Generation Mining Receives Senior Lender Credit Approval for US$310 Million from EDC, ING Capital, and Société Générale

About this update from Generation Mining Ltd.

TORONTO, June 17, 2026--(BUSINESS WIRE)--Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (the "Company") is pleased to announce that Export Development Canada ("EDC"), ING Capital LLC ("ING"), and Société Générale S.A. ("Société Générale"), collectively the Mandated Lead Arrangers ("MLAs"), have each received internal credit approval for a senior secured project finance facility for US$310 million, or approximately CAD $424 million (the "Senior Facility") to fund the construction and development of the Marathon Copper-Palladium Project ("Marathon Project"), located on the north shore of Lake Superior in Northwestern Ontario, Canada. With the Senior Facility, an existing undrawn metals streaming agreement with Wheaton Precious Metals of CAD $200 million, and equipment leasing facilities totaling approximately CAD $145 million, Generation Mining has secured approximately CAD $769 million of the funding required to bring the Marathon Project into production. The receipt of credit approval from the MLAs represents a critical milestone in the project financing process and reflects the lenders' confidence in the Marathon Project's economics, permitting status, and strategic importance as a North American critical mineral’s producer. The Company continues to advance negotiations with subordinate debt lenders, surety providers and equity investors with a view of finalizing, and subject to definitive documentation, a fully financed project construction package. Jamie Levy, President and Chief Executive Officer states, "Receiving credit approvals from EDC, ING, and Société Générale is a landmark moment for Generation Mining and a powerful endorsement of the Marathon Project. These institutions bring deep expertise in mining finance and conducted extensive due diligence into the project. Their commitment signals strong confidence in our asset's economics and long-term value. With approximately CAD $769 million of funding approved to date and all permits in hand, we are firmly on the path to a construction decision and to becoming Canada's next major producer of copper and palladium — two metals critical to the global energy transition." Mr. Levy also noted that, in the course of negotiations with the MLAs and prospective subordinate debt and equity investors, the Com...

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