Generation Mining announces JV management committee approval of Feasibility Study and date for Sibanye ownership increase notice decision
As a result, the parties have agreed that Sibanye-Stillwater will have until the Commercial Production Decision Date to elect to exercise its rights under the JVA to increase its ownership interest in the Marathon Project.
- As a result, the parties have agreed that Sibanye-Stillwater will have until the Commercial Production Decision Date to elect to exercise its rights under the JVA to increase its ownership interest in the Marathon Project.
- Sibanye-Stillwater would also maintain the obligation to fund its proportionate share of costs based on its then current participating interest.
- The Company released the results of the Feasibility Study on March 3, 2021 and published the NI43-101 Technical Report dated March 25, 2021.
- Gen Mining owns an 80.7% interest in the Marathon project, with the remaining interest owned by Sibanye.