Generation Mining Closes “Bought Deal” Public Offering and Concurrent Private Placement for Gross Proceeds of $240 Million

For best results when printing this announcement, please click on link below: Generation Mining Closes “Bought Deal” Public Offering and Concurrent Private Placement for Gross Proceeds of $240 Million Not For Distribution To U.s. Newswire Services Or Dissemination In The United States Further to its news release dated September 14, 2026, Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Generation” or the “Company”) is pleased to announce the closing of its prospectus offering (the “Public Offering”) and concurrent private placement with Canada Growth Fund Inc. (“CGF”) (the “Concurrent Private Placement”) of common shares of the Company (the “Shares”) for aggregate gross proceeds of $240 million. The Public Offering was completed on a “bought deal” basis pursuant to the terms of an underwriting agreement (the “Underwriting Agreement”) dated September 16, 2026, among the Company and a syndicate of underwriters including BMO Capital Markets, as lead underwriter and sole bookrunner, together with TD Securities Inc., Haywood Securities Inc., Jett Capital Advisors, LLC,.