Brief: Generation Mining Finalizes Offtake Term Sheet With Glencore For Copper Concentrate

Generation Mining

27/03/2023 11:41

March 27 (Reuters) - Generation Mining Ltd  GENM.TO :
    * GENERATION MINING FINALIZES OFFTAKE TERM SHEET WITH
GLENCORE FOR
COPPER CONCENTRATE
    * GENERATION MINING LTD - EXPECTED THAT PRODUCTION FROM
MARATHON
PROJECT WILL BE TREATED BY GLENCORE'S HORNE SMELTER IN QUEBEC,
CANADA
    * GENERATION MINING LTD - GLENCORE WILL PURCHASE AN AVERAGE
OF 50%
OF TOTAL COPPER CONCENTRATE TO BE PRODUCED FROM MARATHON
PALLADIUM-COPPER PROJECT
    * GENERATION MINING-SEES TO ENTER INTO FINAL, BINDING
OFFTAKE
AGREEMENTS FOR 100% OF PRODUCTION IN CONJUNCTION WITH COMPLETION
OF ITS PROJECT FINANCING

Source text for Eikon:  ID:nBw2sK5bva 
Further company coverage:  GENM.TO 

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