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 (TSXV:GAL, AIM:GAL, OTCQB:GALKF) amended its share purchase agreement with former Dragones shareholder Luis Catril for the Andacollo Gold Project. A US$14.0 million payment previously due on December 31, 2029 has been reprofiled so that US$5.0 million was paid on July 24, 2026 and US$9.0 million is now due by April 25, 2027. Galantas has become a guarantor and joint and several co-debtor for the remaining cash obligations.
The total Dragones Agreements cash consideration remains US$31 million; after today’s payment, US$22.0 million is outstanding and US$9.0 million has been paid, alongside 91,313,890 Galantas shares already issued to Catril. Remaining cash is scheduled as: US$3.0 million by December 31, 2026; US$9.0 million by April 25, 2027; US$4.0 million by December 31, 2027; and US$6.0 million by December 31, 2028, bringing the final payment forward by one year. If deadlines are missed, former Dragones shareholders may seek re-transfer of Dragones shares held by OXI, with partial payments forfeited. Catril has acknowledged full payment of his variable share entitlement and released potential disputes. The amendment is treated as a related-party transaction under MI 61-101 and AIM Rule 13, with Galantas relying on available exemptions.
Galantas Gold (OTC:GALKF) has entered into a binding agreement to acquire a complete three-stage crushing plant and associated agglomeration equipment in Mexico for installation at its 100%-owned Andacollo Gold Project in Chile, for total consideration of US$4.2 million. Completion is subject to a definitive asset purchase agreement and customary regulatory, corporate, export, import and third-party approvals.
The plant has a nominal throughput capacity of about 20,000 tonnes per day and its good operating condition is reported by the seller, pending Galantas’ technical, legal and title due diligence. Galantas has engaged M3 Engineering & Technology to manage detailed engineering, disassembly, logistics, transport and reassembly. The company has mobilized its project team and reports active work on engineering, procurement, site infrastructure, mine planning, permitting and operational readiness, and expects gold production at Andacollo to begin in Q1 2027.
Galantas Gold (OTC:GALKF) announced that Róisín Magee has resigned as Chair and Board member, effective immediately, to take a senior role in private equity. Director David Cather has been nominated as Interim Chair. The Board now consists of five directors.
Galantas Gold (OTCQX:GALKF) granted 33,650,000 restricted share units and 775,000 stock options under its omnibus equity incentive plan approved on June 15, 2026.
RSUs vest in three tranches from July 2027 to January 2029. Outstanding awards under the plan now total 39,055,000 shares, or 4.71% of 829,625,590 issued shares.
Galantas Gold (OTCQX:GALKF) completed the acquisition of Sol de Oro Mining, gaining 100% of the Andacollo Gold Project in Chile. Total consideration is US$32.5 million including assumed debt and streaming obligations, paid in stages to 2029.
Galantas assumed silver streaming agreements, issued 91,313,890 shares to Luis Catril, and will have 829,500,590 shares outstanding. The CEO targets restarting operations and beginning gold production in 2027, alongside an aggressive drill program.
Galantas Gold (OTCQX:GALKF) shareholders approved acquiring all shares of Sol de Oro Mining, which indirectly owns 100% of the Andacollo Gold Project. At the June 15, 2026 meeting, 67.322% of shares were voted and 99.990% supported the transaction.
Investors also approved an omnibus equity incentive plan with 73.131% support. Galantas expects the acquisition to close later in June, subject to final TSX Venture Exchange approval and other conditions. The company appointed Andreas L’Abbé as non-Board CFO, effective July 1, 2026.
Galantas Gold (OTCQB:GALKF) completed a private placement of 181,819,000 units at $0.55 per unit, raising gross proceeds of $100,000,450, including full exercise of the agents' option.
Proceeds will fund the Indiana and Andacollo Chile projects and working capital. Post-admission share capital will be 734,628,488 shares.
Galantas Gold (OTCQX:GALKF) reported unaudited Q1 2026 results in Canadian dollars, with no revenue and a net loss of $2.35 million versus $1.23 million in Q1 2025.
Cash rose to $10.82 million and working capital to a $4.96 million surplus, supported by financing, warrant exercises, and an announced private placement of up to $85 million plus a $15 million option.
Galantas Gold (OTCQB:GALKF) is sending a management information circular for a special shareholder meeting on June 15, 2026. Shareholders will vote on acquiring all shares of Sol de Oro Mining, which indirectly owns 100% of the Andacollo Project, and on an omnibus equity incentive plan.
The board unanimously recommends voting FOR these resolutions.
Galantas Gold (OTC:GALKF) reported audited results for the year ended December 31, 2025. Key figures: net loss of $8.49M (2024: $1.49M), cash of $13.32M (2024: $0.53M) and a working capital surplus of $8.07M (2024: deficit $16.22M). Depreciation was $0.27M and general admin expenses were $4.26M.
Concentrate provisional revenues were US$566,000 in 2025 versus US$853,591 in 2024; proceeds remain offset against development assets until commercial production.