07:43 AM EDT, 10/06/2025 (MT Newswires) -- G Mining Ventures ( GMINF ) , which gained 3.6% and hit 52 week highs last Friday, said Monday it has secured an initial $387.5 million financing package, with the potential to be increased by another $150 million after six months. The facility has an initial three-year term, which may be extended.

The financing package, which could total $537.5 million provides the company with the financial means to develop its Oko West Gold Project in Guyana.

Komatsu Finance Chile has also agreed to offer up to $37.5 million to finance the procurement of mining and construction equipment for Oko West.

"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," said chief financial officer Julie Lafleur.

G Mining ( GMINF ) received the environmental permit for Oko West early last month.