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Galway Metals Announces Filing of NI 43-101 Technical Report for Previously Announced Estrades Preliminary Economic Assessment
Accessnewswire· 2026-02-19 22:00
TORONTO, ON / ACCESS Newswire / February 19, 2026 / Galway Metals Inc. (TSXV:GWM) ("Galway Metals" or the "Company") is pleased to announce that the Company has filed on SEDAR+ a Preliminary Economic Assessment ("PEA") technical report for Galway's 100% owned Estrades Project ("Estrades") located in the northern Abitibi of Western Quebec. The independent technical report (the "Report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") has an ...
Galway Metals Commences Updated Mineral Resource Estimate at Clarence Stream Gold Project
Accessnewswire· 2026-02-05 12:00
TORONTO, ON / ACCESS Newswire / February 5, 2026 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to announce that it has commenced work on an updated National Instrument 43-101 compliant Mineral Resource Estimate ("MRE") for its 100%-owned Clarence Stream Gold Project, located in southwest New Brunswick, Canada. The Clarence Stream Gold Project currently hosts a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz. ...
Clarence Stream Drilling Intersects 7.1 g/t gold over 10.0m Including 13.2 g/t over 5.0m at Southwest Deposit
Accessnewswire· 2026-01-28 12:00
Core Viewpoint - Galway Metals Inc. has reported positive drill results from the Southwest Deposit of its Clarence Stream high-grade gold project, indicating significant potential for gold resources in New Brunswick, Canada [1] Group 1: Drill Results - The company announced results from 7 diamond drill holes at the Southwest Deposit [1] - The Clarence Stream Gold Project has a district-scale potential with an approximately 65-kilometre strike length of highly prospective gold showings and anomalies [1] Group 2: Resource Estimates - The 2022 Mineral Resource Estimate (MRE) for the project is 12.4 million tonnes at a grade of 2.3 grams per tonne (g/t) gold, which equates to approximately 922,000 ounces of gold [1]
Galway Metals Reports Robust PEA Results with 33% and 61% After Tax IRR, Using both Long Term and Spot Pricing Scenarios, Respectively
Accessnewswire· 2026-01-21 22:30
The second option is to construct our own mill. The toll-milling option is clearly a quicker and more efficient way to achieve production with a more modest capital expenditure of $117 million as well. Financially, the project is estimated to be a low-cost producer with AISC of US$1,987 per ounce. Management will push both the toll mill and build our own mill scenarios as we move forward. Our plans for the next 12 months are to continue to further optimize the project. More specifically, a work program full ...
Galway Metals Enters Into Option and Joint Venture Term Sheet With DOWA METALS & MINING CO., LTD. for its Estrades Project
Accessnewswire· 2026-01-14 22:30
Core Viewpoint - Galway Metals Inc. has entered into a binding Option and Joint Venture Term Sheet with DOWA METALS & MINING CO., LTD., allowing DOWA to earn up to a 45% interest in the Estrades Gold and Zinc Project in Quebec, Canada, along with zinc concentrate offtake rights [1][2]. Group 1: Joint Venture Details - DOWA can earn a 45% participating interest in the Estrades project through three phases of funding, totaling up to US$25 million [1][2]. - Phase I involves a US$5 million investment for a 10% interest and the right to purchase 50% of the zinc concentrate produced [3]. - Phase II requires an additional US$10 million investment, increasing DOWA's interest to 30% and zinc offtake rights to 75% [4][5]. - Phase III, with another US$10 million, would grant DOWA a total of 45% interest and 100% zinc offtake rights, focusing on feasibility study preparation [6]. Group 2: Project Background - The Estrades project is a 100%-owned asset of Galway Metals, located in the Abitibi region, known for its high-grade, gold-rich polymetallic VMS deposits [1][8]. - Galway Metals is also advancing its flagship Clarence Stream gold project, which has a significant exploration strike length and is open in virtually all directions [8]. Group 3: Management and Expertise - Robert Hinchcliffe, President & CEO of Galway Metals, emphasized the value of partnering with DOWA, citing their expertise in zinc concentrate processing and project development [2]. - The management team of Galway Metals has a proven track record, having previously sold Galway Resources for US$340 million, indicating strong potential for shareholder value creation [9].
Galway Metals Announces Closing of Private Placement
Globenewswire· 2025-12-11 17:29
Core Viewpoint - Galway Metals Inc. has successfully closed a non-brokered private placement, raising approximately $461,899.80 through the issuance of 855,370 units at a price of $0.54 per unit [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one half of a transferable common share purchase warrant, with warrants allowing the purchase of one common share at an exercise price of $0.80 for three years [2]. - A finder received a cash fee of $13,859.10 and 25,665 common share purchase warrants, with each warrant allowing the purchase of one common share at $0.54 for three years [3]. - All securities issued are subject to a hold period of four months and one day, expiring on April 12, 2026, and the placement is pending final approval from the TSX Venture Exchange [3]. Group 2: Company Overview - Galway Metals is focused on creating significant per share value through exploration and sustainable development of its two 100%-owned projects in Canada [4]. - The flagship project, Clarence Stream, is a major gold district in Atlantic Canada with a high-grade gold resource, while Estrades is a former high-grade gold and zinc-rich polymetallic mine in Quebec [4]. - The company aims to replicate its previous success following a $340 million sale of Galway Resources by leveraging its promising projects in Canada [4].
Galway Metals Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$11.5 Million and a Separate Non-Brokered Private Placement for Gross Proceeds of Approximately C$462,000
Globenewswire· 2025-12-10 16:07
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to announce the closing of its previously announced “best efforts” private placement (the “Offering”) for aggregate gross proceeds of approximately C$11,500,000, which includes the exercise in full of the agent’s option. Pursuant to the Offering, the Company sold (i) 4,629,630 units of the Company ...
Galway Metals Reports High-Grade Drilling at North Deposit Intersects 18.0 g/t Gold Over 3.0m from 53m Depth
Accessnewswire· 2025-11-25 12:00
TORONTO, ON / ACCESS Newswire / November 25, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results for ten diamond drill holes from the North Deposit within its 100%-owned flagship Clarence Stream gold project in New Brunswick, Canada. Clarence Stream hosts district-scale potential along a 65-kilometre strike length of highly prospective gold showings, anomalies and a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz. ...
Galway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
Globenewswire· 2025-11-19 22:56
Core Points - Galway Metals Inc. has entered into an agreement with Red Cloud Securities Inc. for a private placement aiming to raise up to C$10,000,000.55 through the sale of units and flow-through units [1][4] - The offering includes 3,703,704 units priced at C$0.54 each and 10,596,027 flow-through units priced at C$0.755 each [1][2] - The proceeds will be used for exploration of the Clarence Stream gold project and for general corporate purposes [4][5] Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one flow-through share and one-half of a warrant [2] - The warrants allow the holder to purchase one common share at C$0.80 within 36 months after the closing date [2] - An option is granted to Red Cloud to sell an additional C$1,500,000 in units and flow-through units prior to the closing [3] Regulatory and Closing Information - The offering is subject to regulatory approvals and is scheduled to close on December 10, 2025 [8] - The securities will be offered to purchasers in several Canadian provinces and may also be sold in offshore jurisdictions [6] Company Overview - Galway Metals is focused on advancing its 100%-owned Clarence Stream gold project in New Brunswick, which has a significant exploration potential [11] - The company also owns the Estrades project, a former high-grade polymetallic mine in Quebec [11] - The management team has a proven track record of creating shareholder value, having previously sold Galway Resources for US$340 million [11]
Galway Hires Stephen Poitras to Help Advance the High-Grade Estrades Gold and Zinc Project
Accessnewswire· 2025-10-15 21:00
TORONTO, ON / ACCESS Newswire / October 15, 2025 / Galway Metals Inc. (TSXV:GWM) (OTCQB:GAYMF) (the "Company" or "Galway") is pleased to announce the addition of Stephen Poitras as Manager for the Company's Estrades Gold and Zinc Project located in the northern Abitibi of western Québec, Canada. The 100%-owned Estrades Project is a high-grade, gold- and zinc-rich volcanogenic massive sulphide (VMS) deposit. ...