- Business
- Generation Mining Limited is an exploration and development firm primarily focused on securing base and precious metal deposits across Canada. The company is dedicated to advancing its flagship Marathon Palladium and Copper Project, which is situated on a 26,000-hectare land package in Northwestern Ontario. This asset is considered one of North America's few fully permitted and construction-ready critical mineral developments, strategically positioned to contribute essential metals crucial for the global energy transition. The Marathon Project, 100% owned by Generation Mining, is designed to be an open-pit operation, projected to yield significant quantities of palladium, copper, platinum, gold, and silver over its estimated 13-year mine life. An updated Feasibility Study, completed in March 2025, demonstrated robust economics, including an after-tax Net Present Value of C$1.07 billion, an Internal Rate of Return of 28%, and a quick 1.9-year payback period based on 3-year trailing average metal prices. Generation Mining has successfully secured all necessary federal and provincial construction permits for the Marathon Project, including the final environmental compliance approval in May 2025, marking it as a "shovel-ready" venture. The company is actively progressing its financing strategy, having obtained mandate letters for senior debt facilities up to US$400 million and a US$200 million streaming agreement, along with receiving Canadian government funding for infrastructure work. Established in 2018, Generation Mining Limited maintains its headquarters in Toronto, Canada.