Generation Mining
Financials:
Primary ticker: TSX:GENM
Stage of development: Development
Primary minerals: Palladium, Copper, Platinum
Project to promote: Marathon Palladium-Copper project
Project location: Canada
Website: genmining.com
Generation Mining is developing the 100%-owned Marathon Palladium-Copper project in Northwestern Ontario. A 2021 Feasibility Study shows a 30% Internal Rate of Return, a $1.07 billion NPV (6%) and a 2.3-year payback at a US$1725 palladium and US$3.20 copper price. Marathon is the largest undeveloped palladium project in North America.
Cash: CAD29M
Debt: Nil
Major shareholders:
Eric Sprott 9.1%
Sibanye Stillwater 19.1%
Lucas Lundin 7.3%
Osisko Mining 3%
Management ownership – 7.7%
Management Profile
Kerry Knoll – Executive Chairman
Kerry Knoll, executive chairman, has founded a number of successful mining companies including Wheaton River, Thompson Creek, Glencairn Gold and Pine Point Mining. Jamie Levy, CEO, has been involved in mine finance for 25 years.
What is your rationale for taking part 121 Mining Investment?
To broaden our exposure to the investment community
What recent news would you like to highlight to investors attending?
The positive feasibility study released in March, the excellent drilling results and the progress being made towards permitting, financing and construction
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Financing
6 Months:
Approval of Environment Assessment
12 Months:
Start of Construction
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Financing the project with minimal share dilution.
What do you think makes your company such a compelling investment?
We are the largest and most advanced undeveloped palladium project in the world, with the shortest timeline to production. Also has a significant copper credit. And a very positive Price to NPV of only 15%.
What are the top key investor takeaways?
Short timeline to production, compelling economics, strong community support