- Generation Mining (GENM) has received approval from Biigtigong Nishnaabeg (BN) for a community benefits agreement for the Marathon Palladium Copper Project
- The agreement was endorsed through a BN membership vote
- The company will help with environmental management, employment, training and education, business opportunities, social and cultural support, and financial participation
- The project’s next steps are to receive the federal and provincial decisions for its environmental assessment, which are expected by the end of this month
- Generation Mining Limited (GENM) is up by 9.84 per cent trading at $0.67 per share
Generation Mining (GENM) has received approval for a community benefits agreement.
The agreement pertains to the company’s Marathon Palladium Copper Project. The project is owned by subsidiary Generation PGM Inc.
The agreement was endorsed through a BN membership vote which described the benefits the community will receive from the project and detailed how the impacts on the community will be mitigated.
Jamie Levy, President and CEO of Generation Mining, commented,
“We will work closely with [the community] to ensure benefits accrue to BN in the form of employment and training opportunities, financial participation, and business and contracting opportunities, all while maintaining a shared focus on environmental protections for the Biigtig Zibi and other areas that may be impacted by the project.”
The company expects to receive the federal and provincial decisions for the project’s environmental assessment by the end of this month.
Following these decisions, Generation Mining will apply for the required permits and implement the follow-up programs. The company is planning to begin project construction in 2023 once required permits and approvals are received.
Generation Mining Limited (GENM) is up by 9.84 per cent and is trading at $0.67 per share as of 1:51 pm ET.
