Galantas Gold Corporation has confirmed the fairness of historic loan advances totalling £176,965 from its majority shareholder Melquart Ltd. NOMAD The Canadian company, developing the Cavanacaw mine in Omagh and the Gairloch project in Wester Ross, received a November 2024 advance of £76,965 and April 2025 advance of £100,000. The funds provided general working capital […]
Tag: Galantas Gold Corporation
Galantas looks to solar power for Cavanacaw
Galantas Gold Corporation has agreed in principle with its former chief executive’s plans for solar power at the Cavanacaw gold mine in Omagh, County Tyrone. WIN-WIN Shareholder G&F Phelps Ltd, controlled by Roland Phelps, proposes to develop a two-megawatt facility with battery storage. Galantas expects the project to boost significantly power generation on site and […]
Galantas completes trial stoping at Cavanacaw
Galantas Gold Corporation said it had increased confidence in developing Cavanacaw gold mine after completing trial stoping at the site in Omagh, County Tyrone. OPTIMISATION The Canadian company successfully mined and backfilled six stopes using a narrow vein, modified Avoca longhole open stoping method, in two separate blocks. A planned minimum stope width of 2.2 […]
Galantas plans Kearney North surface drill
Galantas Gold Corporation plans to surface drill test the Kearney North target for a northern extension at Cavanacaw in Omagh, County Tyrone. POTENTIAL The Canadian company said that the deposit area had “well developed” sulphide rich, gold-bearing veins. “Geological modelling suggests that a concealed ore shoot may lie to the north of the site at […]
Galantas converts loans into 235,000 shares
Galantas Gold Corporation has converted US$60,000 debentures from late 2023 into 235,294 common shares issued at a price of $0.255 each. Following admission, the company will have $5,278,000 in debentures remaining in issue and 114,770,587 common shares.
Galantas issues 3m stock options
Galantas Gold Corporation has awarded 3,175,000 incentive stock options on the company’s common shares to its directors, employees and consultants. The options, which have an exercise price of C$0.23 and expire on 29 April 2029, were granted in accordance with the Canadian company’s incentive stock option plan and approved by the board on 23 April. One […]