en.Wedoany.com Reported - Galantas Gold Corp (GAL:TSX; AIM:GAL; GALKF:OTCQB) has acquired a three-stage crushing plant and related agglomeration plant equipment located in Mexico for US$4.2 million, with a processing capacity of 20,000 tonnes per day. The equipment is planned to be installed at its wholly-owned Andacollo Gold Project in Chile to support the project's development.

Following the acquisition, the company has begun actively executing the project, with engineering, site operations, permitting, and procurement work underway. Galantas still plans to commence gold production at Andacollo in the first quarter of 2027.

The company has commissioned M3 Engineering & Technology Corp. to transport these assets to its exploration operations area in Chile. M3 will be responsible for plant documentation, dismantling planning, logistics, transportation engineering, and preparation for reassembly.

Galantas CEO Mario Stifano stated that this acquisition represents a significant execution milestone for the company, substantially advancing the development of the Andacollo Gold Project. Securing this proven crushing plant reduces project execution risk, shortens the development timeline, and saves capital compared to building a new crushing facility. The company has now transitioned from the project planning phase to active execution.

Completion of the acquisition is subject to a definitive purchase agreement and satisfaction of customary conditions, with no obstacles currently anticipated. The crushing plant, designed with a processing capacity of 20,000 tonnes per day, will be an important component of the company's restart strategy and Andacollo development plan.

Additionally, the company plans active drilling at the El Saunce and Toro targets, targeting high-grade gold-copper mineralization. A preliminary economic assessment is also planned for release in the second half of 2026.