Generation Mining Secures CAD $200 Million Subordinated Debt Commitment from Canada Infrastructure Bank

About this update from Generation Mining Ltd.

TORONTO, June 22, 2026--(BUSINESS WIRE)--Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (the "Company") is pleased to announce the Canada Infrastructure Bank ("CIB") has received internal credit approval for a subordinated debt facility of CAD $200 million ("CIB Facility") to support the construction and development of the Marathon Copper-Palladium Project ("Marathon Project"). The CIB Facility is comprised of the following two components: The Company has now secured approximately CAD $969 million of the funding required to bring the Marathon Project into production. This amount includes the previously announced internal credit approval for a senior debt facility of US$310 million, or approximately CAD $424 million from Export Development Canada, ING Capital LLC, and Société Générale (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. The commitment represents another significant milestone in the Company's project financing process. As a federal Crown Corporation, the CIB invests in infrastructure projects across Canada with the goal of attracting private-sector and institutional investment, while delivering public interest outcomes. This commitment also marks the CIB's first investment in Ontario's critical minerals sector, underscoring the strategic importance of the Marathon Project to Canada's critical minerals supply chain. "Securing a commitment from the Canada Infrastructure Bank is another major step forward in assembling the full financing package for the Marathon Project," said Jamie Levy, President and Chief Executive Officer. "The CIB's mandate to catalyze private-sector investment in critical infrastructure makes it a natural partner for Generation Mining. The commitment further validates the strength of the Marathon Project's economics, its strategic importance and its significance as a future North American producer of copper and palladium — two metals essential to the energy transition. With approximately CAD $969 million of project financing now committed, we are firmly on track toward a construction decision." The CIB Facility remains subject to completion of final documentation, including a compre...

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