Galantas Report Financial Results for the Quarter Ended June 30, 2025

Executive Summary

• Galantas Gold reported a net loss of CDN$710,035 for the quarter ended June 30 2025, an improvement from the prior‑year loss of CDN$1.59 M.
• Cash balance declined to CDN$245,085, and working capital deficit widened to CDN$18.51 M versus CDN$12.59 M a year earlier.
• No revenue was generated during the quarter; concentrate sales remain nil pending commercial production.

Key Details

• Revenue: $0 for Q2 2025 (same as Q2 2024).
• Cost & Expenses of Operations: $(14,471) CDN$ vs. $(30,318) CDN$ in Q2 2024.
• Depreciation: $(93,803) CDN$ vs. $(107,281) CDN$ YoY.
• General Administrative Expenses: $(1,274,016) CDN$ vs. $(1,507,639) CDN$ YoY.
• Foreign Exchange Gain (Loss): $656,841 CDN$ (gain) vs. $(31,399) CDN$ loss in Q2 2024.
• Unrealized Gain on Derivative Fair Value Adjustment: $48,747 CDN$ vs. $85,018 CDN$ YoY.
• Write‑down of Prepaid Expenses: $(33,333) CDN$ (no write‑down in 2024).
• Net Loss for the Quarter: $(710,035) CDN$ (2024: $(1,591,619) CDN$).
• Cash Loss from Operating Activities (pre‑non‑cash changes): $(151,930) CDN$ (2024: $(961,910) CDN$).
• Cash at June 30 2025: $245,085 CDN$ (down from $395,514 CDN$ on June 30 2024).
• Working Capital Deficit: $18,510,440 CDN$ (up from $12,593,186 CDN$ YoY).
• Safety & Environmental Compliance: Zero lost‑time accidents reported; regulatory compliance affirmed.

Notable Quotes

(No direct quotes were provided in the release.)