Generation Mining Provides Update On Marathon Project Financing Discussions [Financial Post (Toronto, Ontario, Canada)]
Wheaton Precious Metals Corp Common Shares (Canada) (WPM)
Last wheaton precious metals corp common shares (canada) earnings: 3/11 05:10 pm
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Source: Financial Post
pleased to provide an update on the project financing of the Marathon Project. In August 2021, the Company appointed Endeavour Financial as its Financial Advisor to provide financial advisory services with respect to the development of its 100% owned Marathon Palladium Copper project in northwestern Ontario. The Endeavour engagement was split into two phases. Phase I of the project financing consisted of a competitive process to access sources of low-cost long-term funding, whereby the most attractive financing proposal was the Cdn$240 million precious metal stream with Wheaton Precious Metals, entered into effective January 26, 2022, and from which the first $20 million was received by Generation PGM Inc., GenMining’s whollyowned subsidiary on March 31, 2022. Phase II involves the access to medium term financing with the initial stage being a request for proposal process (“RFP”) for the balance of the project financing. The RFP process has resulted in strong initial non-binding exp
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WPM
Earnings
- 3/14/24 - Beat
WPM
Sec Filings
- 4/9/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/3/24 - Form 6-K
- WPM's page on the SEC website