G Mining Ventures secures financing to advance Guyana gold project

G Mining Ventures Corp (“GMIN ” or the ” Corporation “) (TSX: GMIN) (OTCQX: GMINF) has announced that it has secured commitments for an initial US$387.5 million financing package, with the potential to be increased by an additional US$150 million beginning six months after closing, subject to lender approval. This financing package, which could total up to US$537.5 million, provides the Corporation with the financial flexibility to advance the development and construction of its 100 per cent-owned Oko West Gold Project (” Oko West ” or the ” Project “) in Guyana. The financing package, according to a release from the company is anchored by an agreement (the ” Agreement “) with a syndicate of financial institutions (the ” Syndicate “) for a revolving credit facility (the ” Revolving Credit Facility ” or ” Facility “) that allows the Corporation to borrow up to US$350 million, with an accordion feature for an additional US$150 million available post-closing, subject to customary conditions. The Syndicate is led by National Bank Capital Markets (” National Bank “) and Macquarie Bank Limited (” Macquarie “) as joint bookrunners and co-lead arrangers, with participation from Bank of Montreal, ING Capital LLC, Royal Bank of Canada, Citibank and CIBC.
In addition, Komatsu Finance Chile S.A. (” Komatsu Finance “), a subsidiary of global equipment leader Komatsu Ltd., and GMIN Ventures Guyana Inc., an indirect wholly owned subsidiary of GMIN, are pleased to announce the execution of a Master Loan and Security Agreement (“MLSA”) to finance the procurement of mining and construction equipment for the development of the Project. Under the terms of the MLSA, Komatsu Finance will provide financing through multiple equipment notes with a total principal amount not to exceed US$37.5 million.
“With these financing arrangements in place, together with strong cash flow from the Tocantinzinho Mine, we now have the financial resources required to bring Oko West into production,” commented Julie Lafleur, VP Finance & Chief Financial Officer. ” This entirely non-dilutive package increases financial capacity, provides additional flexibility, and reflects the confidence of National Bank, Macquarie, Komatsu Finance and the broader syndicate in our ability to deliver. We remain focused on disciplined capital allocation and advancing Oko West responsibly, on schedule, and within budget to generate meaningful value for all stakeholders.”
Following the receipt of the Oko West environmental permit from Guyana’s Environmental Protection Agency (EPA) on September 2, 2025, and with this financing package now in place, GMIN is positioned to make a Final Investment Decision (” FID “) on the Project later this month, which will outline the forecasted initial capital cost, investment incurred to date, and remaining expenditures through to completion. In conjunction with this announcement, GMIN also welcomed Jamie Flegg as Vice President, Corporate Development. Flegg brings over 12 years of experience across mining capital markets, including corporate development, investor relations, private equity, and investment banking. Most recently, he served as Chief Development Officer at Sigma Lithium, and previously as Director, Investment Management at Waterton Global Resource Management. He began his career in Investment Banking with Red Cloud Securities. Mr Flegg is a Chartered Financial Analyst (CFA), holds an MBA and a Bachelor of Science (Honours) from Queen’s University, and currently serves on the Board of Directors of Comet Lithium Corporation.