Articles from Generation Mining Limited

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to advise that it has now received all three outstanding approvals under the Lakes and Rivers Improvement Act (“LRIA”) from the Ontario Ministry of Natural Resources (“MNR”) in respect of infrastructure construction associated with the water management structures for the Marathon Copper-Palladium Project (“Marathon Project”) in Northwestern Ontario.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to advise that it has received two additional approvals from the Ministry of the Environment, Conservation and Parks (“MECP”) and the Ministry of Natural Resources (“MNR”) for the Marathon Copper-Palladium Project (“Marathon Project”) in Northwestern Ontario. The Permit to Take Water (“PTTW”) for the construction phase of the Project was granted by MECP, and one of the four approvals for the Lakes and Rivers Improvement Act (“LRIA”) permit, regarding construction of infrastructure associated with the water management structures has been approved by MNR. The Company has also completed the work associated with the aerial survey portion of the Endangered Species Act (“ESA”) permit for the Boreal Woodland Caribou in the Lake Superior Coastal Range (the “Caribou Survey”) as required with the amended ESA MECP permit. These approvals mark significant milestones in the advancement of the Company’s Marathon Project.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") announces a change in the Company’s management team with the departure of Mr. Drew Anwyll, Chief Operating Officer of the Company, effective February 28, 2025. His duties will be assumed by existing members of Gen Mining’s technical team.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is saddened to announce the passing of Paul Murphy, who served as the Company’s Lead Director and Chairman of the Audit Committee, as well as a valued member of the Compensation Committee, and the Nominating and Corporate Governance Committee.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to provide an update on the project optimization work (the “Optimization Work”) previously announced on June 6, 20242 on the Marathon Palladium-Copper Project (the “Marathon Project”) in Northwestern Ontario. The Optimization Work focused on two key aspects: (1) optimization of the mine plan to maximize metal production and defer waste stripping in the early years of operations in order to improve early cash flows and reduce the payback period (“Mine Plan Optimization”); and (2) review and optimization of the plant design and layout, including sizing of key equipment, plant footprint and foundations, in order to reduce the initial Project capital costs (“Initial Capital Optimization”).

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that Generation PGM Inc., its wholly-owned subsidiary developing the Marathon Copper-Palladium Project, has been awarded up to $771,000 from the Critical Minerals Infrastructure Fund (CMIF) pending final due diligence. The CMIF is a key program under the Canadian Critical Minerals Strategy to address infrastructure gaps, enable critical minerals production and connect resources to markets through various clean energy, electrification and transportation infrastructure projects.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce receipt of the Fisheries Act Authorization (“FAA”) for the Marathon Palladium-Copper Project (the “Marathon Project”). The FAA, issued by Fisheries and Oceans Canada, approves the Company’s plan to avoid, mitigate and offset impacts to fish and fish habitat related to the development of the Marathon Project. Specifically, the authorization allows for the construction of the tailings storage facility and water management structures required for the construction and operation of the Marathon Project.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce the federal government has approved amendments to Schedule 2 of the Metal and Diamond Mining Effluent Regulations (“Schedule 2”) for the Marathon Palladium-Copper Project (the “Marathon Project”). This approval will allow for the construction of specific water management structures and operation of key infrastructure for the Marathon Project.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to provide an update on its multi-phased summer exploration program targeting copper dominant and higher-grade palladium group metals (PGM) prospects on its Marathon Property in northwestern Ontario (see news release dated March 7th, 2024). The Company is also pleased to announce initial results from the ALS Goldspot Artificial Intelligence (“AI”) process.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (the “Company”) announces the voting results from its annual meeting of shareholders (the “Meeting”) held earlier today.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") continues to advance the Marathon Palladium-Copper Project in Northwestern Ontario through project design optimizations. As the Company works to complete the permitting process and obtain the necessary government approvals to commence construction, it has engaged a construction-focused engineering firm to support design optimizations for the Project. The intent is to improve on the designs for Project constructability, to decrease initial capital costs, and to reduce the operating-phase costs.

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) welcomes the recent report by the International Energy Forum (“IEF”) entitled “Copper Mining and Vehicle Electrification”, which states that the world will not be able to produce enough copper to transition to 100% electric vehicle production by 2035 – the target of many governments around the world. This IEF report (the “Report”) goes on to state that “Policymakers might consider changing the vehicle electrification goal from 100% EV to 100% hybrid manufacture by 2035. This would allow for future output of existing and new copper mines to be used for the developing world to catch up with the developed world in electrification.”

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to announce that it has filed a final short form base shelf prospectus (the “Prospectus“) with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec.

Generation Mining Limited (TSX:GENM) ("Gen Mining" or the "Company") announces that it has signed a contract with Boart Longyear Canada for up to 8,000 metres of exploration drilling on a number of high-prospectivity copper targets north and west of its Marathon Palladium-Copper Project in Northwestern Ontario. Two phases of drilling as well as numerous field programs are planned. The winter program is focused on the Biiwobik prospect, which sits just north of the Marathon Palladium-Copper deposit and the summer drill program includes the Four Dams and Sally targets.

Generation Mining Limited (TSX:GENM) ("Gen Mining" or the "Company") announces that the Company will be hosting 1x1s and corporate presentations at several in-person conferences over the next two weeks including:

Join the Generation Mining Limited (TSX:GENM) ("Gen Mining" or the "Company") team on Thursday, December 14, 2023 at 1:00 pm ET as they review key milestones achieved in 2023. Gen Mining’s Jamie Levy, President and Chief Executive Officer, together with Kerry Knoll, Chair, and Drew Anwyll, Chief Operating Officer, will cover major permitting milestones met, progress on financing, the current palladium and copper markets, and they will also provide insight into what investors can expect in 2024.

Generation Mining Limited (TSX:GENM)(OTCQB: GENMF)(“Gen Mining” or the “Company”) is pleased to announce that the Ministry of Natural Resources and Forestry of the province of Ontario has issued the Permit to Remove (trees) for the Marathon Palladium-Copper Project. This represents yet another approval received in the permitting process for the Marathon Palladium-Copper Project.

Generation Mining Limited (TSX:GENM) ("Gen Mining" or the "Company") is pleased to announce that it has closed its previously-announced “bought deal” public offering that consisted of (i) 42,858,000 units (the “Units”) in the capital of the Company at a price of C$0.28 per Unit, and (ii) 9,678,000 flow-through units (the “FT Units” and together with the Units, the “Offered Securities”) in the capital of the Company at a price of C$0.32 per FT Unit for aggregate gross proceeds to the Company of C$15,097,200 (the “Offering”). The Offering included a lead order of C$5,000,000 of Units from Wheaton Precious Metals Corp. and participation by existing shareholders. Haywood Securities Inc. acted as sole underwriter and bookrunner in connection with the Offering.

Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) has closed the previously announced sale of its rights and interests in an agreement to acquire a 100% interest in a mineral property (the “Davidson Property”) hosting a molybdenum-tungsten deposit, to Moon River Capital Ltd. (“Moon River”), a company listed on the TSX Venture Exchange (“TSXV”), for $630,000 in cash and 9.0 million common shares of Moon River (the “Common Shares”). See the Company’s news release of September 13, 2023 for additional information.

Generation Mining Limited (TSX:GENM)(OTCQB: GENMF)(“Gen Mining” or the “Company”) 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.

Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) has agreed to sell its rights and interests in an option agreement (the “Davidson Agreement”) to acquire a 100% interest in six (6) mineral leases (the “Davidson Property”) hosting a molybdenum-tungsten deposit, located near the town of Smithers, British Columbia, to Moon River Capital Ltd. (“Moon River”), 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 shareholder rights described below (the “Proposed Transaction”). Moon River intends for the Proposed Transaction to constitute its Qualifying Transaction under the rules of the TSX Venture Exchange. Following completion of the transaction, Moon River will engage in exploration and development activities in order to advance a preliminary economic assessment on the Davidson Property.

Generation Mining Limited (TSX:GENM)(OTCQB: GENMF)(“Gen Mining” or the “Company”) 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.

Generation Mining Limited (TSX:GENM)(OTCQB: GENMF)(“Gen Mining” or the “Company”) is pleased to announce that, following consent by the Biigtigong Nishnaabeg (“BN”) Chief and Council of the Closure Plan for the Marathon Palladium-Copper Project (the “Closure Plan”), the Company has been issued a letter from the Ministry of Mines (“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 to 45 days to approve the plan or return it for further revisions. This represents another significant milestone in the permitting process for the Marathon Palladium-Copper Project and reflects the contributions of BN and other Indigenous groups that were consulted and participated in the overall development of the plan. The Company expects additional permits and approvals to be received during the fall of 2023.

Generation Mining Limited (TSX:GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that the Company has received the Endangered Species Act permit (“ESA permit”) issued by the Ministry of the Environment, Conservation and Parks (“MECP”) for Caribou (Boreal population) (“caribou”) and Little Brown Myotis, Northern Myotis and Tri-coloured Bats (“SAR 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.

Generation Mining Limited (TSX:GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) 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.

Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) has executed a mandate letter to arrange a senior secured project finance facility of up to US$400 million (the “Mandate”) to fund the construction and development of its Marathon Palladium-Copper Project, located on the north shore of Lake Superior in the Province of Ontario, Canada (the “Marathon Project”).

Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce positive results on the updated Feasibility Study (“2023 FS” or the “Feasibility Study”) for the Marathon Palladium-Copper Project (the “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 process plant over a mine life of 12.5 years and replaces the Company’s March 2021 Feasibility Study (the “2021 FS”).

Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) has finalized an offtake term sheet with Glencore International AG (“Glencore”) 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.

Management of Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) reflects on a year that has been action-packed as we’ve advanced the Marathon Palladium-Copper project in Northwestern Ontario (the “Marathon Project”), held through the Company’s wholly-owned subsidiary Generation PGM Inc. (“Gen PGM”), 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 the next greenfield critical minerals mine in Canada by preparing a feasibility study and 43-101 Technical Report, obtaining the federal and provincial government environmental assessment approvals, entering into agreements with affected Indigenous communities, including the Community Benefits Agreement with the Biigtigong Nishnaabeg First Nation, and advancing significant financing arrangements to fund construction of the mine.

Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) announces that Biigtigong Nishnaabeg (“BN”) has approved a Community Benefits Agreement (“CBA”) in respect of the Marathon Palladium Copper Project (the “Project”) owned by the Company’s wholly-owned subsidiary, Generation PGM Inc. (“Generation PGM”).

Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) 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.

Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) announces that its wholly-owned subsidiary, Generation PGM Inc. (“Gen PGM”), which is developing the Marathon Palladium Copper Project (the “Marathon Project”) near Marathon, Ontario, has entered into an agreement with Hycroft Mining Holding Corporation (“Hycroft”) for the purchase of an unused, surplus SAG mill and ball mill (the “Mills”) 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 US$500,000 is due not later than September 30, 2022, and a final payment of US$11,000,000 is due not later than March 31, 2023. Gen PGM will also assume certain costs related to the Mills, including storage, insurance and financing charges, if any, until completion of the sale.

Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) announces that its wholly-owned subsidiary, Generation PGM Inc. (“Gen PGM”), which is developing the Marathon Palladium Copper Project (the “Marathon Project”) near Marathon, Ontario, has entered into an agreement with Valard Equipment LP (“Valard”) for the lease of a construction camp (the “Camp”) located in Marathon, Ontario until June 30, 2023 (the “Lease Term”) and an option, exercisable at Gen PGM’s discretion, to purchase the Camp on or before the end of the Lease Term. In connection with this agreement, Gen PGM has also leased the existing serviced camp site from the Town of Marathon.