Generation Mining

Generation Mining Announces Changes to Board of Directors
May 20, 2025

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“ Gen Mining ” or the “ Company ”) is pleased to announce the appointment of Ms. Rebecca Hudson to the Company’s Board of Directors. Ms. Hudson has also been appointed the independent Chair of the Audit Committee. In addition, Mr. Stephen Reford has been appointed as the Company’s independent Lead Director. Ms. Hudson and Mr. Reford’s appointments fill the vacancies which arose upon the untimely passing of Mr. Paul Murphy at the end of last year. The Company also announces that Mr. Cashel Meagher, who recently assumed the role of Chief Executive Offer of Capstone Copper Corp. has notified the Board that with his new responsibilities he will not be standing for re-election at the upcoming annual meeting of shareholders on June 24, 2025. The Board intends to seek a replacement for Mr. Meagher and expects to appoint a new director at a later date as permitted in accordance with the Company’s by-laws and applicable laws.

Kerry Knoll, Chairman of Board remarked: “On behalf of the Board, I would like to extend my sincere thanks to Cashel for his contributions to Generation Mining since he joined the Board in 2020. He has been an outstanding director, who has contributed his extensive operational knowledge and experience to our governance and oversight of the Company. We wish him great success in his leadership role at Capstone. The Board is also pleased to welcome Ms. Hudson and to nominate her to stand for election to our Board in June. Ms. Hudson’s financial skills and experience will be a valuable addition to our Board as we navigate the transition from a mineral developer to a producer, and as we continue to pursue permitting and financing of our Marathon Project.”

Ms. Hudson is a Chartered Professional Accountant with over 25 years’ experience in accounting and financial reporting, corporate finance, risk management, financial audit and corporate governance. She currently serves as the CFO of Restart Life Sciences Corp., Signature Resources Ltd., Energy Plug Technologies Corp., and a private drilling company, Andean Drilling Services Inc. Prior to that Ms. Hudson was a principal consultant with Grove Corporate Services and was the founder of a zero-waste products company. Ms. Hudson has held managerial positions at mining companies Xstrata, and Falconbridge, completed project-based work for IAMGOLD at its offices in Quito, Ecuador, and was the Controller of Royal Nickel Corporation, and Barkerville Gold Mines Ltd. Ms. Hudson formerly served as the CFO of TerrAscend Corp., Hornby Bay Mineral Exploration Ltd., Wabi Exploration Inc., Lithium One Inc., and Claim Post Resources Inc. She also worked as a senior auditor with firms Grant Thornton LLP in Toronto, Canada, and PricewaterhouseCoopers in the Dominican Republic. Ms. Hudson has both her Bachelor of Arts and Master’s Degrees from the School of Accountancy at the University of Waterloo. She is fluent in English and Spanish.

https://genmining.com/news/2025/...nces-changes-to-board-of-di-10132/  

Final Construction Permit Received for Marathon Project - Canada's Next Major Shovel-Ready Critical Mineral Project
May 22, 2025

Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that it has received the final key permit required for the construction of the Marathon Copper-Palladium Project (“Marathon Project”) in Northwestern Ontario. The Environmental Compliance Approval – Industrial Sewage Works (ECA-ISW) has been received from the Ontario Ministry of Environment, Conservation and Parks for the management and discharge of water for the construction phase of the Marathon Project.

Jamie Levy, President and CEO of Generation Mining, commented, “With this final permit, Generation believes that the Marathon Project will be a major step forward in securing domestic supplies of copper and palladium – essential elements for clean energy and advanced technologies. The completion of construction permitting was one of our key objectives for this year, and securing construction financing is now the final milestone to be able to move the Marathon Project forward. With a shovel-ready plan and strong community support, the Marathon Project has the potential to deliver critical minerals, create skilled jobs and strengthen the Canadian supply chain for a more resilient future.”

Ruben Wallin, Vice President Sustainability, noted “The receipt of the ECA-ISW marks the completion of the construction phase approvals process for the Project. The Company greatly appreciates the Indigenous communities, the Town of Marathon, and the federal and provincial government agencies that were involved in the process over the past 5 years. The Company would also like to recognize the hard work and dedication of our employees and consultants, present and past, in achieving this significant milestone for the Project.”

https://genmining.com/news/2025/...it-received-for-marathon-pr-10141/
 

Generation Announces Receipt of Support Letter for up to $200 Million from leading Financial Lender

May 23, 2025

Toronto, Ontario – 23 May 2025 – Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce receipt of a support letter from a leading Canadian financial institution stating its interest to provide up to $200 million in a new long-term credit facility for the Marathon Copper-Palladium Project (the “Marathon Project”), which would be in addition to the senior secured project finance facility to be arranged with the mandated senior lenders.

Jamie Levy, President and CEO, commented: “This support letter, along with a recent extension from our mandated senior lenders, demonstrates the continued interest of lenders to get the Marathon Project built and into production. We also continue to have access to $200 million of construction financing through our metals streaming agreement with Wheaton Precious Metals Corp., and we continue to have discussions with other corporate, institutional and retail investors, along with other alternative equity providers, to raise the remaining equity or subordinated financing required for construction in the least dilutive manner possible. We look forward to providing further updates when available.”

https://genmining.com/news/2025/...ion-from-leading-financial-lender/  

Province of Ontario identifies Marathon Project as Shovel-Ready Strategic Mineral Project for Investment
June 6, 2025

Toronto, Ontario – 6 June 2025 – Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (“Gen Mining” or the “Company”) thanks the Province of Ontario for urging the federal government to invest in shovel-ready strategic mineral projects, including our Marathon Copper-Palladium Project (the “Marathon Project”), that are critical to building a secure domestic supply chain. In connection with the ongoing dialogue between the Province of Ontario, the Government of Canada, and other provincial and territorial governments, on June 5, 2025 Ministers Stephen Lecce, Mike Harris, and Greg Rickford, and Associate Ministers Kevin Holland and Sam Oosterhoff of Ontario, issued an open letter to the federal Minister of Energy and Natural Resources, Tim Hodgson, identifying priority projects for Ontario, and remarked: “Building on the investments in the Ring of Fire and the critical minerals supply chain we urge the federal government to invest in shovel-ready strategic mineral projects that are critical to building a secure, domestic supply chain including…Generation Mining’s Marathon Project.”

Jamie Levy, President and CEO, commented: “I’d like to thank the Government of Ontario for their strong and ongoing support for the Marathon Project. We have maintained a very good relationship with the federal government throughout our environmental assessment and permitting process, and we continue to see strong indications of support from federal departments and agencies. Now that we are fully permitted for construction, the last hurdle is bringing together the necessary funding to build our mine and commence production. The Marathon Project promises to be a significant contributor to Canada’s critical mineral supply chain, as well as the local, regional and national economies. We look forward to bringing this project to fruition with continued encouragement from the provincial and federal governments.”

https://genmining.com/news/2025/...ic-mineral-project-for-investment/