Generation Mining Ltd. Closes Upsized “Bought Deal” Public Offering for Gross Proceeds of Approximately 34.5 Million

On January 15, 2026, Generation Mining Ltd. (TSX: GENM) (the “Company”) completed its upsized bought deal public offering for aggregate gross proceeds of $34,502,760, including the full exercise of the over-allotment option. The Company issued an aggregate of 47,920,500 units at a price of $0.72 per unit pursuant to a prospectus supplement. The Offering was conducted by a syndicate of underwriters led by Stifel Canada as lead underwriter, and included BMO Capital Markets and Haywood Securities Inc.

The Company is focused on the development of the Marathon Project, an undeveloped copper-palladium deposit in Northwestern Ontario.

Miller Thomson advised the Underwriters with a team comprised of Andrew Powers, Jeffrey Gebert, Sam Kelley and Jennifer Jeong (Capital Markets/Securities), Barry Horne (Tax), along with the assistance of Jacqueline Rintjema and Tamara Gutic (Articling Students).