Business
Generation Mining Restarts the Environmental Assessment and Regulatory Review Process
TORONTO, June 11, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (“Gen Mining”, “Generation”, or the “Company”) is pleased to announce the Compan
About this update from Generation Mining Ltd.
[{"type":"text","content":" TORONTO, June 11, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (“Gen Mining”, “Generation”, or the “Company”) is pleased to announce the Company has restarted the Environment Assessment (EA) review and approval process for the Marathon Project with the Federal and Provincial Government Agencies. This is being done in parallel with the initiation of a feasibility study. Jamie Levy, President and Chief Executive Officer of Generation Mining, commented: “We are very fortunate that the previous operators spent significant time effort and money on previous environmental studies and developing working relationships with the various governmental agencies. This previous investment should help us in reducing time and money for our shareholders and ensure appropriate consultation with communities of interest. Initial meetings with various government agencies have been positive. Early indications are that they will do what they can to speed up the permitting process as they all realize a new mine will create numerous jobs for the town of Marathon and surrounding communities which will be needed more than ever in the wake of the pandemic.” The initial Environmental Assessment process was initiated by the prior operator (Stillwater Canada) of the Marathon Project in 2012 and was put on hold in January 2014. At that point in time the Canadian Environmental Assessment Agency and the Joint Review Panel (JRP) had reviewed the Environmental Impact Statement (EIS) report and supporting technical reports and, determined that the material was sufficient to proceed to the public hearing stage. At that time, the JRP timeline to complete the EA process was approximately 6 months. In September 2019, the Company received confirmation from the government that the Marathon Project will remain subject to the requirements of the Canadian Environmental Assessment Act (2012) and the Ontario Environmental Assessment Act (1990) and the process could be restarted. The Company does not expect the permitting process to be delayed by the Covid-19 Pandemic. The Company has now commenced the process to restart the Environmental Assessment approval process and to complete an EIS Report Addendum. At a high-level, the steps that are required to commence the process are as follows: i) update and confi...