Generation Mining Appoints Clinton Swemmer VP, Projects to Advance Marathon Copper-Palladium Project
Generation Mining Appoints Clinton Swemmer VP, Projects to Advance
Marathon Copper-Palladium Project
TORONTO--(BUSINESS WIRE)--October 9, 2025--Generation Mining Limited (TSX:GENM)
(OTCQB: GENMF) ("Generation Mining" or the "Company") is pleased to announce that
Clinton Swemmer, P.Eng, has joined the Company as Vice-President, Projects.
Mr. Swemmer is a highly accomplished engineering and project delivery executive with more
than 25 years of experience across the mining and metals sector, making high-level contributions
to more than 40 projects across Africa, Asia and the Americas. He has also held senior leadership
positions with top-tier mining companies and global engineering consultancies, including Wood
(Canada), Ausenco and DRA where he operated under both EPCM and EPC frameworks. While
at DRA in Africa, Clinton worked on several large PGM projects including processing plants at
Ngezi Mine and Mimosa mine in Zimbabwe and on Two Rivers and Everest South in South
Africa. Whilst at LionOre (purchased by Norilsk Nickel) he was involved with both Phoenix
Mine, a Copper Nickel cobalt PGM mine and Nkomati Mine, a Copper Nickel Cobalt PGM
chrome mine.
His expertise spans the entire project lifecycle—from early-stage scoping, permitting, and
feasibility studies to detailed engineering, construction, and operational handover, where his
strengths were creative improvements and timely execution. Mr. Swemmer has successfully led
multi-disciplinary teams on projects exceeding $3 billion in capital value, across a diverse range
of commodities both in Canada and globally.
Jamie Levy, President & CEO of Generation Mining, stated, “We are extremely pleased to
welcome Clinton to the Generation Mining team. His initial focus will be on developing a project
execution plan, advanced planning for detailed engineering, and supporting the project
financing team. Clinton will also start planning for the build out of a full construction owners
team using his vast network of industry connections.”
Clinton holds a First-Class Honours degree in Civil Engineering from the University of
Hertfordshire, is a licensed Professional Engineer (P. Eng.) in Ontario, and an active Project
Management Professional (PMP) with the Project Management Institute.
About the Company
Generation Mining’s focus is the development of the Marathon Project, a large undeveloped
copper-palladium deposit in Northwestern Ontario. The Marathon Property covers a land
package of approximately 26,000 hectares, or 260 square kilometers. Generation Mining is
dedicated to fostering a greener future by promoting sustainability, empowering communities,
and delivering value to our stakeholders.
The Feasibility Study (the “Technical Report”) estimated a Net Present Value (using a 6%
discount rate) of C$1.07 billion, an Internal Rate of Return of 28%, and a 1.9-year payback based
on the 3-yr trailing average metal prices at the effective date of the Technical Report. Over the
anticipated 13-year mine life, the Marathon Project is expected to produce 2,161,000 ounces of
palladium, 532 million lbs of copper, 488,000 ounces of platinum, 160,000 ounces of gold and
3,051,000 ounces of silver in payable metals. For more information, please review the Feasibility
Study filed under the Company's profile at www.sedarplus.ca or on the Company's website at
https://genmining.com/projects/feasibility-study/.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by
Daniel Janusauskas, P.Eng., Technical Services Manager of Generation PGM Inc., a wholly
owned subsidiary of the Company, and a Qualified Person as defined by Canadian Securities
Administrators National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Forward-Looking Information
This news release contains certain forward-looking information and forward-looking statements,
as defined in applicable securities laws (collectively referred to herein as “forward-looking
statements)”. Forward-looking statements reflect current expectations or beliefs regarding
future events or the Company’s future performance. All statements other than statements of
historical fact are forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of words such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”,
“intends”, “anticipates”, “targets” or “believes”, or variations of, or the negatives of, such
words and phrases or state that certain actions, events or results “may”, “could”, “would”,
“should”, “might” or “will” be taken, occur or be achieved, including statements relating to the
including statements relating to projected capital and operating costs (including the AISC); the
timing and volume of payable metal production and revenues; and the economic analysis and
results (including NPVs and payback periods).
Although the Company believes that the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in the
statements. There are certain factors that could cause actual results to differ materially from
those in the forward-looking information. These include the timing for a construction decision;
the progress of development at the Marathon Project, including progress of project expenditures
and contracting processes, the Company’s plans and expectations with respect to liquidity
management, continued availability of capital and financing, the future prices of palladium,
copper and other commodities, permitting timelines, exchange rates and currency fluctuations,
increases in costs, requirements for additional capital, and the Company’s decisions with respect
to capital allocation, inflation, global supply chain disruptions, global conflicts, including the
wars in Ukraine and Israel, the project schedule for the Marathon Project, key inputs, staffing
and contractors, continued availability of capital and financing, uncertainties involved in
interpreting geological data and the accuracy of mineral reserve and resource estimates,
environmental compliance and changes in environmental legislation and regulation, the
Company’s relationships with Indigenous communities, results from planned exploration and
drilling activities, local access conditions for drilling, and general economic, market or business
conditions, as well as those risk factors set out in the Company’s annual information form for the
year ended December 31, 2024, and in the continuous disclosure documents filed by the
Company on SEDAR+ at www.sedarplus.ca.
Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may
affect forward-looking statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The forward-looking statements in this news release speak only as
of the date of this news release or as of the date or dates specified in such statements. The
Company disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, other than as
required by law. For more information on the Company, investors are encouraged to review the
Company’s public filings on SEDAR+ at www.sedarplus.ca.
Contacts
For further information, please contact:
Jamie Levy
President and Chief Executive Officer
(416) 640-2934 (O)
(416) 567-2440 (M)