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Sibanye-Stillwater doesn’t exercise its Marathon PGM back-in rights

From caesarsreport.com

Generation Mining (GENM.TO) finally has clarity on the Marathon PGM project as its joint venture partner Sibanye-Stillwater (SBSW) has elected to not exercise its back-in right on the project. As the feasibility study had been published a few months ago, Sibanye had to decide within 90 days if it wanted to exercise its back-in right to earn a 51% stake in the project but has now provided notice it won’t be doing that. This means Generation Mining will have to continue to advance the asset on its own and permitting will be the next hurdle for GENM to take. As Sibanye doesn’t have operations in Canada, has no ... (full story)

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