Generation Mining has agreed to sell its rights and interests of the Davidson property, which hosts a large molybdenum-tungsten deposit, in an option agreement to Moon River Capital as the Canadian miner focuses its attention on developing the Marathon palladium-copper project in northwestern Ontario. Under the terms of the transaction, Moon River will pay $630,000 in cash for six mineral…
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Glencore to receive copper concentrate from Marathon
Generation Mining and Glencore have finalized an offtake term sheet for polymetallic copper concentrate to be produced at the former’s Marathon palladium-copper project, located near Marathon, Ontario. Under the term sheet, Glencore will purchase an average of 50% of the total copper concentrate to be produced from Marathon. It is expected that production from the project will be treated by…
Read MoreGeneration Mining receives green light for Marathon
Canadian-based Generation Mining said its Marathon palladium copper project in northwestern Ontario was approved by the joint federal and provincial environmental assessment process. It will now proceed to obtain the necessary permits for construction and operation of the mine.
Read MoreGeneration Mining acquires surplus mills for Marathon
Generation Mining said its subsidiary Generation PGM, which is developing the Marathon palladium-copper project in northwest Ontario, has entered into an agreement with Hycroft Mining for the purchase of an unused, surplus SAG mill and ball mill for US$12 million. Gen PGM will assume certain costs related to the mills, which are currently stored in Nevada and Texas, including storage,…
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