G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) has announced a key development in the licensing process for its Gurupi gold project in Brazil, following a ruling from the 8th Federal Environmental and Agrarian Court of the Judicial Section of Maranhão.
The ruling resolves a longstanding permitting issue. The court annulled the preliminary and installation licenses granted in 2011, effectively removing legal and permitting liabilities associated with those authorizations.
Louis-Pierre Gignac, G Mining's CEO, described the court ruling as a pivotal moment for Gurupi.
"It removes a longstanding regulatory constraint and gives us the green light to advance the project with clarity—an outcome made possible through close collaboration with multiple stakeholders since we acquired the project,” Gignac said.
G Mining will be able to initiate a new environmental licensing process for the project. The new process will require the submission of a full Environmental Impact Assessment and Report, as well as prior consent from the National Institute for Colonization and Agrarian Reform for any areas overlapping with agrarian settlements.
According to the company, the ruling reopens the path for a structured and updated permitting process, enabling long-term development of the project. G Mining intends to move forward with a multi-year exploration program, supported by environmental studies.
“With this legal certainty, we are now well-positioned to unlock the full potential of this district-scale asset through focused exploration and meaningful stakeholder engagement,” Gignac added.
“This decision also reinforces G Mining's track record of navigating complex regulatory environments and creating value. It directly supports our broader vision of building the next mid-tier gold producer in the Americas."
The most recent mineral resource estimate for Gurupi, published in February, includes 1.83 million ounces of indicated mineral resources at 1.31 grams per ton of gold and 0.77 million ounces of inferred resources at 1.29 grams per ton of gold.
G Mining has earmarked an initial 2025 exploration budget of $2 million to $4 million for soil sampling, trenching, mapping, and the application of a machine learning-based core logging system to evaluate historical drill data.
A larger exploration budget is expected to be deployed in the second half of the year once the necessary permits are secured.
For the remainder of 2025, G Mining intends to focus on finalizing the environmental permit for its Oko West Project, making a financing and construction decision on Oko West, and continuing greenfield and brownfield exploration across its Tocantinzinho, Oko West, and Gurupi projects.