Turner Mining Group Secures Up to $150 Million in Equipment Financing Facility with Wingspire Equipment Finance to Power Expansion

Initial $20 Million Tranche Deployed as Company Positions for Aggressive Multi-Site Growth

TUSTIN, Calif.--(BUSINESS WIRE)--Turner Mining Group today announced a major equipment financing relationship with Wingspire Equipment Finance, establishing a structured capital facility of up to $150 million to support its expanding fleet and accelerate growth across North America. Wingspire Equipment Finance has deployed an initial $20 million tranche, the first of a planned series of releases. The remaining funds will be available to Turner Mining Group as new operations launch and the company scales its business.

This announcement signals a significant vote of confidence in Turner Mining Group's operational platform and growth pipeline. Wingspire Equipment Finance is positioning itself as a long-term capital partner as Turner Mining Group pursues an increasingly active project portfolio across the mining and natural resources sectors.

The initial $20 million deployment supports Turner Mining Group’s acquisition of a mobile mining fleet, including haul trucks, bulldozers, excavators, motor graders, and wheel loaders, which are currently operating under a multi-year mining contract at the GRP Pan Gold Mine in Nevada. Turner Mining Group elected to draw the first tranche now to support active operations, with additional draws from the facility anticipated in the coming months as new project sites ramp up and equipment needs grow.

The facility was structured and led by Conner Ingram, Vice President of Construction, Mining, and Energy at Wingspire Equipment Finance. The purpose-built capital solution gives Turner Mining Group on-demand access to capital as operational demand dictates, rather than requiring the company to secure new financing each time a new contract is awarded. The result is a flexible, scalable credit structure that keeps Turner Mining Group positioned to move quickly and decisively in a competitive market.

"Currently, the mining and natural resources industries are experiencing a period of sustained capital inflows, robust infrastructure demand, and strong commodity fundamentals," said Conner Ingram from Wingspire Equipment Finance. "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."

"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," said Keaton Turner, President and Founder of Turner Mining Group. "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."

With active operations across multiple project sites from Texas to Arizona, Idaho to Nevada, and across the United States, Turner Mining Group has established itself as a trusted contract mining partner to some of the industry's leading producers. The financing facility with Wingspire Equipment Finance enables Turner Mining Group to invest in equipment, expand its operational reach, and respond quickly to market opportunities.

About Wingspire Equipment Finance:

Wingspire Equipment Finance is a leading provider of large transaction equipment financing solutions, empowering middle-market and private equity-backed companies with flexible and innovative capital structures. With a focus on client success and industry expertise, Wingspire Equipment Finance provides strategic capital solutions that promote long-term success for its clients. Wingspire Equipment Finance is the equipment financing arm of Wingspire Capital, a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with $307 billion of assets under management as of December 31, 2025.

About Turner Mining Group:

Turner Mining Group is a full-service contract mining company operating across North America, providing mining services, equipment, and operational expertise to some of the continent's leading mining producers. Founded by Keaton Turner, the company has built a reputation for operational excellence, safety, and the ability to rapidly deploy and manage large fleets of heavy mining equipment across complex, multi-year contracts.