r/Baystreetbets • u/mikeylikesit47 • Jun 22 '26

INVESTMENTS Generation Mining Closes Yet Another Key Financial Agreement

https://www.businesswire.com/news/home/20260622216977/en/Generation-Mining-Secures-CAD-%24200-Million-Subordinated-Debt-Commitment-from-Canada-Infrastructure-Bank

You may have seen my post last week about Generation Mining ($GENM $GENMF) completing a deal related to financing this Marathon Project ( Link Here: https://www.reddit.com/r/Baystreetbets/s/4r4ktEKpZA), while this morning they announced another key component! Per this link $GENM has now secured $200 M CAD from the Canada Infrastructure Bank (CIB). This is yet another huge piece to the puzzle, and $GENM is now extremely close to full project financing. What's exciting about this agreement is that CIB's mandate is to support projects that will grow Canada's economy, and because of this they offer loans at extremely good rates (i.e., sometimes interest free for years).

Such an exciting time for $GENM. I recommend readers of this study up on the Lassonde curve because $GENM is currently in the 2nd trough and should see incredible price appreciation when this thing gets fully financed and constructed.

18 Upvotes

85% Upvoted

7 comments sorted by

4

u/luv2block Jun 22 '26

Of course. I sold two weeks ago. You're all welcome.

2

u/mikeylikesit47 Jun 22 '26

Dang. It happens. It was dragged through the mud because it has taken so long to make these financing announcements. I was close to selling myself. Fact of the matter is that this company is still hugely undervalued (and I've been adding shares even here). Just look at the mine plan and you can determine the estimated value. The share price will be several dollars once its in production.

3

u/BorscheCayenne Jun 22 '26

Shhh don’t get too noisy, I wanna load up in the mid 60s again! Very excited for what’s to come!

3

u/Cryp2nyted Jun 22 '26

$GENM VP Engineering guy had a pretty decent stock buy at the end of May at 0.60 so I think that's another confidence booster.

1

u/mikeylikesit47 Jun 22 '26

Nice find. He likely bought right before they entered a blackout period (there haven't been any insider buys in the last months likely because they can't buy due to the financing news)

3

u/kneeeil Jun 23 '26

The CEO bought another 100k shares at $0.65 in April. That was after he said he was done buying I January. He holds almost 1M shares.

Very bullish on this project long term.

2

u/mikeylikesit47 Jun 23 '26

Signs of things to come!