Sun Valley Gold and Palmedo Disclose 7.15M-Share (2.8%) Position in GAU

Rhea-AI Filing Summary

Galiano Gold Inc. is the subject of a Schedule 13G/A filed by Sun Valley Gold LLC, Palmedo Holdings LLLP and Peter F. Palmedo reporting shared beneficial ownership of 7,150,507 common shares, which the filing says represent 2.8% of the outstanding common stock. The report specifies shared voting power and shared dispositive power over the reported shares, with no sole voting or dispositive power claimed by any reporting person.

The filing also states these securities are directly owned by advisory clients of Sun Valley Gold LLC and that none of those clients is reported to beneficially own more than 5% of the class. Each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Insights

Financial Analyst

TL;DR: Reporting group holds 7,150,507 shares (2.8%) with shared voting/dispositive power; ownership is held for advisory clients.

This Schedule 13G/A discloses a non-sole, shared position totaling 7,150,507 common shares or 2.8% of the class. The filing identifies shared voting and dispositive authority and states the securities are directly owned by advisory clients of Sun Valley Gold LLC, limiting direct attribution to any single client. For investors, this is a transparency disclosure of a modest collective position rather than evidence of control.

Corporate Governance Expert

TL;DR: Joint filing shows shared control rights without sole authority; reporting persons explicitly disclaim beneficial ownership beyond pecuniary interest.

The form documents joint reporting by an investment adviser vehicle, an affiliated holding partnership and an individual, each reporting identical aggregate holdings and identical shared voting and dispositive powers. The statements and disclaimers in the signature block clarify that the reporting persons do not claim sole ownership and limit reported interests to pecuniary exposure. This filing therefore signals disclosure compliance rather than a governance change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

Galiano Gold Inc.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

36352H100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 36352H100

1

Names of Reporting Persons

Sun Valley Gold LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,150,507.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,150,507.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,150,507.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 36352H100

1

Names of Reporting Persons

Pamedo Holdings LLLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,150,507.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,150,507.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,150,507.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 36352H100

1

Names of Reporting Persons

Peter F. Palmedo

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,150,507.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,150,507.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,150,507.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Galiano Gold Inc.
(b)	Address of issuer's principal executive offices: 680 - 1066 West Hastings Street, Suite 1640, Vancouver, British Columbia, Canada V6E 3X2
Item 2.
(a)	Name of person filing: Sun Valley Gold LLC Palmedo Holdings LLLP Peter F. Palmedo
(b)	Address or principal business office or, if none, residence: Sun Valley Gold LLC 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340 Palmedo Holdings LLLP 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340 Peter F. Palmedo 620 Sun Valley Road, 2nd Floor P.O. Box 2211 Ketchum, ID 83340
(c)	Citizenship: Sun Valley Gold LLC - Delaware Palmedo Holdings LLLP - Other - Nevada Peter F. Palmedo - United States
(d)	Title of class of securities: Common Shares, no par value
(e)	CUSIP No.: 36352H100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Sun Valley Gold LLC - 7,150,507 Palmedo Holdings LLLP - 7,150,507 Peter F. Palmedo - 7,150,507
(b)	Percent of class: Sun Valley Gold LLC - 2.8% Palmedo Holdings LLLP - 2.8% Peter F. Palmedo - 2.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 0 Peter F. Palmedo - 0
	(ii) Shared power to vote or to direct the vote: Sun Valley Gold LLC - 7,150,507 Palmedo Holdings LLLP - 7,150,507 Peter F. Palmedo - 7,150,507
	(iii) Sole power to dispose or to direct the disposition of: Sun Valley Gold LLC - 0 Palmedo Holdings LLLP - 0 Peter F. Palmedo - 0
	(iv) Shared power to dispose or to direct the disposition of: Sun Valley Gold LLC - 7,150,507 Palmedo Holdings LLLP - 7,150,507 Peter F. Palmedo - 7,150,507
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. All of the securities reported in this Schedule 13G are directly owned by advisory clients of Sun Valley Gold LLC. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Shares, no par value.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Please see Exhibit B attached hereto.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sun Valley Gold LLC

Signature:	/s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo/Managing Member
Date:	08/13/2025

Pamedo Holdings LLLP

Signature:	/s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo/General Partner
Date:	08/13/2025

Peter F. Palmedo

Signature:	/s/ Peter F. Palmedo
Name/Title:	Peter F. Palmedo
Date:	08/13/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

[Exhibit A - Joint Filing Agreement] [Exhibit B - Control Person Identification]

FAQ

What stake did the Palmedo group report in Galiano Gold (GAU)?

They reported beneficial ownership of 7,150,507 common shares, equal to 2.8% of the outstanding common stock.

Who filed the Schedule 13G/A for GAU?

The filing was made by Sun Valley Gold LLC, Palmedo Holdings LLLP and Peter F. Palmedo as reporting persons.

Do the reporting persons claim sole voting or dispositive power over the GAU shares?

No. The filing states 0 shares with sole voting or dispositive power and 7,150,507 shares with shared voting and shared dispositive power.

Are the reported GAU shares owned directly by the reporting persons?

The filing states the securities are directly owned by advisory clients of Sun Valley Gold LLC, and none of those clients is reported to own more than 5% of the class.

Do the reporting persons assert beneficial ownership of the GAU shares?

Each reporting person includes a disclaimer that they disclaim beneficial ownership except to the extent of any pecuniary interest.