Galantas Gold exits the Omagh project entirely, using $5 million in proceeds to clear debt and sharpen its focus on Chilean mineral assets including the Andacollo Gold Project.
Galantas Gold completed the sale of its remaining 20% Omagh stake, receiving cash and settling debt, which strengthens its balance sheet and supports strategic focus on Chilean assets.
Galantas Gold has finalized the sale of its remaining 20% indirect interest in the Omagh gold project to Ocean Partners UK for $5 million. The transaction settles $3.26 million in outstanding debt and provides a cash infusion, allowing the company to pivot its strategic focus toward its gold and copper assets in Chile.
The sale eliminates Galantas' remaining equity interest in the Omagh project, reduces debt by $3.26 million, and provides cash to fund the development of its Chilean gold and copper portfolio.