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Generation Minin - GENMF STOCK NEWS

Welcome to our dedicated page for Generation Minin news (Ticker: GENMF), a resource for investors and traders seeking the latest updates and insights on Generation Minin stock.

Generation Mining Limited (GENMF) delivers essential updates on mineral exploration and sustainable resource development through this dedicated news hub. Investors and industry observers will find timely announcements covering operational milestones, financial disclosures, and strategic initiatives within the mining sector.

This centralized resource provides verified press releases and objective reporting on GENMF's activities, including project advancements, partnership agreements, and technological innovations in mineral extraction. Regular updates ensure stakeholders maintain informed perspectives on the company's progress in copper, palladium, and other critical mineral ventures.

Key content categories include quarterly earnings reports, environmental compliance updates, resource estimate revisions, and leadership announcements. All materials adhere to strict factual accuracy standards, offering reliable insights into the company's operational and financial trajectory.

Bookmark this page for direct access to GENMF's official communications and third-party analyses. Check regularly for developments impacting the company's position in North American mining markets and its role in supplying energy transition metals.

Rhea-AI Summary
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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Generation Mining receives invitation to submit Closure Plan for Marathon Palladium-Copper Project
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Generation Mining receives Endangered Species Act permit for caribou and bats, includes conditions for habitat restoration and monitoring
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Generation Mining Limited has secured a mandate letter to arrange a senior secured project finance facility of up to US$400 million to fund the construction and development of its Marathon Palladium-Copper Project in Ontario, Canada. Export Development Canada, ING Capital, and Societe Generale will act as the Mandated Lead Arrangers. The closing of the facility is targeted for the third quarter of 2023.
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Generation Mining Limited (GENMF) has announced the completion of an updated Feasibility Study (2023 FS) for its Marathon Palladium-Copper Project in Northwestern Ontario. The study reveals a robust after-tax Net Present Value (NPV) of $1.16 billion and an Internal Rate of Return (IRR) of 25.8%. Initial capital costs are projected at $1.112 billion, reflecting a 25% increase from the previous study. The mine is expected to produce an average of 166,000 oz of palladium annually, with a mine life of 12.5 years. The project is set to create over 800 construction jobs and 400 permanent positions, while also significantly contributing to local employment and economic growth.

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Generation Minin

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31.45M
188.28M
20.49%
0.58%
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