Generation Mining Restarts the Environmental Assessment and Regulatory Review Process
GENERATION MINING RESTARTS THE
ENVIRONMENTAL ASSESSMENT AND
REGULATORY REVIEW PROCESS
Toronto, Ontario – June 11, 2020 – Generation Mining Limited (CSE:GENM) (“Gen Mining”,
“Generation”, or the “Company”) is pleased to announce the Company has restarted the
Environment Assessment (EA) review and approval process for the Marathon Project with the
Federal and Provincial Government Agencies. This is being done in parallel with the initiation
of a feasibility study.
Jamie Levy, President and Chief Executive Officer of Generation Mining, commented: “We are
very fortunate that the previous operators spent significant time effort and money on previous
environmental studies and developing working relationships with the various governmental
agencies. This previous investment should help us in reducing time and money for our
shareholders and ensure appropriate consultation with communities of interest. Initial meetings
with various government agencies have been positive. Early indications are that they will do
what they can to speed up the permitting process as they all realize a new mine will create
numerous jobs for the town of Marathon and surrounding communities which will be needed
more than ever in the wake of the pandemic.”
The initial Environmental Assessment process was initiated by the prior operator (Stillwater
Canada) of the Marathon Project in 2012 and was put on hold in January 2014. At that point in
time the Canadian Environmental Assessment Agency and the Joint Review Panel (JRP) had
reviewed the Environmental Impact Statement (EIS) report and supporting technical reports and,
determined that the material was sufficient to proceed to the public hearing stage. At that time,
the JRP timeline to complete the EA process was approximately 6 months. In September 2019,
the Company received confirmation from the government that the Marathon Project will remain
subject to the requirements of the Canadian Environmental Assessment Act (2012) and the
Ontario Environmental Assessment Act (1990) and the process could be restarted. The Company
does not expect the permitting process to be delayed by the Covid-19 Pandemic.
The Company has now commenced the process to restart the Environmental Assessment
approval process and to complete an EIS Report Addendum. At a high-level, the steps that are
required to commence the process are as follows: i) update and confirm existing baseline studies,
ii) capture and model the optimizations being progressed in the Feasibility Study work, iii)
document these conclusions in the EIS Report addendum, iv) undertake the JRP hearings..
To assist with the permitting program, the sustainability team at Generation Mining is being
supported by Stantec, a global engineering consulting firm which will lead the EA process and
EIS report addendum update; Knight-Piesold, to lead the tailing facility designs; EcoMetrix, to
undertake geochemistry, aquatics, water quality modelling; and Northern BioScience to progress
the monitoring of species at risk and terrestrial studies on the property.
In parallel and a critical component of the Environmental Assessment process, the Company
continues communication and engagement with the local Indigenous communities, Métis groups
and the Town of Marathon, Ontario, with the goal to inform and further develop the already
positive long-term relationships that ensure mutual benefit to these communities and the project.
On the EA process, the estimated timelines for the key milestones are: completion of the EIS
Report addendum and sitting of the Joint Review Panel (Q1, 2021) and the completion of the
JRP Process including a JRP recommendation to federal and provincial ministers (Q4, 2021).
About the Marathon Palladium Project
The Marathon Deposit is the largest undeveloped platinum group metal Mineral Resource in
North America. The Marathon Property covers a land package of approximately 22,000 hectares,
or 220 square kilometres. Generation Mining acquired a 51% interest in the Marathon Property
from Sibanye Stillwater on July 10, 2019 and can increase its interest to 80 per cent by spending
$10 million over a period of four years. As of Q1, 2020, approximately $4 million of the $10
million has already been spent. Sibanye Stillwater has certain back-in rights that can bring its
interest in the Property back to 51 per cent after such time as Generation Mining has earned its
80-per-cent interest (see the company's press release of July 11, 2019, for more details).
For further information please contact:
Jamie Levy
President and Chief Executive
Officer
(416) 640-2934
(416) 567-2440
Forward-Looking Information
This news release includes certain information that may be deemed “forward-looking information” under
applicable securities laws. All statements in this release, other than statements of historical facts, that
address acquisition of the Property and future work thereon, Mineral Resource and Reserve potential,
exploration activities and events or developments that the Company expects is forward-looking
information. Although the Company believes the expectations expressed in such 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
results of the Company’s due diligence investigations, market prices, exploration successes, continued
availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the forward-looking information.
For more information on the Company, investors are encouraged to review the Company’s public filings
at www.sedar.com. 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.