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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

Post by laroplexon Sep 02, 2023 12:13pm
196 Views
Post# 35617482

There’s room for bats and caribou at this Marathon mineThere

There’s room for bats and caribou at this Marathon mineThere

There’s room for bats and caribou at this Marathon mineThere’s room for bats and caribou at this Marathon mine

Generation Mining pockets a key permit to create bat and caribou habitat on Superior's north shore
generation-mining-landscape-2
(Generation Mining photo)

Marathon mine developer Generation Mining has pocketed a key permit that will allow caribou and bat species to survive and thrive near its proposed open-pit mine on the north shore of Lake Superior.

The Toronto company said in a news release that an Endangered Species Act permit was issued by the Ministry of the Environment, Conservation and Parks to mprove habitat for Boreal caribou and bat species, the latter involving Little Brown Myotis, Northern Myotis and Tri-coloured bats  (“SAR bats”). All are considered species at risk.

The permit sets up conditions to minimize impacts of the mine development and operation for caribou and bats, and create an environment that will benefit these species.

The proposed open-pit copper and palladium mine will be 10 kilometres north of Marathon, just off the Trans-Canada Highway.

Construction on the $1.1-billion project could begin early next year with pre-production and mine commissioning tentatively scheduled for mid-2025.

Gen Mining is waiting on another critical permit, the approval of a mine closure plan, in order to start the prep work for a 24-month construction period by the end of this year. Last year, the federal and provincial government both signed off on the project’s environmental assessment. 

In a release this week, the company credited its neighbours, Biigtigong Nishnaabeg and other Indigenous communities, for their assistance on securing this permit. Their members will be involved in a stewardship program that involves restoration of habitat, research projects, and monitoring of the population. Bats will have an hibernaculum and roosting structures. 

Ruben Wallin, Gen Mining’s vice president of sustainability, said Biigtigong Nishnaabeg was instrumental in sharing its traditional knowledge, along with its caribou stewardship plan, used in the development of the permit.

Chief Duncan Michano added: “Biigtigong Nishnaabeg’s plan is designed to establish a secure and self-sustaining population of Boreal caribou in the area centred on the northeast portion of Lake Superior – the area encompassed by the project and Biigtigong Nishnaabeg's exclusive Aboriginal title area."

Company president-CEO Jamie Levy thanked the First Nation leadership for their guidance in securing the permit and provincial Environment Minister David Piccini and his staff  “who made this (permit) application a priority” in providing their expertise in developing the permit.

 
 

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