en.Wedoany.com Reported - Generation Mining has secured a C$200 million (US$141 million) debt commitment from the Canada Infrastructure Bank (CIB) to support its Marathon copper-palladium project in northwestern Ontario.

This funding is part of a larger financing plan to advance the project through its development and construction phases. The CIB commitment includes C$110 million in subordinated debt financing for development and construction costs, and C$90 million in standby financing to cover potential cost overruns during construction.

The CIB's commitment marks its first investment in Ontario's critical minerals sector, highlighting the project's strategic value to Canada's mineral supply chain.

Jamie Levy, President and CEO of Generation Mining, stated that the CIB's mission to catalyze private sector investment in critical infrastructure makes it a natural partner for Generation Mining. This commitment further validates the economic advantages and strategic importance of the Marathon project, and underscores its value as a future North American producer of copper and palladium, both of which are essential metals for the energy transition.

Generation Mining has raised approximately C$969 million in total for the Marathon project, including US$310 million in senior debt financing from Export Development Canada (EDC), ING Capital, and Société Générale. The remaining funds come from a C$200 million metal streaming agreement with Wheaton Precious Metals and an equipment lease facility valued at nearly C$145 million.

The CIB investment is subject to final documentation and the completion of an intercreditor agreement, with subsequent steps involving standard project financing terms.

Construction is expected to begin in the second half of 2026, subject to successful project financing. The Marathon project is a large, undeveloped deposit with an expected mine life of 13 years. Generation Mining continues to negotiate with guarantee providers and equity investors to finalize the financial arrangements needed to advance the project into construction.

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