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Generation Mining Ltd (GENMF) is a mineral exploration and development company focused on advancing the Marathon Palladium project in Northwestern Ontario, Canada. The company's primary goal is to become a low-cost, large-scale producer of palladium. With a strong management team and strategic partnerships, Generation Mining is well-positioned to capitalize on the increasing demand for palladium in the industrial sector.
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Generation Mining (TSX:GENM) extends the Biiwobik Zone by 150 meters, intersecting 8.0 meters of 3.06% CuEq 350 meters north of Marathon Deposit. The positive results include high-grade copper and palladium group metals, confirming the presence of higher copper mineralization and potential for extending the mine life and average copper grade.
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Generation Mining Limited (GENMF) has signed a contract for exploration drilling on high-prospectivity copper targets near its Marathon Palladium-Copper Project in Ontario. The program aims to extend the mine's life and define potential new pits. The 2024 drilling program will focus on the Biiwobik, Four Dams, and Sally prospects, targeting mineralization extensions and high-grade deposits. Gen Mining also plans field programs and AI analysis to guide future exploration.
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Generation Mining Limited (GENMF) to present at key conferences including BMO Global Metals, Mining & Critical Minerals Conference and PDAC 2024.
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Generation Mining Limited (TSX:GENM) is hosting a review of key milestones achieved in 2023 on Thursday, December 14, 2023, at 1:00 pm ET. The review will cover major permitting milestones, progress on financing, and insights into the current palladium and copper markets. The event will also provide an outlook for investors in 2024.
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Generation Mining Limited (GENM)(GENMF) has received the Permit to Remove for the Marathon Palladium-Copper Project in Ontario, marking significant progress in the permitting process. The company has also obtained the Endangered Species Act Permit and Environmental Compliance Approval for air and noise emissions, with more permits and approvals expected in 2023.
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Generation Mining Limited (GENM) successfully closed a 'bought deal' public offering, raising C$15,097,200 in gross proceeds. The Offering included a lead order of C$5,000,000 of Units from Wheaton Precious Metals Corp. and participation by existing shareholders. The net proceeds from the sale of the Units will be used for the development of the Company’s Marathon Palladium-Copper Project and for working capital and general corporate purposes. The gross proceeds from the sale of the FT Units will be used by the Company to incur eligible 'Canadian Exploration Expenses' related to the Company's Marathon Palladium-Copper Project in Ontario. Insiders of the Company participated in the Offering, which was considered a 'related party transaction' pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101').
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Generation Mining Limited (GENM) has closed the sale of its rights and interests in the Davidson Property to Moon River Capital Ltd. for $630,000 in cash and 9.0 million common shares. The company holds approximately 27.3% of the issued and outstanding Common Shares and has the right to appoint a director to the Board of Moon River.
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Generation Mining Limited has announced the acceptance and filing of the Closure Plan for the Marathon Palladium-Copper Project by the province of Ontario. This marks a significant milestone in the permitting process for the project, with the company making progress on obtaining various permits and approvals, including the Endangered Species Act Permit and Environmental Compliance Approval. President and CEO Jamie Levy expressed gratitude for stakeholder support, emphasizing the project's value as a strategic asset containing critical metals for emissions control and the transition to a greener economy.
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Generation Mining sells rights to acquire mineral leases for $630,000 and 9.0 million common shares to Moon River Capital Ltd.
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Generation Mining Limited (TSX:GENM)(OTCQB: GENMF) to attend Precious Metals Summit and Gold Forum Americas in September 2023.
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FAQ
What is the current stock price of GENERATION MINING (GENMF)?
The current stock price of GENERATION MINING (GENMF) is $0.104 as of December 20, 2024.
What is the market cap of GENERATION MINING (GENMF)?
The market cap of GENERATION MINING (GENMF) is approximately 28.0M.
What is Generation Mining Ltd's main focus?
Generation Mining Ltd is primarily focused on advancing the Marathon Palladium project in Northwestern Ontario, Canada.
Where is Generation Mining Ltd located?
Generation Mining Ltd is headquartered in Toronto, Ontario, Canada.
What is the goal of Generation Mining Ltd?
The company's primary goal is to become a low-cost, large-scale producer of palladium.
Who leads Generation Mining Ltd?
Generation Mining Ltd is led by a strong management team with extensive experience in the mining industry.
What makes Generation Mining Ltd unique?
Generation Mining Ltd stands out for its strategic partnerships and focus on emerging opportunities in the palladium market.
What is the significance of the Marathon Palladium project?
The Marathon Palladium project is key to Generation Mining Ltd's growth strategy, aiming to capitalize on the increasing demand for palladium.
How is Generation Mining Ltd contributing to the mining industry?
Generation Mining Ltd is driving innovation in the mining sector by prioritizing sustainable practices and responsible resource development.
What are Generation Mining Ltd's key strengths?
The company's strengths lie in its strong management team, strategic partnerships, and commitment to operational excellence.
What is the latest update from Generation Mining Ltd?
Stay tuned for the latest news and developments as Generation Mining Ltd continues to progress towards becoming a leading palladium producer.
How can I invest in Generation Mining Ltd?
Investors can purchase shares of Generation Mining Ltd under the symbol GENMF on the stock market and follow the company's progress towards achieving its goals.
GENERATION MINING LTD
OTC:GENMF
GENMF Rankings
GENMF Stock Data
28.01M
187.54M
20.36%
8.69%
Other Industrial Metals & Mining
Basic Materials
United States of America
Toronto