Heeney Capital Signs $1B Gold Mining Deal for Venezuela's El Callao
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.