Galantas Gold Corp. reports news about gold project development, operating and financial results, and capital-structure matters. Recent company updates describe work at the Indiana gold project in Chile, including drilling, geotechnical information, mine-planning support, and evaluation of gold-bearing vein structures.
Galantas news also covers annual financial results, management discussion materials, warrant exercises, shareholder ownership changes, governance matters, and investor communications. The company’s updates frame its activities around the acquisition, development, and advancement of gold assets, with disclosures that also address safety practices, environmental monitoring, and regulatory compliance in its mining operations.
Galantas Gold (GALKF) has begun a 15,000‑metre drilling program at its Andacollo Gold project near La Serena, Chile.
The program will test possible extensions of higher grade gold zones within the current mineral resource, newly identified near‑surface high‑grade gold targets, and copper mineralization, including potential porphyry copper related to Teck’s adjacent Carmen de Andacollo mine. Infill drilling is planned to increase confidence in the resource model and support mine planning. The first rig is being set up in the Tres Perlas pit area, and two additional rigs are expected within weeks, with three rigs drilling by the end of September.
Galantas Gold (GALKF) has sold its remaining 20% indirect interest in the Omagh gold project in Northern Ireland to Ocean Partners UK for aggregate consideration of US$5.0 million, under a share purchase agreement dated September 8, 2026.
The stake comprised 20,000 shares of Flintridge Resources and 215,208 shares of Omagh Minerals, carried at about US$4.1 million as at June 30, 2026, with a six‑month attributable loss of roughly US$72,457. At closing, about US$3.26 million of indebtedness owed by Galantas to Ocean Partners was settled, set off or discharged, with the balance paid in cash. Following completion, Galantas no longer has any equity interest in Omagh and loses its right to convert the disposed 20% stake in Flintridge into a 3.00% net smelter return royalty. The company said the transaction aligns with its strategy to focus capital and management resources on its Chilean gold and copper projects, including Andacollo and Indiana.
Galantas Gold (GALKF) reports a change in a significant shareholding following a private share transaction completed on 21 August 2026.
Luis Enrique Catril Espinoza disposed of 91,313,890 common shares at CAD$0.42 per share, for total consideration of CAD$38,351,833.80, under a private share purchase agreement with Alpayana S.A.C. dated 17 August 2026. These shares represented approximately 10.97% of Galantas’ issued and outstanding common shares on a non‑diluted basis immediately prior to the transaction. Following completion, Mr. Catril no longer beneficially owns or controls any Galantas securities and, under AIM Rules, has ceased to be a substantial shareholder. His early warning report states there are no joint actors in respect of the transaction.
Galantas Gold (OTC: GALKF) appointed director and mining engineer David Cather as Non-Executive Chair of the Board, following his interim role since July 7, 2026, after Róisin Magee’s resignation. According to Galantas, Cather will oversee the Board as the company advances the Andacollo Gold and Indiana projects toward production.
Galantas granted 750,000 restricted share units (RSUs) to Cather, vesting one-third on August 31, 2027, one-third on January 1, 2028, and one-third on January 1, 2029. Each vested RSU entitles settlement in one common share, cash, or a combination under the shareholder-approved omnibus equity incentive plan.
Galantas Gold (OTCQB:GALKF) reported that Alpayana S.A.C. acquired 91,313,890 common shares on August 21, 2026 at CAD$0.42 per share, for total consideration of CAD$38,351,833.80, via a private share purchase agreement with a third-party seller.
According to Galantas, Alpayana previously held no shares and now owns and controls approximately 10.97% of the company’s issued and outstanding common shares on a non-diluted basis, becoming a substantial shareholder under AIM Rules. Galantas’ CEO welcomed Alpayana as a strategic, long-term shareholder.
Galantas Gold (OTC:GALKF) reported Q2 2026 net loss from operations of $4.69 million versus $0.71 million in Q2 2025, and YTD 2026 operating loss of $7.04 million versus $1.94 million a year earlier. General administrative expenses rose to $2.55 million in Q2 2026 from $1.27 million. As of June 30, 2026, Galantas held $108.9 million in cash and cash equivalents, total assets of $217.6 million, non-current liabilities of $24.6 million and a working capital surplus of $91.6 million.
During Q2 2026 the company closed a $100 million private placement (181.8 million units at $0.55), completed the acquisition of the Andacollo Gold Project in Chile, updated its Mineral Resource Estimate there, advanced engineering toward a potential restart, and continued drilling at the Indiana Project.
Galantas Gold (OTCQX:GALKF) announced that Chile’s National Geology and Mining Service (SERNAGEOMIN) has approved an amendment to permit the operational reactivation of the Ripios Dumps at the Andacollo Gold Project in Chile’s Coquimbo Region. This extends the validity of the original permit and authorizes continued operation of Ripios Dumps VII, VIII and IX under the same technical, environmental, operational and safety conditions previously approved.
The approval confirms that, despite a suspension of activities since 2016, the Ripios Dumps retain about 16.4 million tonnes of remaining authorized capacity, representing 81% of total approved capacity. Galantas now holds all key regulatory approvals required to resume operations at Andacollo under the previously approved mine design, waste-disposal configuration, heap-leach facilities and operating parameters. The authorized operating period is four years from the start of mineral extraction or until remaining capacity is reached. The company is advancing engineering, procurement, infrastructure rehabilitation and contractor planning while emphasizing local employment and community engagement in Andacollo.
Galantas Gold (GALKF) announced progress on the Preliminary Economic Assessment for its 100%-owned Andacollo Gold Project in Chile. The company has appointed M3 Engineering & Technology to lead the PEA and manage engineering, procurement support and construction management for relocating a recently acquired three-stage crushing plant from Mexico to site, targeting PEA completion in Q4 2026.
NCL Ingeniería y Construcción is advancing mine design and production schedules, while STRACON provides mining cost, fleet and execution-planning input. According to Galantas, existing heap-leach infrastructure and the acquired plant, with a stated design capacity of about 20,000 tpd, are expected to lower restart capital intensity and shorten timelines, supporting a potential restart currently targeted for Q1 2027. Refurbishment of the ADR plant, procurement of long-lead items, and heap-leach facility rehabilitation planning are underway, backed by a Mineral Resource Estimate effective February 1, 2026.
Galantas Gold (OTCQX:GALKF) updated progress on its Indiana gold-copper project near Copiapó, Chile, and expanded the ongoing drill program from a planned 5,000 metres to 12,500 metres, funded from its current cash. To date, 5,060 metres have been drilled in 13 holes targeting extensions of the Bondadosa, Flor de Espino and Consuelo veins and new structures for resource expansion and mine design data.
Visual logging indicates multiple new sulphide-bearing structures and, for the first time at Indiana, disseminated sulphide mineralization and molybdenite in intrusive rocks, plus hypogene chalcocite and bornite. However, Galantas cautions that grades are unknown pending delayed assays. Surface work has also outlined the new Zeus structural trend and La Maravilla target for further trenching and sampling.
Galantas Gold (OTCQX:GALKF) reported that Chile’s National Geology and Mining Service (SERNAGEOMIN) has issued key approvals to support the operational restart of the Andacollo Gold Project in Chile’s Coquimbo Region under its previously authorized configuration. The approvals cover the Tres Perlas open pit with about 11.3 Mt remaining under the existing mining plan, waste-rock facilities with roughly 17.7 Mt of remaining capacity, and the dynamic and Phase VI heap-leach areas, including about 3.3 Mt of authorized capacity. The project is permitted to crush up to 15,000 tpd, its ADR plant remains permitted, and closure obligations are backed by US$3.5 million in financial assurance. The current operating authorization runs for four years from the start of mineral extraction or until authorized tonnage or capacity is reached. A reactivation application for the leach waste dump is under review, and the company has not yet made a production restart decision. Galantas also announced the resignation of its Chief Operating Officer, who will continue as a consultant.