- Business
- Galantas Gold Corporation (TSX-V, AIM: GAL; OTCQB: GALKF), founded in 1996 and headquartered in Toronto, Canada, engages in the acquisition, exploration, development and production of gold properties, primarily through its Omagh Project near Omagh, County Tyrone, Northern Ireland, where it operates the Cavanacaw Mine producing gold doré bars and by-product silver and lead concentrates via non-toxic froth flotation processing without mercury or cyanide; the company also explores the Gairloch Project in Scotland, hosting the Kerry Road gold-bearing volcanogenic massive sulfide deposit, and holds licenses for gold, silver and base metals including zinc, copper and lead to the west of Omagh plus additional areas in the Republic of Ireland. Operations transitioned from open-pit to underground mining following planning permission, with approximately three kilometres of underground development completed to extract deeper ore for the processing plant, while ongoing drilling targets resource expansion in a major gold district near the Curraghinalt deposit. In November 2025, the company announced a C$13.5 million upsized financing to support exploration and option payments for the Indiana gold-copper project in Chile via its pending acquisition of RDL Mining Corp., expected to close in Q4 2025, and entered a joint venture with Ocean Partners providing US$3 million initial funding plus an option for US$5 million more for Omagh exploration and restart, with Galantas free-carried during the initial term.