- Generation Mining (GENM) has received an independent report on the operational carbon footprint of the Marathon project
- Once producing, the Marathon project will have the second lowest operating footprint in Canada and one of the lowest in the world per tonne of copper equivalent produced
- As part of the detailed engineering and procurement processes currently underway, the company will continue to investigate means to further reduce the carbon footprint
- Generation Mining’s focus is the development of the Marathon Project, a large undeveloped platinum group metal mineral deposit in Northwestern Ontario
- Shares in Generation Mining Ltd. (GENM) are steady, trading at $0.77 per share
Generation Mining (GENM) has received an independent report on the operational carbon footprint of the Marathon project.
Marathon is a palladium-copper project that covers 22,000 hectares, or 220 square kilometres, of land in northwestern Ontario. Generation Mining recently announced an agreement with Stillwater Canada to become the sole owner of the Marathon project.
The report estimated that once producing, the Marathon project will have the second-lowest operating footprint in Canada and one of the lowest in the world per tonne of copper equivalent produced.
With an estimated 1.5 tonnes of carbon dioxide equivalent (CO2 eq) per tonne of copper equivalent produced, Marathon would be in the bottom 4 per cent of copper mines worldwide in carbon emissions.
Skarn Associates, a leader in the mining sector for greenhouse gas benchmarking, estimates that carbon emissions worldwide average 4.65 tonnes of CO2 eq per tonne of copper equivalent produced. The Marathon project would produce less than one-third of that average.
Jamie Levy, president and CEO of Generation Mining, commented on the report.
“Not only will the Marathon deposit produce minerals that are critical to the energy transition, but as the operation is currently modelled in the feasibility study, these minerals will also be produced at one of the world’s lowest carbon footprints.
“Within the dynamics of changing metals markets and increased consumer awareness, Gen Mining is well-positioned to produce a premium product.
“We are proudly located in a world class and stable mining jurisdiction with access to green energy, adding significant value to what is an already robust economic proposition.”
As part of the detailed engineering and procurement processes currently underway, the company will continue to investigate means to further reduce the carbon footprint of the Marathon project.
Generation Mining’s focus is the development of the Marathon Project, a large undeveloped platinum group metal mineral deposit in Northwestern Ontario.
Shares in Generation Mining Ltd. (GENM) are steady, trading at $0.77 per share as of 10:09 am EST.
