08:51 AM EST, 03/03/2025 (MT Newswires) -- Generation Mining ( GENMF ) said Monday that it received two additional permits for the Marathon copper-palladium project in Ontario.

The company secured a permit to take water from the Ministry of the Environment, Conservation and Parks (MECP). This is one of the four approvals for the Lakes and Rivers Improvement Act permit, regarding construction of infrastructure associated with the water management structures that has been approved by the Ministry of Natural Resources (MNR).

Generation also completed the work associated with the aerial survey portion of the Endangered Species Act permit for the Boreal Woodland Caribou in the Lake Superior Coastal Range.

"Receiving these approvals from the MNR and MECP is a testament to our team's hard work and dedication to advancing the Marathon project responsibly," President and CEO Jamie Levy said. "We remain committed to working closely with all regulatory bodies to ensure the highest standards of environmental and social responsibility."

The company's share price fell 4.2% on Friday to $0.115 on the TSX.