Galantas Gold Signs Gold and Silver Sales Contract With Ocean Partners

Bitget2026/11/04 23:32

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Galantas Gold signed a doré purchase contract with Ocean Partners on November 4, 2026, covering Chile's Andacollo Gold project.
Ocean Partners will purchase 100% of the project's refined gold and silver through three full calendar years following commercial production, subject to extensions.
The agreement provides a conditional advance payment facility of up to US$ 10 million against future production to support working capital.
Advances bear interest at three-month CME Term SOFR plus 4.5%, repayable through metal deliveries or cash within 120 days of drawdown.
Ocean Partners owns or controls more than 10% of outstanding shares, making the agreement a related-party transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galantas Gold Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202611041736NEWSFILECNPR____20261104_322607_1) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Galantas Gold Signs Gold and Silver Sales Contract With Ocean Partners

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