Galantas Gold Secures the Last Key Permitting Approval for Andacollo Gold Project

Galantas Gold Corporation has received final regulatory approval from Chile's SERNAGEOMIN for the operational reactivation of the Ripios Dumps, or leach waste dumps, at its Andacollo Gold Project. This authorization, combined with permits granted in early August 2026, provides the company with all key regulatory approvals necessary to resume operations under the existing mine design and safety conditions.

The approval covers a four-year operating period starting from the beginning of mineral extraction, or until the remaining authorized capacity of approximately 16.4 million tonnes, representing 81% of total capacity, is exhausted. Operations will proceed under the same technical, environmental, and safety parameters previously approved.

The company is currently advancing engineering, procurement, infrastructure rehabilitation, and contractor planning. Management explicitly states that no production decision has been made; any restart remains subject to further technical, operational, and financial reviews, financing availability, and formal board approval.

Galantas Gold Corporation (GAL) has secured the final permit for the Ripios Dumps, a procedural milestone that follows broader permitting approvals received on August 5 and 6, 2026. While this development removes a regulatory overhang and confirms the permitting path is clear, it does not trigger immediate cash flow or guarantee production. The company explicitly noted that no production decision has been made, underscoring that execution risk remains high.

The update aligns with previous expectations and the company's stated timeline targeting a Q1 2027 restart. This step is considered a necessary administrative action rather than a market-moving catalyst, with the market likely having already priced in the permitting progress as part of the broader acquisition and restart narrative.

Galantas Gold Corporation is a TSX Venture and AIM-listed exploration and development company focused on Chilean assets. Its flagship asset is the Andacollo Gold Project, located in the Coquimbo region of Chile. Andacollo is a past-producing open-pit heap-leach operation that historically produced approximately 1.12 million ounces of gold between 1998 and 2018.

The company acquired 100% control of Andacollo in June 2026 for a total cash consideration of $32.5 million, structured in staged payments through 2029, alongside the assumption of $3.0 million in debt and two silver streaming agreements.

Galantas also holds the Indiana Gold-Copper Project in Chile, which features an inferred resource of 4.93 million tonnes grading 2.24 g/t Au and 1.31% Cu. The company is advancing a PEA and targeting production by late 2027.