[SMM Flash News] Galantas Gold Completes $100M Private Placement for Chile Projects

Published: May 30, 2026 23:23

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Galantas Gold Corporation has successfully closed a $100 million private placement, issuing 181 million units at $0.55 each. Backed by strategic shareholders including Eric Sprott, Ocean Partners, and Melquart, the net proceeds are earmarked to fund exploration and development at the Indiana gold and copper project, as well as the pending Andacollo gold project in Chile. If the Andacollo acquisition is not approved, its designated funds will be reallocated. The capital injection aims to rapidly advance both assets toward production by early 2027.

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