On May 28, 2026, Galantas Gold Corporation closed its previously announced brokered private placement of 181,819,000 units at a price of $0.55 per unit, for aggregate gross proceeds of $100,000,450. The aggregate size reflected the full exercise of the agents' option granted in connection with the offering, which was originally announced on May 10, 2026 at up to $85 million. Each unit consisted of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at $0.80 for a period of 24 months from closing. The offering was led by Canaccord Genuity Corp. as lead agent and sole bookrunner on behalf of a syndicate that also included Haywood Securities Inc., SCP Resource Finance LP and BMO Nesbitt Burns Inc. The offering attracted participation from strategic and institutional investors, including Eric Sprott, Ocean Partners UK Limited and Melquart Limited, who held approximately 18.45 percent, 13.55 percent and 8.05 percent of Galantas, respectively, following the placement. Following the issuance, Galantas had 734,628,488 common shares outstanding. Net proceeds are earmarked to fund exploration and development at the Indiana gold and copper project and, subject to closing of the pending acquisition, the Andacollo gold project, both in Chile, with the company targeting production in early 2027.