06:54 AM EDT, 06/03/2024 (MT Newswires) -- Generation Mining ( GENMF ) over the weekend said it has filed a final short form base shelf prospectus with regulatory authorities in Canada to sell up to $60 million of securities over a 25-month period.

Once the prospectus is approved, Generation Mining ( GENMF ) can issue common shares, debt securities, warrants, subscription receipts, units, or any combination of these from time to time over the 25-month span. The company said it has no immediate plans to issue any securities under the prospectus at this time.

"Over the next 25 months, this prospectus will ensure that Generation can rapidly raise capital when access is available on favourable terms, " said Generation President and CEO Jamie Levy.

In addition, the company has filed on SEDAR+ an amended technical report for its Marathon Palladium-Copper project with an effective date of December 31, 2022.

The amended report contains no changes to the material disclosures in the previously filed technical report, including no changes to the estimated mineral reserves and resources, the mine plan, cost estimates and economic analysis.

The amended report is being filed to remove reference to certain statements relating to the qualified persons' reliance on other experts and their liability for the contents of the report, which purported to limit the responsibility and liability of the qualified persons. The amendment also includes corrections in labeling and calculation errors.