08:18 AM EDT, 03/27/2025 (MT Newswires) -- Generation Mining ( GENMF ) reported Thursday the results of an updated feasibility study for the Marathon copper-palladium project in Ontario.

The study generated a base case after-tax net present value of $1.07 billion at a 6% discount, with a 28% internal rate of return and a 1.9-year payback period. Initial capital was projected at $992 million.

The company expects the project's average annual production to reach 42 million pounds of payable copper, 168,000 ounces of payable palladium, 38,000 ounces of payable platinum, 12,000 ounces of payable gold and 240,000 ounces of payable silver over a 13-year mine life.

"The updated feasibility study for the Marathon copper-palladium project clearly underscores its potential to be Ontario's next producing critical mineral mine," said Jamie Levy, Generation Mining's ( GENMF ) president and CEO.

Generation Mining ( GENMF ) said the project is fully permitted for construction in the federal level and it is awaiting final approval from the Government of Ontario.

"The project not only benefits from a strong commodity mix of critical metals but also stands as a strategic Canadian response to growing threats in the global mineral supply chain," Levy said.

Generation Mining's ( GENMF ) share price slumped 10.8% on Wednesday to $0.165 on the TSXV.