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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development 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 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.


TSX:GENM - Post by User

Comment by oilsydon Jul 17, 2021 4:56pm
134 Views
Post# 33565609

RE:Is it 100% certain

RE:Is it 100% certainIt is absolutely certain that if they want to exercise their right to own 51% of the project by paying only 31 % of the mine development, they must do so by Thursday.  If they say nothing, they are stuck at 20% with operational control going to GENM.

Other options such as buying the mine outright or selling their stake in the mine continue regardless but buying in after the deadline could become more expensive for them if they have to compete with other companies to increase their stake in the mine.
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