Galantas Gold: Not Your Average Junior Miner

Using the luck of the Irish on the way to a golden future.

If you haven’t noticed, the world’s been rather unstable recently. Between the pandemic, the war in Ukraine, high inflation, and a perpetually ballooning U.S debt load, it’s not unreasonable to think that things could be getting much worse sooner rather than later.

The good thing is that when times get tough, there can be places to hide and ride out the storm. As governments, institutions, and individuals around the world stay worried about what’s about to break next, one asset class has been retesting all-time highs last seen at the height of the pandemic.

You guessed it, it’s gold.

Source(1)

As gold prices skyrocket, so too are the companies looking for and producing the precious metal. It makes perfect sense.

Enter Galantas Gold, one of the most promising and scrappy, junior gold miners out there, which is backed by the mining industry’s biggest names (like Eric Sprott, Ross Beaty, and Mike Gentile). Coming off an exciting batch of high-grade discoveries, the company is strategically building out its promising exploration and production agenda on the path to a golden future.

Summary

👉 The Golden Case

👉 Not Your Average Junior Miner

👉 A Golden Opportunity

👉 The Bottom Line

The Golden Case

To many investors, gold is the ultimate macro hedge against the world falling apart and the weakness of its currencies.

To give you a sense of how much attention gold has been getting, emerging markets and their central banks have been increasing their gold holdings as a way to insulate from monetary dilution. Gold allocations as a percentage of emerging market central bank reserves have been rising in recent years(2) which have insulated their currencies from volatility during distressed times (like now). In 2022 alone, demand for gold soared driven by eastern and global central banks to levels that haven’t been seen in over 10 years(3).

Source (4)

While the U.S dollar went on a tear in 2022, driving a big drop in gold prices, a major reversal took place in 2023 sending gold and gold-related stocks higher. Renewed concerns around the USD’s reserve currency status and heightened inflation expectations were main contributors.

If the USD continues to fall, it’s possible gold’s trajectory could be sustained, pushing gold-related stocks even higher. It’s no wonder GLD (the world’s largest ETF made up of physically backed gold) has outperformed the S&P this year.

Both the near- and long-term backdrops for gold look constructive, especially given China’s reopening and potential higher spending on gold or jewelry products out east. When the macro for gold is good, you want to be paying attention to companies that mine it. That’s why it’s never been a better time to be watching Galantas Gold.

Not Your Average Junior Miner

If you haven’t heard of Galantas, it’s one of the most promising junior gold miners out there. The company is one of the first movers in the Irish gold scene and is leading the charge to explore the promising Omagh gold project with an exclusive license.

In addition to being a gold explorer, the company has the physical mine infrastructure in place to succeed. All of those factors aren’t common for a gold company of Galantas’ size, but it’s got big goals on the way to finding more gold.

When it comes to the gold business, where you drill is as important as who is running the ship. With a stacked leadership team that possesses decades of experience in the mining industry like CEO Mario Stifano, Galantas has the right physical and people assets to make it big.

Additionally, the company is backed by prolific mining investors like Eric Sprott, Ross Beaty, and Mike Gentile who have each done very well for themselves in the space over the course of their careers.

A Golden Opportunity

Gold mining and production is a risky business, but Galantas isn’t your average junior miner. Similar to real estate, the name of the mining game comes down to location, location, location, and Galantas looks to have a prime plot.

Unlike most gold properties, Galantas’ flagship Omagh project is already showing a high-grade deposit and wide gold veins. Not only are those two things like peanut butter and jelly for a gold miner, but they are also being discovered without having to go deep into the earth. That’s not something you see everyday.

To make things even better, Galantas has transitioned from open pit to underground mining which is a major feat for a smaller miner that’s keeping its financing structure tight. Most miners look to open pit operations early in their life cycle due to their lower costs, but an underground mine will enable Galantas to easily exploit the veins it’s already found in a more profitable and environmentally friendly way.

The consistency and predictability in which Galantas has been hitting discoveries is impressive, even to the company’s own CEO (who is an industry vet and has raised over $750 million in equity and debt to fund other projects). This golden combination of high-grade deposits, underground operations, wide veins, and significant exploration upside make Galantas a story that the entire gold industry could be watching.

The last time an asset like this was discovered—Dalradian Gold’s Curraghinalt deposit—it was acquired for $537M CAD in 2018 (a 60% premium) when gold was trading at approximately $1,270 per ounce (5). The funny thing is that the same asset is right by Omagh and that’s a good thing in the gold world. In fact, Omagh shares a very similar lithological and structural setting with Curraghinalt.

From the Carolinas in the U.S. to Newfoundland in Canada, to the island of Ireland, and up into Scotland, this was all one land mass brought together along major fault lines. The faults created pathways for ore-bearing fluids to rise up from the crust resulting in mineral-rich deposits, including gold and base metals. Northern Ireland hasn’t conducted a lot of exploration other than Dalradian. Now that Newfoundland has seen significant discoveries recently, Galantas is positioning itself for the same success.

No wonder this company is backed by some of the most prolific gold investors ever.

The Bottom Line

As gold trades near all time highs on the back of a deteriorating U.S. and global economy, U.S dollar, and persistently high inflation, the future looks bright for the commodity and those who produce it. Galantas Gold’s rare combination of a promising asset, established infrastructure, seasoned leadership, and key backers put it in an exciting position to succeed in ways other gold companies wish they could.

Having just inked a ~$3M financing (6), near term catalysts include the further drilling and exploration of its Omagh project, and the start of drilling at the company’s newly acquired Gairloch project in Scotland (7).

To learn more about Galantas, check out their website here.

1 Yahoo Finance (April 20th 2023)

2 https://www.moneytalkgo.com/video/can-the-gold-rally-last/?linkId=210725365

3 https://www.weforum.org/agenda/2022/11/central-banks-gold-market-economy-global

4 https://www.weforum.org/agenda/2022/11/central-banks-gold-market-economy-global

5 https://galantas.com/investors/presentations/

6 https://galantas.com/news/galantas-gold-announces-closing-of-c-2.9-million-private-placement-of-units-and-terms-of-shares-for-debt-transaction-and/

7 https://galantas.com/news/galantas-gold-to-commence-drilling-at-the-10-km-gairloch-gold-rich-vms-project/

Gritcapital.substack.com (“Grit”) is a website owned and operated by Substack. Grit is paid fees by the companies that make investment offerings on this website. Be aware that payment of these fees may put Grit in a conflict of interest with the investor. By accessing this website or any page thereof, you agree to be bound by the Terms of Use and Privacy Policy, in effect at the time you access this website or any page thereof. The Terms of Use and Privacy Policy may be amended from time to time. Nothing on this website shall constitute an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction where such an offer or solicitation is against the law or to anyone to whom it is unlawful to make such offer or solicitation. Grit is not an underwriter, broker-dealer, Title III crowdfunding portal or a valuation service and does not engage in any activities requiring any such registration. Grit does not provide advice on investments or structure transactions. Offerings made under Regulation A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) are available to U.S. investors who are “accredited investors” as defined by Rule 501 of Regulation D under the Securities Act well as non-accredited investors, who are subject to certain investment limitations as set forth in Regulation A under the Securities Act. In order to invest in Regulation A offerings, investors may be asked to fill out a certification and provide necessary documentation as proof of your income and/or net worth to verify that you are qualified to invest in offerings posted on this website. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. Grit does not verify the adequacy, accuracy or completeness of any information. Neither Grit nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, valuations of securities or completeness of any information on this site or the use of information on this site. Neither Grit nor any of its directors, officers, employees, representatives, affiliates or agents shall have any liability whatsoever arising from any error or incompleteness of fact, or lack of care in the preparation of, any of the materials posted on this website. Investing in securities, especially those issued by start-up companies, involves substantial risk. investors should be able to bear the loss of their entire investment and should make their own determination of whether or not to make any investment based on their own independent evaluation and analysis.

The information contained on this website has been prepared by the paid advertiser Galantis Gold Corp. The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the paid advertiser. Galantis Gold Corp. has paid $65,000 to have this content (in addition to other content on other social media sites) created and published. GetVersed is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.

The information contained on this website has been prepared by the paid advertiser. The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the paid advertiser.

Grit Capital Corporation is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL FINANCIAL ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION.

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

The publisher, its affiliates, and clients of the publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.