G MINING VENTURES CRP NEW - GMINF STOCK NEWS

G Mining Ventures Corp. (GMIN, GMINF) reported significant developments in its 2022 year-end review, highlighting a positive Feasibility Study for the Tocantinzinho Gold Project with an after-tax NPV of $622 million and an IRR of 24% at a $1,600 gold price. The firm secured a $481 million financing package, enabling project advancement towards expected commercial production in H2-2024. Key achievements included 56% detailed engineering completion, 81% procurement completion, and a reduced net smelter return royalty. The company aims to create over 1,200 jobs during construction and is committed to environmental and community initiatives.

G Mining Ventures Corp. (TSXV: GMIN, OTCQX: GMINF) has filed a preliminary short form base shelf prospectus with Canadian securities regulators. This filing enables the corporation and/or selling security holders to offer securities up to C$500 million over a 25-month period. While this move provides financial flexibility, the company currently has no immediate plans for issuances. The specifics regarding any future offerings will be detailed in subsequent prospectus supplements. The prospectus filing does not constitute a securities sale or solicitation.

G Mining Ventures Corp. (GMINF) announced an update on its Tocantinzinho Gold Project in Brazil, confirming the project is on track for commercial production in H2-2024. As of October 31, 2022, detailed engineering is 43% complete, and procurement is 73% complete, with $160 million in commitments so far. The project employs 582 workers, 94% of whom are local. The company achieved significant safety milestones, recording over 422,000 man-hours without lost time incidents. Regular updates are expected throughout 2023.

G Mining Ventures Corp. has announced significant results from its drilling program at the Tocantinzinho Gold Project in Brazil. Highlights include: 193.6m of 1.48 g/t Au and confirmed continuity of higher-grade gold mineralization. The recent drilling also confirmed mineralization extends below the existing pit design, with high-grade core intercepts such as 12.8m of 4.59 g/t Au. The company plans further exploration drilling at the Castor target following successful reconnaissance results, with ongoing activities aimed at mine construction and resource definition.

G Mining Ventures Corp. (GMINF) announced the exercise of its right to buy down 1.0% of the 2.5% net smelter return royalty on its Tocantinzinho Gold Project, reducing the NSR to 1.5%. The cash payment of $3.5 million enhances the project's exploration potential while lowering operating costs. The updated feasibility study shows a strong NPV of $622 million and an IRR of 24%. The project is on track for commercial production in H2 2024, aiming to become one of Brazil's largest gold mines.

G Mining Ventures Corp. (GMINF) has officially approved the construction of the Tocantinzinho Gold Project, receiving essential installation license extensions and committing $136 million to date, representing 29% of the total budget. Early works have been completed on schedule and within budget. Key personnel have been appointed to oversee the project’s development. The feasibility study demonstrated a strong NPV of $622 million and an IRR of 24%. Construction is set to begin this month, targeting commercial production in the second half of 2024.

G Mining Ventures Corp. (GMINF) has granted 474,210 stock options to its directors and officers under its Stock Option Plan as of September 8, 2022. Each option allows the purchase of one common share at C$0.77 for five years. The vesting schedule varies for directors and officers, with one-third vesting at grant and the rest over two to three years. G Mining is focused on becoming a mid-tier precious metals producer, primarily through its Tocantinzinho Project in Brazil.

G Mining Ventures Corp. (GMIN) has successfully closed a total of C$151.3 million (US$116.3 million) in a non-brokered private placement financing, which includes C$23.2 million (US$17.8 million) from La Mancha Investments. Proceeds will support the development of the fully financed Tocantinzinho Gold Project. Following the financing, La Mancha's ownership in GMIN increases to approximately 25%. The company anticipates positive construction decisions and expects to commence construction activities in Q3 2022, with the first gold production projected for H2 2024.

G Mining Ventures Corp. (GMIN) has completed the first tranche of its non-brokered private placement financing, raising $98.5 million through the issuance of 160,062,500 common shares at C$0.80 each. Major investors include La Mancha Investments, Franco-Nevada Corporation, and Eldorado Gold Corporation, holding 19.8%, 10.7%, and 19.0% of GMIN's shares, respectively. A second tranche is expected in Q3 2022, pending shareholder approval. Franco-Nevada also received 11.5 million warrants allowing them to purchase GMIN shares at C$1.90 until July 2027.