Generation Mining Ltd.
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in mil. unless spec.Company Description
- CEO
- Jamie Levy
- Full Time Employees
- 13
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 100 King Street West Toronto ON Canada M5X 1B1
- IPO Date
- May 9, 2018
- Website
- genmining.com
- Similar Companies
- 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.
Company News
Generation Mining Provides Update on Regional Exploration Program
Generation Mining Commences Construction at Marathon Copper-Palladium Mine
Generation Mining Announces Acquisition of Shares of Elton Resources Corp.
Generation Mining Closes “Bought Deal” Public Offering and Concurrent Private Placement for Gross Proceeds of $240 Million
Generation Mining Agrees to a Term Sheet with the Ontario Government for Funding to Support Construction of the Marathon Processing Facility
Generation Mining Agrees to a Term Sheet with the Ontario Government for Funding to Support Construction of the Marathon Processing Facility
Generation Mining Secures Full Project Financing to Build Canada's Next Critical Minerals Mine
Generation Mining Reports First 30% of Marathon Capital Costs Bid at or Below Feasibility Study Estimates
Generation Mining Announces Election of Directors
Generation Mining Secures CAD $200 Million Subordinated Debt Commitment from Canada Infrastructure Bank
Generation Mining Appoints Chief Operating Officer and VP Finance to Strengthen Management Team
Chicane Capital I Corp. and Elton Resources Corp. Enter Into Definitive Merger Agreement with Respect to Qualifying Transaction and Brokered Private Placement of Subscription Receipts
Generation Mining Awards EPCM Contract to Ausenco for the Marathon Copper-Palladium Project
Generation Mining Continues Strengthening its Management Team
Generation Mining Secures $750,000 Strategic Investment from Biigtigong Nishnaabeg
Generation Mining Strengthens Technical Leadership for the Marathon Copper-Palladium Project
Generation Mining Closes Upsized "Bought Deal" Public Offering for Gross Proceeds of Approximately $34.5 Million, Including Full Exercise of Over-Allotment Option
Generation Mining Expands its Land Package at the Marathon District
Generation Mining Appoints Clinton Swemmer VP, Projects to Advance Marathon Copper-Palladium Project
Generation Mining Limited - Special Call