Canadian Mining Journal


Generation Mining options Sibanye-Stillwater’s Marathon project in Ontario

Financier Jamie Levy and mine builder Kerry Knoll have been busy since selling Pine Point Mining and its zinc project in the Northwest Territories last year to Osisko Metals (TSXV: OM) for $35 million.

Through their company Generation Mining (CSE: GENM), the pair have just completed an option deal to acquire a 51% interest in Sibanye-Stillwater’s (NYSE: SBGL) Marathon PGM deposit, 10 km north of Marathon, Ontario.

Generation Mining will secure a majority stake in the deposit, form a joint venture with Sibanye-Stillwater, and be the project’s operator.

“We are thrilled to be able to acquire the largest undeveloped palladium project in North America at a time when the fundamentals for the commodity have never been better,” Levy, the company’s president and CEO, tells The Northern Miner in an interview from his office in Toronto.

Continue reading at The Northern Miner.