Key facts
| Company | Generation Mining Limited (TSX: GENM) |
|---|---|
| Commodity | Platinum |
| Location | Canada |
| Stage | Early exploration |
About Marathon
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News releases14 on file
Generation Mining Commences Construction at Marathon Copper-Palladium Mine
Construction has begun at the 100%-owned Marathon Copper-Palladium Project in Northwestern Ontario, with early works commencing after Generation Mining posted a $6.5 million bond for the construction phase of its filed Closure Plan. The early works program, including site road upgrades, clearing, water management structures and camp expansion, is expected to run through Q4 2026 and into 2027. Init
CorporateGeneration Mining Agrees to a Term Sheet with the Ontario Government for Funding to Support Construction of the Marathon Processing Facility
A non-binding term sheet has been agreed with the Government of Ontario for a loan of up to $11 million through Ontario's Critical Minerals Processing Fund, administered by Invest Ontario, to support construction of the processing facility at the 100%-owned Marathon Copper-Palladium Project in Northwestern Ontario. The loan amount depends on eligible project expenditures and maintaining minimum em
FinancingGeneration Mining Secures Full Project Financing to Build Canada's Next Critical Minerals Mine
Final funding of $340 million has been secured for the 100%-owned Marathon Copper-Palladium Project near Marathon, Northwestern Ontario, comprising a $200 million bought deal of 312,500,000 common shares at $0.64, a $40 million private placement of 62,500,000 shares at $0.64 by Canada Growth Fund, and $100 million of subordinated unsecured convertible notes split between CGF and Canada Infrastruct
FinancingGeneration Mining Reports First 30% of Marathon Capital Costs Bid at or Below Feasibility Study Estimates
Bid pricing received for major equipment and construction packages representing approximately 30% of estimated capital costs at the 100%-owned Marathon Copper-Palladium Project in Northwestern Ontario is, in aggregate, at or below the corresponding allowances in the 2025 Feasibility Study. Packages include grinding mills, a high voltage substation, thickener, primary crusher, hydrocyclones and a p
Study resultsGeneration Mining Secures CAD $200 Million Subordinated Debt Commitment from Canada Infrastructure Bank
The Canada Infrastructure Bank has received internal credit approval for a CAD $200 million subordinated debt facility for the Marathon Copper-Palladium Project in Northwestern Ontario, comprising a CAD $110 million facility for development and construction costs and a CAD $90 million standby facility for cost overruns. Generation Mining has now secured approximately CAD $969 million of required f
FinancingGeneration Mining Appoints Chief Operating Officer and VP Finance to Strengthen Management Team
Jeremy Wyeth, B.A.Sc., Mining Engineer, has been appointed Chief Operating Officer of Generation Mining, having joined as Technical Advisor six months ago; he previously served as Operations Director at Wood Canada Ltd. from 2017 to 2020 and led development of De Beers' Victor Diamond Mine in Northern Ontario. Anton Cukrov, CA, was appointed VP Finance, bringing 18 years of mining finance experien
ManagementGeneration Mining Receives Senior Lender Credit Approval for US$310 Million from EDC, ING Capital, and Société Générale
Export Development Canada, ING Capital and Société Générale have each granted internal credit approval for a US$310 million (approximately CAD $424 million) senior secured project finance facility for the Marathon Copper-Palladium Project in Northwestern Ontario. Together with an undrawn CAD $200 million Wheaton Precious Metals streaming agreement and approximately CAD $145 million of equipment le
FinancingGeneration Mining Awards EPCM Contract to Ausenco for the Marathon Copper-Palladium Project
Ausenco Engineering Canada ULC has been appointed EPCM partner for the Marathon Copper-Palladium Project in Northwestern Ontario, responsible for detailed engineering, procurement, construction management and related project services. The parties will advance into detailed design and execution readiness under a Limited Notice to Proceed while finalizing the EPCM contract, in parallel with project
CorporateGeneration Mining Secures $750,000 Strategic Investment from Biigtigong Nishnaabeg
Biigtigong Nishnaabeg First Nation acquired 1,041,666 units of Generation Mining at $0.72 per unit for gross proceeds of approximately $750,000, on identical terms to the Company's bought deal financing that closed on January 15, 2026. Each unit consists of one common share and one-half warrant exercisable at $1.00 for 24 months. Net proceeds are expected to advance the Marathon Copper Palladium P
FinancingGeneration Mining Strengthens Technical Leadership for the Marathon Copper-Palladium Project
Paul McRae and Jeremy Wyeth have been appointed Technical Advisors to support development, construction and future operation of Generation Mining's Marathon Copper-Palladium Project in Northwestern Ontario. Both are mining engineers with about 40 years of experience, including leadership roles on De Beers' Victor Mine; McRae also worked on Lundin Mining's Eagle Mine and is a director of Westhaven
ManagementGeneration Mining Closes Upsized "Bought Deal" Public Offering For Gross Proceeds Of Approximately $34.5 Million, Including Full Exercise Of Over-Allotment Option
An upsized bought-deal public offering closed for gross proceeds of $34,502,760, comprising 47,920,500 units at $0.72 per unit, including full exercise of the underwriters' over-allotment option. Each unit consists of one common share and one-half warrant exercisable at $1.00 until January 15, 2028; underwriters received a 6.0% cash commission, reduced to 3.0% on president's list sales. Directors
FinancingGeneration Mining Announces Upsize Of Bought Deal Financing To $30 Million
A previously announced bought deal financing has been upsized to 41,670,000 units at C$0.72 per unit for gross proceeds of C$30,002,400, with Stifel Canada as sole bookrunner. Each unit includes one common share and one-half warrant exercisable at $1.00 for 24 months, and the underwriters hold a 30-day over-allotment option for up to an additional 15% of the units sold. Proceeds will fund explorat
FinancingGeneration Mining Announces $20 Million Bought Deal Public Offering
A bought deal public offering of 27,780,000 units at $0.72 per unit for gross proceeds of $20,001,600 has been agreed with Stifel Nicolaus Canada Inc. as lead underwriter and sole bookrunner. Each unit includes one common share and one-half warrant exercisable at $1.00 for 24 months after closing, with a 15% over-allotment option available for 30 days. Proceeds will fund exploration and developmen
FinancingGeneration Mining Expands its Land Package at the Marathon District
Generation Mining has acquired 451 contiguous mining claims in the Marathon District in Marathon, Ontario, increasing its land package from 26,814 hectares (268 km2) to 36,398 hectares (364 km2), or about 36%, to 1,617 claims and 47 mining leases. Under the Martinet agreement for 236 claims (approximately 5,011.5 hectares), the company pays $100,000 initially plus three annual $100,000 payments. T
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