Generation Mining Acquires 2 Mills for Marathon Palladium Copper Project for USD 12m.

MANews-(C)2009-2022

Generation PGM Inc., a subsidiary of Canada-based Generation Mining Ltd. (TSX: GENM) (OTCQB: GENMF) has entered into an agreement with Hycroft Mining Holding Corp. for the purchase of Marathon Palladium Copper Project, an unused, surplus SAG mill and ball mill, currently stored in Nevada and Texas, for USD 12m, the company said.

Gen PGM is developing the Marathon Palladium Copper Project near Marathon, Ontario.

Of the USD 12m purchase price, USD 500,000 is due on signing, the second payment of USD 500,000 is due not later than September 30, 2022, and a final payment of USD 11m is due not later than March...

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