Generation Mining Welcomes Appointment of Federal - Provincial Environmental Review Panel for Marathon Project
November 17 2020 - 9:40AM
Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining”
or the “Company”) welcomes the recent announcement by the
Government of Canada and the Province of Ontario of the appointment
of the Joint Review Panel (JRP) to conduct the environmental
assessment of the Company’s Marathon Palladium and Copper Project
in Northwestern Ontario.
“Generation Mining and all of our stakeholders look forward to
supporting the panel members and both governments as they complete
their review of our project in a timely manner. As always, our
priority is to ensure that we contribute to a meaningful and
collaborative consultation process as the Project comes to
fruition,” said Jamie Levy, President and Chief Executive Officer
of the Company.
“This Project will bring direct economic benefits to the town of
Marathon, the surrounding communities, and Indigenous groups in
Northern Ontario. It will also give Canada a strategic position in
a globally competitive mineral market for palladium and copper,
both essential to Canada’s green economy,” concluded Levy.
About Generation Mining Limited
Gen Mining’s focus is the development of the Marathon
Palladium-Copper Project, the largest undeveloped platinum group
metal Mineral Resource in North America. The Marathon property
covers a land package of approximately 22,000 hectares, or 220
square kilometres. Gen Mining acquired a 51% interest in the
Marathon Project from Sibanye Stillwater in 2019 and is in the
process of increasing that ownership to 80%. A feasibility study
was started in the second quarter of 2020 with completion expected
in the first quarter of 2021.
For further information please contact:
Jamie LevyPresident and Chief ExecutiveOfficer(416)
640-2934(416) 567-2440jlevy@genmining.com
Forward-Looking Information
This news release includes certain information that may be
deemed “forward-looking information” under applicable securities
laws. All statements in this release, other than statements of
historical facts, that address the ability of the Company and
Sibanye Stillwater to vary their respective participating interests
in the Marathon Property, Mineral Resource and Reserve potential,
exploration activities and events or developments that the Company
expects is forward-looking information. Although the Company
believes that the expectations expressed in such statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in the statements. There are certain factors
that could cause actual results to differ materially from those in
the forward-looking information. These include, among other
factors, market prices, exploration successes, continued
availability of capital and financing, and general economic, market
or business conditions.
Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking
information. For more information on the Company, investors are
encouraged to review the Company’s public filings at www.sedar.com.
The Company disclaims any intention or obligation to update or
revise any forward- looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
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