On January 15, 2026, Generation Mining Limited completed a bought deal public offering of 47,920,500 units at a price of $0.72 per unit for aggregate gross proceeds of approximately $34.5 million, which included the exercise in full of the underwriters’ over-allotment option.
Each unit was comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at an exercise price of $1.00 until January 15, 2028. The offering was led by Stifel Canada, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including BMO Capital Markets and Haywood Securities Inc.
Cassels acted for Generation Mining.