Turner Mining Group announced it has secured an equipment financing facility of up to $150 million from Wingspire Equipment Finance, providing flexible capital to support fleet expansion and multi-site growth across North America.
The structured facility includes an initial $20 million tranche that has already been deployed, with additional funding available as the company launches new operations and scales its project portfolio. The financing arrangement is designed to give Turner Mining Group on-demand access to capital, enabling it to rapidly respond to new contract opportunities without securing separate financing for each project.
The initial $20 million draw is being used to acquire a mobile mining fleet, including haul trucks, bulldozers, excavators, motor graders, and wheel loaders. This equipment is currently supporting operations under a multi-year contract at the GRP Pan Gold Mine in Nevada.
The facility was structured by Wingspire Equipment Finance to align with Turner Mining Group’s growth trajectory, allowing the company to access capital incrementally as operational demand increases. This flexible structure positions the company to expand efficiently while maintaining speed and agility in a competitive mining and natural resources market.
Turner Mining Group has been expanding its footprint across multiple U.S. regions, with active operations in Texas, Arizona, Idaho, and Nevada. The company provides contract mining services to major producers and is leveraging the financing facility to enhance its equipment base and operational capacity.
Wingspire Equipment Finance, part of Wingspire Capital and affiliated with Blue Owl Capital, is acting as a long-term capital partner in the arrangement. The firm specializes in large-scale equipment financing solutions for middle-market and private equity-backed companies, offering customized capital structures to support sustained growth.
The agreement reflects continued momentum in the mining and natural resources sectors, driven by strong commodity fundamentals, infrastructure demand, and capital investment flows. With this financing in place, Turner Mining Group is positioned to accelerate project execution and expand its presence across key markets.
KEY QUOTES:
“Currently, the mining and natural resources industries are experiencing a period of sustained capital inflows, robust infrastructure demand, and strong commodity fundamentals. Turner Mining Group has built an exceptional operational platform, and this facility ensures they have the capital access they need to keep pace with their growth, on their timeline, not the market’s.”
Conner Ingram, Vice President of Construction, Mining, and Energy, Wingspire Equipment Finance
“We are excited to partner with Wingspire Equipment Finance as we continue to invest in the heavy equipment needed to support our clients and our long-term growth. We drew the first $20 million to support our new mining fleet in Nevada, and as we continue to add new operations and new contracts in the months ahead, we have the capital infrastructure already in place to move fast and ramp up our customers’ operations without delay. Wingspire Equipment Finance understands our business and has structured something that grows with us, and that kind of partnership is invaluable.”
Keaton Turner, President and Founder, Turner Mining Group
