Generation Mining enters into binding agreement to become 100% owner of Marathon Project
The Transaction will increase Gen Subcos interest in the Marathon Project to 100%.
- The Transaction will increase Gen Subcos interest in the Marathon Project to 100%.
- Upon completion of the Transaction, Stillwater will hold no direct interest in the Marathon Project and the joint venture agreement, dated July 10, 2019, between Stillwater and Gen Subco will be terminated.
- Sibanye-Stillwater has proven itself to be an exceptional joint venture partner in the Marathon Project.
- Upon closing of the Transaction noted above, Gen Mining will own a 100% interest in the Marathon Project.