G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) announced that it has secured commitments for an initial US$387.5 million financing package, with the potential to be increased by a further US$150 million beginning six months after closing, subject to lender approval.
The mining company said the financing package, which could total up to US$537.5 million, provides the company with the financial flexibility to advance the development and construction of its 100%-owned Oko West Gold Project in Guyana.
"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," G Mining Ventures chief financial officer Julie Lafleur said in a statement.
"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."
G Mining Ventures noted that following the receipt of the Oko West environmental permit from Guyana’s Environmental Protection Agency on September 2, 2025, and with the financing package now in place, the company is positioned to make a Final Investment Decision on the project later this month, which will outline the forecasted initial capital cost, investment incurred to date, and remaining expenditures through to completion.
The company added that it has executed a Master Loan and Security Agreement (MLSA) with Komatsu Ltd’s Komatsu Finance Chile SA subsidiary to finance the procurement of mining and construction equipment for the development of the Oko West Project.
Under the terms of the MLSA, Komatsu Finance will provide financing through multiple equipment notes with a total principal amount that will not exceed US$37.5 million.
In addition, G Mining Ventures reported that it has appointed Jamie Flegg as its vice president, corporate development.
Flegg brings more than 12 years of experience across mining capital markets, including corporate development, investor relations, private equity, and investment banking, serving most recently as chief development officer at Sigma Lithium.