Houston – September 19, 2026 -- Heeney Capital has signed a mining concession agreement with the Republic of Venezuela and Corporación Venezolana de Minería (CVM) to develop and operate a major gold project in the El Callao Mining District, part of the Guayana Shield gold belt. The agreement was signed at the G20 Energy Abundance Ministerial held in Houston, Texas.
Deal could trigger up to $1 billion in investment for El Callao
Heeney Capital said the agreement will catalyze up to $1 billion in investment aimed at revitalizing the El Callao district through workforce development, community investment programs, and long-term economic growth. The firm projects the project will generate multi-billion dollars in tax and royalty revenue for the Venezuelan government over its operating life.
Heeney Capital targets Tier 1 gold assets in the Guayana Shield
The El Callao district hosts numerous Tier 1 gold assets within the Guayana Shield, one of the most prolific gold-producing regions globally. Henry Heeney, Co-Founder of Heeney Capital, said the firm intends to build "world-class, long-life operations" meeting international mining and processing standards while advancing Venezuela's resource sovereignty.
Venezuela's Mining Minister frames deal as bilateral relationship builder
Héctor Silva, Venezuela's Minister of Mining, said Heeney Capital brings a track record of executing large-scale resource projects in challenging jurisdictions, and described the agreement as part of broader efforts to strengthen bilateral relations between Venezuela and the United States. Sean Pi, Co-Founder of Heeney Capital, said the deal reflects growing global corporate confidence in Venezuela's mining and minerals supply chain.