Galantas Gold Unit, Ocean Partners USA Sign Purchase Contract for Doré, Refined Metal

05:52 AM EST, 11/05/2026 (MT Newswires) -- Galantas Gold's (GAL.L) subsidiary Galantas Gold Chile signed a purchase contract with Ocean Partners USA covering doré and refined metal from the company's Andacollo Gold project in Chile, according to a Thursday release. Under the deal, the gold and copper company's Chile arm will sell to Ocean Partners all the refined gold and silver contained in doré or other acceptable semi-refined product from the project, subject to terms and conditions. It may also request advance payments from Ocean Partners of up to $10 million outstanding against future production, subject to the value of recoverable metal on the heap leach pads and other conditions. The contract has an initial term that runs until three full calendar years after commercial production begins. It then renews automatically for successive 12-month periods unless either company terminates on 12 months' notice, which cannot be given until two full calendar years after commercial production starts. Ocean Partners holds over 10% of the company's voting rights.