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Galantas Gold Corp - developing Omagh project in Northern Ireland and exploring Gairloch project in Scotland - Completes the previously announced acquisition of RDL Mining Corp. In addition, closes C$14.9 million private placement at C$0.08 per unit and a C$625,000 non-brokered private placement to Ocean Partners UK Ltd to settle an outstanding debt. The brokered offer was led by Canaccord Genuity Corp and Haywood Securities Inc. Further, Galantas announces the completion of an updated independent mineral resource estimate for the Indiana Project in Chile. Highlights from the report include: 4.93 million tonnes grading 2.24 grammes per tonne gold and 1.31% copper, containing inferred mineral resources of 355,516 ounces gold and 64,690 tonnes copper in situ. Mario Stifano, chief executive of Galantas, says the completion of the updated MRE represents an ‘important technical milestone.’ ‘The quality, grade profile and continuity of the vein systems, together with the scale of the in-vein resource, provide a solid foundation as we advance mine design and commence the preliminary economic assessment. With financing closed and a commercial off-take partner secured, we are well positioned to systematically advance the project while continuing to evaluate opportunities to enhance value through drilling to explore at least 21 untested veins.’ Current stock price: 7.00 pence 12-month change: more than doubled Copyright 2026 Alliance News Ltd. All Rights Reserved.
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