Brief: Generation Mining Provides Update On Marathon Project Financing Discussions

Generation Mining

08/06/2022 13:38

June 8 (Reuters) - Generation Mining Ltd  GENM.TO :
    * GENERATION MINING PROVIDES UPDATE ON MARATHON PROJECT
FINANCING
DISCUSSIONS
    * GENERATION MINING LTD - ENDEAVOUR ENGAGEMENT WAS SPLIT
INTO TWO
PHASES
    * GENERATION MINING - EDC HAS PROVIDED EXPRESSION OF
INTEREST TO
SUPPORT MARATHON PROJECT, SUBJECT TO SUCCESSFUL COMPLETION OF
DUE DILIGENCE PROCESS
    * GENERATION MINING - EXPORT DEVELOPMENT CANADA HAS
INDICATED
ABILITY TO PROVIDE POTENTIAL PROJECT FINANCING OF UP TO US$200
MILLION
    * GENERATION MINING - PROJECT FINANCE PROCESS IS EXPECTED TO
TAKE
SEVERAL MONTHS
    * GENERATION MINING - ENDEAVOUR ESTIMATES THAT PROJECT CAN
CARRY
ABOUT US$400 MILLION IN SENIOR DEBT BASED ON CO'S FEASIBILITY
STUDY DATED MARCH 3, 2021

Source text for Eikon:  ID:nGNX3G61BJ 
Further company coverage:  GENM.TO 

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