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Galantas Gold Company (the ‘Firm’) is happy to announce its unaudited monetary outcomes for the Quarter ended September 30, 2025.
Monetary Highlights
Highlights of the third quarter 2025 outcomes, that are expressed in Canadian {Dollars}, are summarized beneath:
| All figures denominated in Canadian {Dollars} (CDN$) | Quarter Ended September 30 |
|||||
| 2025 | 2024 | |||||
| Income | $ | 0 | $ | 0 | ||
| Value and bills of operations | $ | (15,569) | $ | (22,283) | ||
| Loss earlier than the undernoted | $ | (15,569) | $ | (22,283) | ||
| Depreciation | $ | (90,576) | $ | (110,126) | ||
| Normal administrative bills | $ | (1,761,260) | $ | (1,174,156) | ||
| International change achieve (loss) | $ | (106,064) | $ | (26,553) | ||
| Unrealized achieve on spinoff truthful worth adjustment | $ | (156,025) | $ | 592,489 | ||
| Acquire on extinguishment of convertible debentures | $ | 10,470 | $ | 0 | ||
| Loss on disposal of curiosity in subsidiaries | $ | (2,885,663) | $ | 0 | ||
| Internet (Loss) for the quarter | $ | (5,004,687) | $ | (740,629) | ||
| Working Capital Deficit | $ | (2,557,662) | $ | (14,098,845) | ||
| Money achieve/(loss) from working actions earlier than modifications in non-cash working capital | $ | 146,134 | $ | 21,801 | ||
| Money at September 30, 2025 | $ | 19,943 | $ | 383,011 | ||
Gross sales income for the quarter ended September 30, 2025 amounted to $ Nil in comparison with income of $ Nil for the quarter ended September 30, 2024. Shipments of focus commenced throughout the third quarter of 2019. Focus gross sales provisional revenues totalled US$ 566,000 for the third quarter of 2025 in comparison with US$ 528,000 for the third quarter of 2024. Till the mine commences industrial manufacturing, the online proceeds from focus gross sales are being offset in opposition to improvement belongings.
The Internet Loss for the quarter ended September 30, 2025 amounted to $ 5,004,687 (2024: $ 740,629) and the money influx from working actions earlier than modifications in non-cash working capital for the quarter ended September 30, 2025 amounted to $146,134 (2024: money influx $21,801).
The Firm had a money stability of $ 19,943 at September 30, 2025 in comparison with $ 383,011 at September 30, 2024. The working capital deficit at September 30, 2025 amounted to $ 2,557,662 in comparison with a working capital deficit of $ 14,098,845 at September 30, 2024
The Firm exhibits a loss on disposal of curiosity in subsidiaries at quarter finish September 30, 2025 amounting to $ 2,885,663 in comparison with $ nil within the earlier interval. Flintridge and Omagh are actually proven below Funding in Associates on the stability sheet.
Security is a excessive precedence for the Firm and we proceed to spend money on safety-related coaching and infrastructure. The zero misplaced time accident charge because the begin of underground operations continues. Environmental monitoring demonstrates a excessive stage of regulatory compliance.
The detailed outcomes and Administration Dialogue and Evaluation (MD&A) can be found on www.sedar.com and www.galantas.com and the highlights on this launch ought to be learn at the side of the detailed outcomes and MD&A. The MD&A supplies an evaluation of comparisons with earlier durations, tendencies affecting the enterprise and threat components.
Certified Particular person
The monetary parts of this disclosure have been reviewed by Alan Buckley (Chief Monetary Officer) and the manufacturing and allowing parts by Brendan Morris (COO), certified individuals below the which means of NI. 43-101. The knowledge is predicated upon native manufacturing and monetary knowledge ready below their supervision.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press launch comprises forward-looking statements inside the which means of america Non-public Securities Litigation Reform Act of 1995 and relevant Canadian securities legal guidelines, together with revenues and price estimates, for the Omagh Gold venture. Ahead-looking statements are based mostly on estimates and assumptions made by Galantas in gentle of its expertise and notion of historic tendencies, present circumstances and anticipated future developments, in addition to different components that Galantas believes are applicable within the circumstances. Many components might trigger Galantas’ precise outcomes, the efficiency or achievements to vary materially from these expressed or implied by the ahead trying statements or technique, together with: gold worth volatility; discrepancies between precise and estimated manufacturing, precise and estimated metallurgical recoveries and throughputs; mining operational threat, geological uncertainties; regulatory restrictions, together with environmental regulatory restrictions and legal responsibility; dangers of sovereign involvement; speculative nature of gold exploration; dilution; competitors; lack of or availability of key workers; extra funding necessities; uncertainties relating to planning and different allowing points; and faulty title to mineral claims or property. These components and others that might have an effect on Galantas’s forward-looking statements are mentioned in higher element within the part entitled “Danger Components” in Galantas’ Administration Dialogue & Evaluation of the monetary statements of Galantas and elsewhere in paperwork filed once in a while with the Canadian provincial securities regulators and different regulatory authorities. These components ought to be thought-about fastidiously, and individuals reviewing this press launch mustn’t place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to replace or revise any forward-looking statements on this press launch, besides as required by legislation.
Enquiries
Galantas Gold Company
Mario Stifano – CEO
E mail: data@galantas.com
Web site: www.galantas.com
Phone: 001 416 453 8433
Grant Thornton UK LLP (Nomad)
Philip Secrett, Harrison Clarke, Elliot Peters
Phone: +44(0)20 7383 5100
SP Angel Company Finance LLP (AIM Dealer)
David Hignell, Charlie Bouverat (Company Finance)
Grant Barker (Gross sales and Broking)
Phone: +44(0)20 3470 0470
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