Turner Mining Group announced it has secured an equipment financing facility of up to $150 million with Wingspire Equipment Finance to support fleet expansion and growth across North America.

The company has drawn an initial $20 million from the facility, according to a statement from the companies. The remaining funds will be available as Turner Mining Group launches new operations and scales its business.

The initial deployment supports Turner Mining Group's acquisition of mobile mining equipment including haul trucks, bulldozers, excavators, motor graders, and wheel loaders. The equipment is currently operating under a multi-year mining contract at the GRP Pan Gold Mine in Nevada.

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

The facility was structured by Conner Ingram, Vice President of Construction, Mining, and Energy at Wingspire Equipment Finance. The arrangement provides Turner Mining Group with on-demand access to capital as operational demand requires, rather than securing new financing for each contract.

Turner Mining Group operates across multiple project sites from Texas to Arizona, Idaho to Nevada. The company provides mining services, equipment, and operational expertise to mining producers across North America.

Wingspire Equipment Finance is the equipment financing arm of Wingspire Capital, a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). Blue Owl Capital, Inc. (NYSE: OWL) is a global alternative asset manager with $307 billion of assets under management as of December 31, 2025.