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Generation Mining Announces Federal and Provincial Approval of the Marathon Project Environmental Assessment

Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that the Marathon Palladium Copper Project (the “Marathon Project”) was approved by the joint Federal and Provincial Environmental Assessment process. The Company will now proceed to obtain the necessary permits for construction and operation. The Honourable Steven Guilbeault, Federal Minister of Environment and Climate Change, and The Honourable David Piccini, Ontario Minister of the Environment, Conservation and Parks, each announced today that the Company’s Marathon Project may proceed, subject to conditions set out in the federal decision statement (the “Decision Statement”) and the provincial approval order (the “Approval Order”), respectively.

The Marathon Project involves the construction, operation, decommissioning, and remediation of three open pits to produce copper concentrate, consisting primarily of copper, palladium and platinum, critical minerals, an onsite ore processing facility, a 115 kV transmission line, an access road, a mine rock storage area, a process solids management facility, and a water management system, amongst other infrastructure.

The processing plant will operate at approximately 9.2 million tonnes of ore per year and produce approximately 87,000 tonnes of copper-concentrate annually. The concentrate will be delivered to a third-party facility for further downstream processing into refined critical minerals. Based on current mineral reserves, over its planned 13-year mine life the Marathon Project concentrate is expected to produce 1,905,000 ounces of palladium, 467 million lbs. of copper, 537,000 ounces of platinum, 151,000 ounces of gold and 2,823,000 ounces of silver in payable metals.

Commenting on today’s announcements, Jamie Levy, President and CEO said, “This is a great day for Generation Mining Shareholders and critical minerals production in Canada. These government decisions validate the work done to date to develop the Marathon Project as a sustainable, environmentally sensitive, low-cost producer of critical metals that are needed to support emissions controls and the transition to a greener economy. The receipt of the Decision Statement and Approval Order, respectively, are significant milestones as we advance the Marathon Project into production. This provides much needed certainty about the future and development of this strategic asset.”

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Generation Mining Announces Federal and Provincial Approval of the Marathon Project Environmental Assessment Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that the Marathon Palladium Copper Project (the “Marathon Project”) was approved by the joint Federal and Provincial Environmental Assessment …

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