G Mining Ventures Secures Up to US$537.5 Million for Oko West Gold Project Development

G Mining Ventures Corp. has announced major financing commitments totaling up to US$537.5 million to advance development of its 100%-owned Oko West Gold Project in Guyana. The initial US$387.5 million financing package, led by National Bank Capital Markets and Macquarie Bank Limited with participation from major financial institutions, provides flexible, non-dilutive funding for project advancement. This significant capital infusion comes at a critical time for the mining company as it prepares to make key decisions about the project's future.

The financing facility includes an expansion option for an additional US$150 million post-closing, giving the company substantial financial flexibility as it moves forward with project development. Complementing the main financing package, G Mining Ventures has also secured a separate US$37.5 million equipment financing agreement with Komatsu Finance to support mine construction activities. This equipment financing will help ensure the company has the necessary mining infrastructure to advance the project efficiently.

The company's development timeline is accelerating, with plans to reach a Final Investment Decision later this month. This decision point represents a crucial milestone that will determine the full-scale development path for the Oko West Gold Project. The project's advancement is further supported by recent environmental permit approval, clearing a significant regulatory hurdle for development. The full details of the financing arrangement and project development plans are available in the company's official announcement at https://ibn.fm/SOzEx.

G Mining Ventures is strengthening its leadership team to manage the project's development, with the appointment of Jamie Flegg as Vice President, Corporate Development. The company's financial position is bolstered by cash flow from its existing Tocantinzinho Mine in Brazil, providing additional stability as it advances the Guyana project. This substantial financing package represents one of the larger recent investments in Guyana's growing mining sector and could significantly impact the country's economic development through job creation and infrastructure investment. For investors seeking additional information about G Mining Ventures, the company maintains regular updates through its investor communications channels at https://ibn.fm/GMINF.

The successful securing of this financing demonstrates strong institutional confidence in both the Oko West Gold Project's potential and G Mining Ventures' ability to develop it effectively. This commitment from major financial institutions validates the project's economic viability and positions the company to move forward with development activities. The financing structure provides multiple layers of support, combining traditional project financing with specialized equipment funding to address different aspects of mine development requirements.