Galantas Report Financial Results for the Quarter Ended March 31, 2025

Core Viewpoint - Galantas Gold Corporation reported its unaudited financial results for the first quarter of 2025, highlighting a net loss and a significant working capital deficit compared to the previous year [1][2][3]. Financial Performance - Revenue for the quarter ended March 31, 2025, was $0, consistent with the same period in 2024 [2]. - Total expenses for operations decreased to $14,935 in Q1 2025 from $17,332 in Q1 2024 [2]. - The net loss for the quarter was $1,225,116, an increase from a loss of $653,616 in Q1 2024 [3]. - Cash loss from operating activities before changes in non-cash working capital was $51,250 in Q1 2025, down from $432,610 in Q1 2024 [3]. - The company had a cash balance of $729,387 at the end of Q1 2025, a decrease from $1,288,200 at the end of Q1 2024 [3]. - The working capital deficit increased to $17,274,760 in Q1 2025 from $11,290,856 in Q1 2024 [3]. Operational Highlights - The company has maintained a zero lost time accident rate since the start of underground operations, emphasizing its commitment to safety [4]. - Environmental monitoring indicates a high level of regulatory compliance [4]. Additional Information - Detailed results and Management Discussion and Analysis (MD&A) are available on the company's website and SEDAR [5]. - The financial components of the disclosure have been reviewed by qualified personnel, ensuring accuracy in reporting [6].