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Bullboard - Stock Discussion Forum 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... see more

TSX:GENM - Post Discussion

Generation Mining Ltd > GENM is on the Pentagon's wishlist
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Post by AGTCTTWW on Nov 30, 2022 11:02am

GENM is on the Pentagon's wishlist

I was both thrilled that Generation was added to the list sent to the Pentagon for potential US Army investment/grant, but also wondering at the time whether this could be a reason to hold things up until a grant was all worked out.

Skip to the last paragraph:
https://www.northernminer.com/news/u-s-military-to-assess-canada-critical-minerals-projects-for-funding-but-none-approved-yet/1003848675/

An agreement for free money from the US Army could be a reason to hold things up, and not a bad one for investors.  Free money is free money, here's hoping and I have time.

At this point, I might actually prefer for GENM to announce everything all at once in January when the market picks up.
Comment by Supertweety on Nov 30, 2022 12:00pm
That's one of about a dozen possible reasons GENM hasn't announced a financing deal. They have dozens of nondisclosure agreements on their desk right now. Management has to be careful about what they say to the public. We can just speculate. Several of the nondisclosure agreements could be buyout proposals by larger mining companies that want the ink dry on Government approval and no other ...more  
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