Generation Mining (GENM.TO) was able to increase the size of its bought deal from the initially announced C$20M to C$30M. Each unit will be priced at C$0.72 and consist of one common share and half a warrant with each full warrant allowing the warrant holder to acquire an additional share for C$1.00 during a 24 month period. And even after the upsize, we only received 37% of the units we asked for in this financing from our Canadian broker, indicating there was plenty of interest in this financing.
This financing will boost the company’s working capital position to in excess of C$35M (allowing for underwriting fees and cash burn since the September 2025 financial statements were filed. And as the palladium price is now trading at close to $2000/oz, we hope the construction financing is around the corner.
Disclosure: The author has no position in Generation Mining but will participate in this financing. Generation Mining is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
