Generation Mining Ltd. is pleased to announce that at its annual shareholder meeting on July 11, 2019 shareholders voted over 99% in favour of all resolutions presented to the meeting, which included the election of the directors, the appointment of the Company's auditors, and the approval of the Company's stock option plan. At the Meeting [...]
Further to its press releases dated April 17, 2019, June 14, 2019 and June 25, 2019, Generation Mining Ltd. has, through a wholly-owned subsidiary, completed the acquisition of a 51% initial interest in the Marathon palladium project located near Marathon, Ontario, from Stillwater Canada Inc. , a wholly owned subsidiary of Sibanye Gold Limited [...]
Generation Mining Ltd. has signed an acquisition agreement with Sibanye Gold Ltd., trading as Sibanye-Stillwater, pursuant to which, on closing the Company will earn an initial 51-per-cent interest in Sibanye-Stillwater's Marathon PGM deposit located near Marathon, Ontario and form an unincorporated joint venture with Stillwater Canada Inc. The [...]
Further to its press release dated April 17, 2019, Generation Mining Ltd. announces that the exclusivity period for Gen Mining to acquire a majority interest in the Marathon Platinum Group Metals Ltd. Property in Ontario from Sibanye Gold Limited has been extended to June 28, 2019. On April 17, 2019, pursuant to a binding letter of intent between [...]
Generation Mining Ltd. is pleased to announce that it has completed its previously announced bought deal private placement of 28,572,000 subscription receipts at a price of C$0.28 per Subscription Receipt for aggregate gross proceeds of C$8,000,160 . The Offering was led by Haywood Securities Inc., on behalf of a syndicate of underwriters including [...]
Generation Mining Ltd. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. , as lead underwriter on behalf of a syndicate of underwriters including Canaccord Genuity Corp., PowerOne Capital Markets Limited and PI Financial Corp. , pursuant to which the Underwriters have agreed to purchase, on a “bought [...]
Generation Mining Ltd. is pleased to announce that it has signed a Letter of Intent with Sibanye Gold Limited, trading as Sibanye-Stillwater which allows the Company to earn an initial 51% interest in Sibanye-Stillwater’s Marathon PGM deposit located near Marathon, Ontario . The Property consists of 44 mining leases totaling 3,013 hectares [...]
Generation Mining Ltd. is pleased to announce that it has received Depository Trust Company eligibility making the Company’s stock more accessible for U.S. investors. Gen Mining’s common shares have been made eligible for book-entry delivery and depository services of the DTC to facilitate electronic settlement of transfers of its [...]
Generation Mining Ltd. is pleased to announce additional results from the 2018 airborne VTEMTM survey on the western portion of the Rawdon property in Nova Scotia, where 976 line kilometres of VTEMTM survey were flown in late 2018 . Map of central Nova Scotia showing the location of historic base metal, gold and gypsum mining. Generation Mining [...]
Generation Mining Ltd. is pleased to announce that all permits have been received for a sampling program on the Alberta Zinc property near High Level, Alberta, and that work will commence next week. The program is designed to pinpoint the source of a 4,000-square-kilometre zinc in till anomaly, as manifested by the presence of sphalerite grains [...]
Generation Mining Ltd. is pleased to announce initial results from the 2018 airborne VTEM survey, part of the base metals exploration program in central Nova Scotia. The program has identified a number of anomalies representing high-priority drill targets on the recently-staked Rawdon East property. A 222 line-km VTEM survey, completed in [...]
Generation Mining Ltd. is pleased to announce continuing interpretation of results from the summer Magnetotelluric program at its Darnley Bay property near Paulatuk, Northwest Territories. The property is underlain by the Darnley Bay Anomaly which is the largest currently known gravity and magnetic anomaly in North America . The program has had the [...]
