Welcome to our dedicated page for Generation Minin news (Ticker: GENMF), a resource for investors and traders seeking the latest updates and insights on Generation Minin stock.
Generation Mining Ltd. (GENMF) is a mining company focused on the Marathon Copper‑Palladium Project in Northwestern Ontario, and its news flow centers on advancing this large undeveloped deposit. Company announcements repeatedly describe the Marathon Project as a copper‑palladium asset with additional payable metals such as platinum, gold, and silver, supported by a National Instrument 43‑101 Feasibility Study filed on SEDAR+.
News about Generation Mining often covers project development milestones, including updates on the Feasibility Study, filing of the Technical Report, and references to the project’s anticipated mine life and expected metal production. The company also issues releases on government and stakeholder engagement, such as Ontario government commentary identifying the Marathon Project as a shovel‑ready strategic mineral project important for a secure domestic supply chain.
Investors following GENMF news will see frequent coverage of financing activities, including bought deal public offerings, private placements of units with common shares and warrants, and support letters from financial institutions regarding potential credit facilities. These updates typically outline intended uses of proceeds, which the company states include advancing development of the Marathon Project, working capital, and general corporate purposes.
Additional news items highlight corporate governance and project leadership, such as board appointments, changes to board committees, and the hiring of project executives with experience in mining project development and construction. Together, these disclosures provide ongoing insight into how Generation Mining is positioning the Marathon Copper‑Palladium Project, its land package in the Marathon District, and its strategy to produce critical minerals in line with its stated commitment to sustainability and community engagement.
Generation Mining (OTCQB: GENMF) closed an upsized bought-deal offering, issuing 47,920,500 Units at $0.72 per Unit for aggregate gross proceeds of $34,502,760, including full exercise of the over-allotment option.
Each Unit includes one common share and one-half warrant; warrants exercise price is $1.00 and expire January 15, 2028. Net proceeds are to advance the Marathon project, working capital, and general corporate purposes. Underwriters received a cash commission of 6.0% (reduced to 3.0% for certain investor sales). Insiders purchased 605,555 Units under applicable MI 61-101 exemptions.
Generation Mining (OTCQB: GENMF) acquired 451 contiguous mining claims in the Marathon District, expanding its land package from 26,814 ha to 36,398 ha (an increase of ~36%) and bringing the total to 1,617 claims and 47 mining leases. The claims were bought via two agreements: Martinet (236 claims, ~5,011.5 ha) and Foxtrap & South River (215 claims, ~2,974.4 ha + 1,597.7 ha). Total scheduled vendor payments are staged over three years per agreement. Vendors retain a 2% NSR, with Gen Mining able to repurchase 1% for $500,000 per agreement. Martinet includes historic Noranda drilling (two shallow holes, 1990); Foxtrap has no prior exploration recorded. A Qualified Person reviewed the technical content.
Generation Mining (OTCQB: GENMF) announced on October 9, 2025 the appointment of Clinton Swemmer, P.Eng, as Vice-President, Projects. Mr. Swemmer brings 25+ years of mining engineering and project delivery experience across Africa, Asia and the Americas and has worked on over 40 projects, including processing plants at Ngezi and Mimosa and projects at Two Rivers and Everest South. He has led multidisciplinary teams on projects exceeding $3 billion in capital value. His initial mandate is to develop a project execution plan, advance detailed-engineering planning, support project financing, and plan the construction owners team for the Marathon copper-palladium project.
Generation Mining (OTCQB:GENMF) has appointed Kyle Kuntz to its Board of Directors, strengthening its development and construction expertise. Kuntz, currently Vice President of Projects at Equinox Gold Corp., brings over a decade of experience in leading large-scale mining developments across North America.
His notable experience includes overseeing the Valentine Gold Project construction at Calibre Mining, and previous roles at JDS Energy & Mining, Nuna Group of Companies, and Stantec. Kuntz's expertise in transforming mineral projects from feasibility to operational assets will support Generation Mining's Marathon Copper-Palladium Project as it moves toward construction.
Generation Mining (OTCQB:GENMF) held its annual meeting of shareholders where all five nominated directors were successfully elected with overwhelming support, each receiving over 99.8% of votes in favor. The elected directors include Jamie Levy, Kerry Knoll, Stephen Reford, Phillip Walford, and Rebecca Hudson.
Shareholders also approved the re-appointment of RSM Canada LLP as the company's auditor, with the board authorized to determine their remuneration. The complete voting results are available on SEDAR+.
Generation Mining (OTCQB:GENMF) has successfully completed a bought deal financing, raising gross proceeds of $11.5 million through a private placement. The company sold 31,082,200 Units at $0.37 per Unit, with each unit consisting of one common share and half of a warrant. Each whole warrant allows holders to purchase one common share at $0.48 between August 24, 2025, and August 24, 2028.
The financing, led by Stifel Nicolaus Canada Inc. and Haywood Securities Inc., will fund the development of the company's Marathon Project and general corporate purposes. Notable participants include Mr. Eric Sprott and company insiders, with CEO Jamie Levy acquiring 189,190 units, director Phillip Walford acquiring 67,560 units, and director Stephen Reford acquiring 60,000 units.
Generation Mining (GENMF) has announced key changes to its Board of Directors. The company appointed Rebecca Hudson as a new board member and Chair of the Audit Committee, while Stephen Reford has been named independent Lead Director. These appointments fill vacancies left by the passing of Paul Murphy. Additionally, Cashel Meagher will not seek re-election at the June 24, 2025 shareholders meeting due to his new role as CEO of Capstone Copper Corp.
Hudson brings over 25 years of experience in accounting, financial reporting, and corporate governance. She currently serves as CFO for multiple companies including Restart Life Sciences Corp. and Signature Resources Ltd. Her extensive background includes positions at major mining companies like Xstrata and Falconbridge, and she holds both Bachelor's and Master's degrees from the University of Waterloo's School of Accountancy.
Generation Mining (TSX: GENM; OTCQB: GENMF) has announced the filing of a National Instrument 43-101 Technical Report for its Marathon Copper-Palladium Project. The report, titled 'Marathon Copper-Palladium Project - Feasibility Study Report Update', is dated March 28, 2025, with an effective date of November 1, 2024. The results were previously announced in a news release on March 27, 2025.
The Technical Report is now accessible on the company's website and through the SEDAR+ platform.
FAQ
What is the current stock price of Generation Minin (GENMF)?
What is the market cap of Generation Minin (GENMF)?
