Wingspire backs Turner Mining

Turner Mining Group has lined up an equipment financing facility of up to $150 million from Wingspire Equipment Finance to expand its mining fleet across North America. (im-mining.com) The companies announced the deal on April 14, 2026. Wingspire said it has already deployed an initial $20 million tranche, with additional funding tied to new project launches and Turner’s growth plans. (ef.wingspirecapital.com) Turner Mining said the facility is structured so it can draw capital as contracts ramp, instead of arranging a new loan each time it adds equipment. Equipment Finance Advisor reported the facility was led by Conner Ingram, Wingspire’s vice president for construction, mining and energy. (equipmentfa.com) That structure fits Turner’s business model. The contractor provides mine services including drilling, blasting, ore and waste hauling, crushing, leach pad construction and mine planning, all of which require heavy equipment to be moved onto sites quickly. (turnermining.com) Turner has been adding work in the western United States. North American Mining and Minera Alamos said Turner recently mobilized a new mining fleet to the Pan mine in Nevada under a multi-year contract that took effect on January 1, 2026. (northamericanmining.com) (theglobeandmail.com) The company has also expanded at Bayer’s phosphate operations in Soda Springs, Idaho. Idaho Business Review reported in March that Turner was beginning a long-term contract there with specialized equipment and local hiring. (idahobusinessreview.com) Wingspire is an equipment finance business within Wingspire Capital, and the announcement tied the facility to Blue Owl Capital Corporation’s platform. That gives Turner access to a lender with a larger balance sheet than many niche equipment financiers. (ef.wingspirecapital.com) (marketchameleon.com) For Turner, the next step is straightforward: turn the first $20 million into machines on job sites, then pull down more of the facility as new contracts start. (im-mining.com)