Interview with Jamie Levy, President & CEO of Generation Mining Ltd.

Our previous interview: [ Ссылка ]

Recording date: 6th March 2024

Generation Mining (TSX:GENM) is steadily advancing its Marathon Palladium-Copper project in Northwestern Ontario towards production. The company recently achieved a major milestone with the receipt of its environmental assessment approval in November 2022. It is now in the final permitting stages, anticipating receipt of all necessary construction permits by summer 2024.

The Marathon project benefits from an enviable location and infrastructure, situated along the Trans-Canada Highway with access to rail, roads, and low-cost renewable hydroelectric power. Importantly, Generation has secured strong social license and support from local First Nations groups and the municipality of Marathon.

While the recent rise in copper and palladium prices is encouraging, Levy acknowledged that generalist investor sentiment towards mining equities remains muted. However, he sees this changing as copper prices reach incentive levels of $4.25-$4.50/lb needed to stimulate new production. Palladium also has a bullish outlook, with a large short position to be covered and ongoing supply disruptions.

For investors, Generation offers direct exposure to two future-facing "green" metals - copper and palladium - that are poised to benefit from the global energy transition. The company is significantly derisked and attractively valued compared to producing miners. With permits on track, a seasoned team, and a world-class jurisdiction, Generation is well-positioned to unlock value as it advances Marathon toward production in a tightening market.

Key upcoming catalysts include the anticipated receipt of construction permits by summer 2024, completion of a feasibility study, and securing a comprehensive project financing package. Rising copper and palladium prices will further derisk the funding and construction of the Marathon project.

As CEO Jamie Levy noted, the smart money appears to be positioning for a turn in the mining cycle, even if generalist funds are not yet fully engaged. Generation Mining presents a differentiated opportunity to gain exposure to a robust copper-palladium project in a top-tier jurisdiction as metals markets tighten over the coming years. With key permits on the horizon and a proven management team, Generation is one to watch.

View Generation Mining's company profile: [ Ссылка ]

Sign up for Crux Investor: [ Ссылка ]

свернуть