Galantas Gold sells remaining 20% of Omagh Project to Ocean Partners UK
Galantas Gold has sold its final 20% indirect stake in the Omagh gold project, located across Northern Ireland's counties Tyrone and Fermanagh, to Ocean Partners UK. The transaction was completed for $5 million, with a portion used to settle existing debt owed by Galantas to Ocean Partners. This follows an earlier joint venture agreement from June 2025 where Ocean Partners converted approximately $14 million in debt into an 80% stake in two of Galantas' subsidiaries. The Omagh Project spans roughly 189km² and is now fully owned by Ocean Partners after the sale. Galantas CEO Mario Stifano stated that this move aligns with the company's strategy to focus on other gold and copper assets, such as the Andacollo Gold Project in Chile.
Topics: Gold Project Mining Stake Transfer