Generation Mining agrees term sheet for up to $11 million Ontario loan for Marathon processing facility

Bitget2026/09/18 18:08

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Generation Mining agreed to a non-binding term sheet with the Ontario government for a loan facility of up to $11 million.
Funding would come from Ontario’s Critical Minerals Processing Fund, administered by Invest Ontario, to support the Marathon processing facility build.
Loan size depends on eligible project spending and maintaining a minimum employment level at the Marathon project.
Eligible processing facility and related infrastructure costs were estimated at about $410 million within total project capital costs of $992 million.
Facility remains subject to final documentation with customary terms and conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Generation Mining Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609181408BIZWIRE_USPR_____20260918_BW103846) on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Generation Mining agrees term sheet for up to $11 million Ontario loan for Marathon processing facility

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