Generation Mining reshuffles board, appoints new directors

TORONTO - Generation Mining Limited (TSX:GENM, OTCQB: GENMF) has announced changes to its Board of Directors, including the appointment of Ms. Rebecca Hudson as a board member and the independent Chair of the Audit Committee, and Mr. Stephen Reford as the independent Lead Director. These appointments fill the vacancies created by the passing of Mr. Paul Murphy last year. According to InvestingPro data, the company maintains a strong financial position, holding more cash than debt on its balance sheet, with liquid assets exceeding short-term obligations.

The company also disclosed that Mr. Cashel Meagher will not seek re-election at the annual meeting on June 24, 2025, due to his new role as CEO of Capstone Copper Corp. The board is searching for his replacement. The company’s stock has shown resilience, posting a 3.47% total return over the past year, despite currently trading near its 52-week low of $9.89.

Ms. Hudson brings over 25 years of experience in finance and accounting to the board, having held positions in several mining companies and as a consultant. She is currently the CFO of multiple companies, including Restart Life Sciences Corp., and possesses expertise in risk management, corporate governance, and financial audit.

The company emphasized Ms. Hudson’s financial acumen as an asset, particularly as Generation Mining transitions from a mineral developer to a producer and progresses with the Marathon Project. The board expressed gratitude to Mr. Meagher for his contributions since 2020 and wished him success in his new endeavor.

The Marathon Project, located in Northwestern Ontario, is a significant undeveloped copper-palladium deposit. The project is expected to have a 13-year mine life, producing an estimated 2.16 million ounces of palladium and 532 million pounds of copper, among other metals, according to the latest feasibility study. InvestingPro analysis reveals additional insights about Generation Mining’s potential, with multiple ProTips available to subscribers, including detailed financial health metrics and momentum indicators.

The scientific and technical content of the press release has been reviewed by Daniel Janusauskas, P.Eng., who is a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101.

This news release includes forward-looking statements, such as projections about the Marathon Project’s development, production estimates, and financial returns. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. For comprehensive analysis and real-time updates, investors can access detailed financial metrics and expert insights through InvestingPro, which currently rates the company’s overall financial health as ’FAIR’ with a score of 2.07.

The company’s public filings are available on SEDAR+ for further information. This article is based on a press release statement from Generation Mining Limited.

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