation Mining Ltd. is pleased to announce the results of the Feasibility Study for the Marathon Palladium and Copper Project located near the Town of Marathon in Northwestern Ontario. The Feasibility Study supports an open pit mining operation with a robust rate of return over a 13-year mine life. All dollar amounts are in Canadian dollars and stated on a 100% project ownership basis unless otherwise noted [...]
Generation Mining Ltd. is pleased to announce that it has signed a contract with Boart Longyear Canada for an 8,000-metre exploration drilling program on its Marathon palladium-copper project in Northwestern Ontario. The drill and crew have mobilized to site and drilling is underway on the first hole at the Central Feeder Zone target. Two phases of drilling are planned. The winter program is underway; targets for the [...]
Generation Mining Ltd. is pleased to announce the appointment of Jennifer Wagner to the Company's Board of Directors. The appointment of Ms. Wagner increases the board to eight members, five of whom are independent of management. Ms. Wagner is a lawyer with extensive experience in the corporate mining sector. She is currently Senior Vice-President, Corporate Affairs, Legal Counsel and Corporate Secretary at [...]
Generation Mining Ltd. is pleased to provide a progress update for the Marathon Palladium-Copper Project in Northwestern Ontario including the completion of Phase 2 metallurgical testing, pilot plant trials, and continued advancement on the Feasibility Study. The Company previously reported on Phase 1 bench-scale metallurgical testing that established improved PGM and Cu recoveries for use in the Feasibility Study and the [...]
Generation Mining Ltd. is pleased to announce final results from its 12-hole, 5,068-metre 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 2020 exploration drilling results will not be incorporated in the Feasibility Study, which is ongoing and should be released during the first quarter [...]
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 [...]