Generation Mining Appoints Kyle Kuntz to Board of Directors Strengthening Development and Construction Expertise
Generation Mining Appoints Kyle Kuntz to Board of Directors Strengthening
Development and Construction Expertise
TORONTO--(BUSINESS WIRE)--July 15, 2025--Generation Mining Limited
(TSX:GENM)(OTCQB: GENMF) ("Generation Mining" or the "Company") is pleased to
announce the appointment of Kyle Kuntz to its Board of Directors.
Mr. Kuntz is a mining project executive with over a decade of experience leading large-scale
mining developments across North America. He currently holds the position of Vice President,
Projects at Equinox Gold Corp. Before joining Equinox, he served as Director, Projects at
Marathon Gold Corp., where he remained through its acquisition by Calibre Mining and the
subsequent merger with Equinox. During his tenure at Calibre, he was responsible for overseeing
the construction of the Valentine Gold Project. Earlier in his career, he held key roles with JDS
Energy & Mining Inc., the Nuna Group of Companies, and Stantec. Mr. Kuntz brings deep
expertise in transforming mineral projects from feasibility studies into operational assets, with a
focus on project management, engineering leadership, procurement strategies, and construction
execution.
“We are delighted to welcome Kyle to our Board of Directors,” said Kerry Knoll, Chairman of
Generation Mining. “His leadership at the Valentine Gold Project and his deep understanding of
the technical, regulatory, and stakeholder engagement processes will strengthen our Board as we
advance our Marathon Copper-Palladium Project toward construction. His hands-on experience
guiding a major Canadian mining project through construction brings added technical capacity to
our Board as Generation Mining enters its next phase of growth.”
“I’m excited to join the Generation Mining Board and contribute to the advancement of the
Marathon Project,” said Mr. Kuntz. “With the growing importance of critical minerals like
copper and palladium, this project is strategically positioned to play a key role in Canada’s
resource future.”
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)