G MINING VENTURES CRP NEW - GMINF STOCK NEWS

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.

G Mining Ventures has secured a comprehensive financing package totaling $481 million for its Tocantinzinho Gold Project, aimed at achieving first production in the second half of 2024. This package includes equity financing of $116 million, a $250 million gold stream, and a $75 million secured loan. Notably, Franco-Nevada and La Mancha have become strategic partners, while existing capital on hand exceeds $535 million. The project is advancing well with early works on schedule, supporting local job creation and economic benefits.

G Mining Ventures Corp. (GMINF) announced significant advancements at its Tocantinzinho Gold Project, including early works activities and a new labor agreement with a local mining union. The company has initiated a 'Self-Perform' execution model, enhancing project control and efficiency while expanding its land package by 45% to 996 km². Key personnel have been appointed to strengthen project execution, and total expenditures are forecasted to reach $47 million by June 2022, supporting project development and construction activities expected to start by Q3 2022.

G Mining Ventures Corp. (GMINF) has made significant progress on financing for its 100% owned Tocantinzinho Gold Project. The company is exploring various funding sources including bank debt and private equity, targeting 60%-70% of capital through non-equity to lower costs. Strong proposals have been received, and GMIN is set to finalize documentation aimed at commencing construction in the latter half of 2022. CEO Louis-Pierre Gignac expressed optimism about achieving a positive construction decision amidst challenging market conditions.