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Bullboard - Stock Discussion Forum
Generation Mining Ltd
T.GENM
Alternate Symbol(s):
GENMF
Metals & Mining
Industrial Metals & Minerals
Generation Mining Limited is a Canada-based exploration and development stage company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Company also has a number of other exploration...
properties located in Canada. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver.
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TSX:GENM - Post Discussion
Generation Mining Ltd
> Kerry update - from CEO.ca
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KIMAUI
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Post by
KIMAUI
on Mar 14, 2023 3:33pm
Kerry update - from CEO.ca
@petelazier
Hi Pete, I hear you. No significant news in several months. Its not for lack of trying. We are working hard to update the 2021 feasibility study with both scope changes resulting from detailed engineering and inflation. Most of our other efforts, other than permitting, stem from that updated report (expected within a few weeks). Our main focus right now is the banking syndicate (going well), identifying and negotiating for equipment (going well). We are also speaking with several government agencies regarding funding made available under various critical minerals initiatives. We are the next critical minerals project slated to go ahead in Canada. We also continue to speak with several private equity funds regarding creative non-dilutive financings. And we are close on announcing offtake agreements. Permits are slower than hoped, partly due to our own consultants. The governments involved have promised to expedite these, we'll see. So, expect a strong news flow over the next couple of months and hopefully initial construction starting in the summer or fall. I hope that helps. Cheers, Kerry
@petelazier
Hi Pete, I hear you. No significant news in several months. Its not for lack of trying. We are working hard to update the 2021 feasibility study with both scope changes resulting from detailed engineering and inflation. Most of our other efforts, other than permitting, stem from that updated report (expected within a few weeks). Our main focus right now is the banking syndicate (going well), identifying and negotiating for equipment (going well). We are also speaking with several government agencies regarding funding made available under various critical minerals initiatives. We are the next critical minerals project slated to go ahead in Canada. We also continue to speak with several private equity funds regarding creative non-dilutive financings. And we are close on announcing offtake agreements. Permits are slower than hoped, partly due to our own consultants. The governments involved have promised to expedite these, we'll see. So, expect a strong news flow over the next couple of months and hopefully initial construction starting in the summer or fall. I hope that helps. Cheers, Kerry
(347)
•••
Specific
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Comment by
Specific
on Mar 14, 2023 5:54pm
Closing ask is once again .69 it's going to get hit one of these days
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