Generation Mining Agrees to a Term Sheet with the Ontario Government for Funding to Support Construction of the Marathon Processing Facility

TORONTO–(BUSINESS WIRE)–Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Generation Mining” or the “Company”) is pleased to announce that it has agreed to a non-binding term sheet with the Government of Ontario (the “Ontario Facility”) to support construction of the mineral processing facility at its 100%-owned Marathon Copper-Palladium Project (“Marathon Project”) in Northwestern Ontario. The terms of the Ontario Facility provide for a loan of up to $11 million through Ontario’s Critic