Toronto, Ontario – November 17, 2020 – Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) welcomes the recent announcement by the Government of Canada and the Province of Ontario of the appointment of the Joint Review Panel (JRP) 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 our project in a timely manner. As always, our priority is to ensure that we contribute to a meaningful and collaborative consultation process as the Project comes to fruition,” said Jamie Levy, President and Chief Executive Officer of the Company.
“This Project will bring direct economic benefits to the town of Marathon, the surrounding communities, and Indigenous groups in Northern Ontario. It will also give Canada a strategic position in a globally competitive mineral market for palladium and copper, both essential to Canada’s green economy,” concluded Levy.
About Generation Mining Limited
Gen Mining’s focus is the development of the Marathon Palladium-Copper Project, the largest undeveloped platinum group metal Mineral Resource in North America. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. Gen Mining acquired a 51% interest in the Marathon Project from Sibanye Stillwater in 2019 and is in the process of increasing that ownership to 80%. A feasibility study was started in the second quarter of 2020 with completion expected in the first quarter of 2021.