G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) and G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) announced that the remaining closing conditions for their proposed plan of arrangement are expected to be completed by the end of July 2026, with the transaction expected to close shortly thereafter. The arrangement will see G Mining Ventures acquire all outstanding G2 shares while G2 completes the spinout of G3 Goldfields. This move is significant as it consolidates key precious metal assets in mining-friendly jurisdictions, positioning the combined entity for growth in the mid-tier producer space.
Under the arrangement, G2 shareholders will receive 0.212 of a G Mining Ventures common share and 0.5 of a G3 Goldfields common share for each G2 share held immediately prior to the effective date. Following closing, G2 shares are expected to be delisted from the Toronto Stock Exchange and OTCQX, while G3 has applied to list its shares on the Canadian Securities Exchange, subject to meeting the exchange’s listing requirements. The transaction highlights the ongoing consolidation trend in the precious metals sector, as companies seek to leverage operational synergies and access to capital.
G Mining Ventures Corp. is a mining company engaged in the development, operation and exploration of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored in mining-friendly jurisdictions: Brazil, with the Tocantinzinho Gold Mine and the Gurupi Project as well as Guyana, with the Oko West Project. GMIN trades on the TSX under the symbol “GMIN”.
The acquisition of G2 Goldfields adds strategic value to G Mining Ventures' portfolio, particularly with G2's assets in Guyana and Brazil. This transaction is expected to enhance G Mining Ventures' production profile and resource base, further solidifying its position as a emerging mid-tier producer. The spinout of G3 Goldfields also provides a focused vehicle for G2's remaining assets, potentially unlocking additional shareholder value.
For investors, this deal underscores the importance of consolidation in the mining industry, where scale and operational efficiency are key drivers of profitability. The successful closing of this arrangement will create a company with a diversified asset base in stable jurisdictions, reducing geopolitical risk. The expected late July timeline provides clarity for shareholders and the market, allowing for informed investment decisions.
To view the full press release, visit https://ibn.fm/J1PgZ. For the latest news and updates relating to GMINF, visit the company’s newsroom at https://ibn.fm/GMINF.
