07:12 AM EDT, 07/23/2025 (MT Newswires) -- G Mining Ventures ( GMINF ) said Wednesday that a recent ruling by a Brazil Federal court will help advance the Gurupi Gold Project and also resolves a permitting issue tied to legacy licenses issued in 2011.

The court annulled the preliminary and installation licenses issued in 2011 to a prior operator and confirmed G Mining's ( GMINF ) ability to initiate a new environmental licensing process. The ruling provides a clear regulatory path forward and positions Gurupi for long-term development and strategic growth, the company said.

An exploration budget of US$2 million to US$4 million was initially allocated for the project. When the exploration permits are received, the budget will be increased to ramp up exploration in the second half of 2025.

"This ruling marks a pivotal moment for Gurupi," said Chief Executive Louis-Pierre Gignac. "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. 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."