Generation Mining Announces Filing of Environmental Impact Statement

TORONTO, April 21, 2021 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce the submission of the Environmental Impact Statement (“EIS”) Addendum – Volume 2 for the Marathon Palladium Copper Project (the “Project”). 

The EIS provides an outline and analysis of key elements of the Project design, the environmental, economic and social components along with the mitigation, controls and benefits that will be present over the life-cycle of the Project from construction to final closure. The Project is being assessed in accordance with the Canadian Environmental Assessment Act (CEAA, 2012) and Ontario’s Environmental Assessment Act through a Joint Review Panel (“JRP” or “Panel”). The JRP is a single Environmental Assessment (“EA”) process that is harmonized with the Federal and Ontario provincial governments.

The Company submitted the EIS Addendum in two parts with the initial volume issued on January 7, 2021, and the final volume on April 16, 2021. The submission of the EIS along with the recently published Feasibility Study (see news releases on 3 March 2021 and 25 March 2021) will officially start the regulatory clock of the JRP. The JRP process allows for 271 days for the Panel to review the EIS, collect public comments and hold public hearings following which the Panel will submit its EA report with recommendations to the federal and provincial Ministers of Environment for their final decision. In this process, the federal government agency (“Impact Assessment Agency of Canada“ or “IAAC”) will recover applicable expenses relating to the JPR process.

“With the release of our Feasibility Study earlier in March this year and fulsome EIS document, the full value of our advanced Palladium Copper Project outside the Town of Marathon, Ontario is one step closer to being realized,” said Jamie Levy, Chief Executive Officer of Gen Mining. “This Project will add overall benefit to the communities in Northwestern Ontario with employment and training and will help the regional economic recovery following the pandemic.”

The Panel is inviting public comment for a period until June 27, 2021. This phase of the process is to give members of the public, Indigenous groups, governments and other participants an opportunity to submit their views of the EIS Addendum.  The Company encourages stakeholders to participate by reviewing and providing comments to support the JRP process. Access to the EIS documents is available on the Company’s website with comments for the Panel to be posted at the IAAC site: https://iaac-aeic.gc.ca/050/evaluations/proj/54755