Gold Reserve seeks fifty million dollars to restart mining operations in Venezuela
The mining firm plans to raise millions through a private placement to rebuild its base. It targets a return to Venezuela following recent leadership changes.
Insights:
Gold Reserve Inc. announced today, February 11, 2026, that it has hired the Canadian arm of Cantor Fitzgerald to manage a private placement of common shares. The company is seeking to raise up to US$50.3 million, with a 25 percent over-allotment option that could bring the total proceeds to approximately US$63 million. This capital raise is intended to rebuild the company's investor base and support its strategic plans to return to operations and recover assets in Venezuela 
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VE.According to the announcement, the financing is expected to close on or about February 26, 2026. Gold Reserve has earmarked the proceeds for expanding its mining expertise, providing working capital, and covering general corporate purposes. The move comes as the company signals its intent to re-enter the Venezuelan market and pursue the recovery of assets following recent political changes referenced by the firm.
