Drilling at the Marathon palladium-copper project in northern Ontario. Generation Mining photo
Generation Mining (TSX: GENM) shares rose Thursday morning after the company’s receipt of the final construction permit for its Marathon copper-palladium project in northwestern Ontario.
The industrial sewage works permit, part of the environmental compliance approval, relates to the management and discharge of water in the project’s construction stage, Generation said. The company had already received its federal construction permits. Located just north of the namesake town, Marathon is 300 km east of Thunder Bay.
Once in operation, Marathon will be one of North America’s few palladium mines and could help meet rising demand for that metal as well as copper – both essential ingredients in the manufacturing of hybrid and electric vehicles.
“The completion of construction permitting was one of our…
