Generation Mining Welcomes Appointment of Federal - Provincial Environmental Review Panel for Marathon Project
Generation Mining Welcomes Appointment of Federal - Provincial
Environmental Review Panel for Marathon Project
TORONTO, Nov. 17, 2020 --
Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) welcomes the recent
announcement by the Government of Canada and the Province of Ontario of the appointment of the Joint Review Panel (JRP)
to conduct the environmental assessment of the Company’s Marathon Palladium and Copper Project in Northwestern Ontario.
“Generation Mining and all of our stakeholders look forward to supporting the panel members and both governments as they
complete their review of our project in a timely manner. As always, our priority is to ensure that we contribute to a meaningful
and collaborative consultation process as the Project comes to fruition,” said Jamie Levy, President and Chief Executive
Officer of the Company.
“This Project will bring direct economic benefits to the town of Marathon, the surrounding communities, and Indigenous groups
in Northern Ontario. It will also give Canada a strategic position in a globally competitive mineral market for palladium and
copper, both essential to Canada’s green economy,” concluded Levy.
About Generation Mining Limited
Gen Mining’s focus is the development of the Marathon Palladium-Copper Project, 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. Gen Mining acquired a 51% interest in the Marathon Project from Sibanye Stillwater in 2019 and is in
the process of increasing that ownership to 80%. A feasibility study was started in the second quarter of 2020 with completion
expected in the first quarter of 2021.
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 the ability of the Company and
Sibanye Stillwater to vary their respective participating interests in the Marathon Property, Mineral Resource and Reserve
potential, exploration activities and events or developments that the Company expects is forward-looking information. Although
the Company believes that 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, among other factors, 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.