BROSSARD, QC, Oct. 6, 2025 /PRNewswire/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is happy to announce that it has fix constancy for an preliminary US$387.5 million (“M“) financing package deal, with the possible to be higher by means of an supplementary US$150M starting six months later ultimate, topic to lender kindness. This financing package deal, which might overall as much as US$537.5M, supplies the Company with the monetary flexibility to walk the improvement and building of its 100%-owned Oko West Gold Challenge (“Oko West” or the “Project“) in Guyana.
The financing package deal is anchored by means of an commitment (the “Agreement“) with a syndicate of economic establishments (the “Syndicate“) for a revolving credit score facility (the “Revolving Credit Facility” or “Facility“) that permits the Company to borrow as much as US$350M, with an accordion trait for an supplementary US$150M to be had post-closing, topic to commonplace situations. The Syndicate is led by means of Nationwide Warehouse Capital Markets (“National Bank“) and Macquarie Warehouse Restricted (“Macquarie“) as joint bookrunners and co-lead arrangers, with participation from Warehouse of Montreal, ING Capital LLC, Royal Warehouse of Canada, Citibank and CIBC.
As well as, Komatsu Finance Chile S.A. (“Komatsu Finance“), a subsidiary of worldwide apparatus chief Komatsu Ltd., and GMIN Ventures Guyana Inc., an oblique entirely owned subsidiary of GMIN, are happy to announce the execution of a Grasp Mortgage and Safety Oath (“MLSA“) to finance the procurement of mining and building apparatus for the improvement of the Challenge. Below the phrases of the MLSA, Komatsu Finance will lend financing thru a couple of apparatus notes with a complete essential quantity to not exceed US$37.5M.
“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 & Prominent Monetary 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 allow from Guyana’s Environmental Coverage Company on September 2, 2025, and with this financing package deal now in playground, GMIN is placed to form a Ultimate Funding Resolution (“FID“) at the Challenge next this occasion, which can define the forecasted preliminary capital price, funding incurred to age, and extra expenditures thru to finishing touch.
Abstract of Revolving Credit score Facility Phrases :
- Credit score Facility: Senior fix revolving facility of US$350M, with an accordion choice for an supplementary US$150M to be had six months later ultimate, topic to lender kindness.
- Adulthood: Preliminary time period of as much as 3 years from ultimate, with annual extension choices to reset tenor again to a few years topic to lender’s consent.
- Significance of Proceeds: Basic company functions, together with refinancing current debt, Oko West Challenge construction and supporting running capital.
- Pricing: SOFR plus a nil.10% credit score unfold adjustment, and an appropriate margin starting from 2.75% to a few.75%, relying on the web leverage ratio.
Good for one GMIN Management Crew
Along with this announcement, GMIN could also be happy to welcome Jamie Flegg as Vice President, Company Construction. Mr. Flegg brings over 12 years of revel in throughout mining capital markets, together with company construction, investor members of the family, non-public fairness, and funding banking. Maximum just lately, he served as Prominent Construction Officer at Sigma Lithium, and prior to now as Director, Funding Control at Waterton International Useful resource Control. He started his occupation in Funding Banking with Crimson Cloud Securities. Mr. Flegg is a Chartered Monetary Analyst (CFA), holds an MBA and a Bachelor of Science (Honours) from Queen’s College, and these days serves at the Board of Administrators of Comet Lithium Company.
“We are excited to welcome Jamie to the GMIN leadership team,” stated Louis-Pierre Gignac, President & Prominent Govt Officer. “His proven track record in corporate development and capital markets will be instrumental as we continue to execute our disciplined growth strategy and position GMIN as the next mid-tier gold producer. His addition further strengthens our ability to engage with global capital markets as we enter this next phase.”
About G Mining Ventures Corp.
G Mining Ventures Corp. is a mining corporate occupied within the acquisition, exploration and construction of valuable steel tasks to capitalize at the price uplift from a success mine construction. GMIN is well-positioned to develop into the later mid-tier valuable metals manufacturer by means of leveraging robust get entry to to capital and confirmed construction experience. GMIN is these days anchored by means of the Tocantinzinho Mine in Brazil, supported by means of the Gurupi Challenge in Brazil and the Oko West Challenge in Guyana — all with vital exploration upside and situated in mining-friendly jurisdictions.
Cautionary Commentary on Ahead-Having a look Knowledge
All statements, alternative than statements of historic truth, contained on this press loose represent “forward-looking information” and “forward-looking statements” throughout the that means of sure securities rules and are in keeping with expectancies and projections as of the age of this press loose. Ahead-looking statements contained on this press loose come with, with out limitation, the ones similar to (i) the Revolving Credit score Facility being topic to commonplace situations; (ii) the possible to extend financing constancy to US$150M; (iii) the proceeds from the Revolving Credit score Facility to be worn essentially for building of Oko West, with flexibility for normal company functions and/or compensation of current debt; (iv) the Company having the monetary assets in order Oko West into manufacturing; and (v) usually, the category entitled “About G Mining Ventures Corp.” in addition to the quoted feedback of GMIN’s President & Prominent Govt Officer.
Ahead-looking statements are in keeping with expectancies, estimates and projections as of the hour of this press loose. Ahead-looking statements are essentially primarily based upon plenty of estimates and guesses that, presen thought to be cheap by means of the Company as of the hour of such statements, are inherently topic to vital trade, financial and aggressive uncertainties and contingencies. Those estimates and guesses would possibly end up to be fallacious. Such guesses come with, with out limitation, the ones in terms of the cost of gold and forex change charges, the ones in terms of the Company assembly the situations precedent to akin the Revolving Credit score Facility and to ultimately workout the accordion choice (in complete or partially), and the ones underlying the pieces indexed within the above category entitled “About G Mining Ventures Corp.”.
Many of those uncertainties and contingencies can immediately or not directly impact, and may just reason, fresh effects to fluctuate materially from the ones expressed or implied in any forward-looking statements. There will also be deny agreement that, significantly however with out limitation, (i) a proper building for Oko West can be made in H2-2025, or in any respect; (ii) the Company will, by means of ultimate the Revolving Credit score Facility, ship a high quality venture that may generate significant price for all stakeholders; (iii) the entire US$150M accordion can be worn; (iv) the MLSA with Komatsu Finance can be worn for the entire quantity of US$37.5M; (v) Guyana will stay horny for mining funding; (vi) Oko West will walk responsibly and on time table and GMIN will reach its said goals in admire thereof; or (vii) TZ and Oko West will develop GMIN into the later mid-tier valuable metals manufacturer, as time occasions may just fluctuate materially from what’s these days expected by means of the Company. As well as, there will also be deny agreement that Brazil and/or Guyana will stay mining pleasant and potential jurisdictions.
By means of their very nature, forward-looking statements contain inherent dangers and uncertainties, each normal and explicit, and dangers exist that estimates, forecasts, projections and alternative forward-looking statements might not be accomplished or that guesses don’t mirror time revel in. Ahead-looking statements are supplied to effect offering details about control’s expectancies and plans in terms of the time. Readers are cautioned to not playground undue reliance on those forward-looking statements as plenty of noteceable chance elements and time occasions may just reason the fresh results to fluctuate materially from the ideals, plans, goals, expectancies, anticipations, estimates, guesses and intentions expressed in such forward-looking statements. The entire forward-looking statements made on this press loose are certified by means of those cautionary statements and the ones made within the Company’s alternative filings with the securities regulators of Canada together with, however now not restricted to, the cautionary statements made within the related categories of the Company’s (i) Annual Knowledge Mode dated March 27, 2025, for the monetary hour ended December 31, 2024, and (ii) Control Dialogue & Research. The Company cautions that the foregoing checklist of things that can impact time effects isn’t exhaustive, and fresh, unforeseeable dangers would possibly be on one?s feet from hour to hour. The Company disclaims any purpose or legal responsibility to replace or revise any forward-looking statements or to provide an explanation for any subject matter excess between next fresh occasions and such forward-looking statements, apart from to the level required by means of appropriate regulation.
SOURCE G Mining Ventures Corp
