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: CAD$33 M
Debt: NIL
Major shareholders:
Eric Sprott – 9.1%
Sibanye Stillwater – 18.2%
Lundin Family Trust – 6.2%
Osisko Mining – 3%
Management Ownership – 7%
Cash: CAD$33 M
Debt: NIL
Major shareholders:
Eric Sprott – 9.1%
Sibanye Stillwater – 18.2%
Lundin Family Trust – 6.2%
Osisko Mining – 3%
Management Ownership – 7%
Management Profile
Jamie Levy – CEO
Jamie Levy has been involved in mine finance for 25 years.
What is your rationale for taking part in 121 Mining Investment?
To broaden our exposure to the investment community.
What recent news would you like to highlight to investors attending?
August 2, 2022, the Joint Review Panel issued its Environment Impact Statement Report to the Federal (Canadian) and Provincial (Ontario) Ministers of the Environment. Final Ministerial decisions in the Environmental Assessment process are expected by November 30, 2022. Upon receipt of favourable decisions from the Ministers and the required permits, the Company anticipates starting construction late in the first quarter of 2023.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Financing, Approval of Environment Assessment from Federal and Provincial Ministers, Rerating of the shares
6 Months:
Start of Construction
12 Months:
Equity raise, Raising project finance, Raising mezzanine debt, M&A
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 10%.
What are the top 3 key investor takeaways?
Short timeline to production, compelling economics, strong community support