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Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) announced it filed an NI 43-101 Preliminary Economic Assessment technical report for its 100% owned Estrades Project in Quebec. The project is a former high-grade gold and zinc producer with existing underground infrastructure and improved recovery results.
Red Cloud Securities analyst Ron Stewart initiates coverage of Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB), citing significant undervaluation of the company's 2.3-million-ounce Clarence Stream gold project in New Brunswick and the Estrades gold-base metal project in Quebec. Read on to see his rating and price target.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) has begun work on an updated NI 43-101 mineral resource estimate at its 100 percent owned Clarence Stream Gold Project. The update incorporates more than 69,500 meters of drilling completed since the last published estimate.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) reported results from seven diamond drill holes at the Southwest Deposit within the Clarence Stream gold project in New Brunswick. The company stated that the drilling linked gold mineralization from depth to near surface and extended mineralized zones beyond the existing resource area.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) released drill results from seven holes completed at the Southwest Deposit of the Clarence Stream gold project in New Brunswick. The company said the program connected deeper gold mineralization to surface while extending zones outside the 2022 resource footprint.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) released results from a preliminary economic assessment (PEA) for its 100%-owned Estrades Project, reporting an after-tax internal rate of return (IRR) of 33% using long-term gold prices and 61% under spot pricing. The PEA is based on a toll milling scenario and incorporates updated mineral resource estimates and projected production figures.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) announced results from a PEA at its 100%-owned Estrades Project, outlining an after-tax IRR of 33% using long-term gold prices and 61% under spot pricing. The study was based on a toll milling scenario and included updated resource estimates and production metrics.
Galway Metals Ltd.'s (GWM:TSX.V; GAYMF:OTCQB) agreement with Dowa Metals will allow for drilling of Estrades, already with a mineral resource estimate and with exploration potential, noted a Red Cloud Securities report. Keep reading for the details of the arrangement and near-term plans for the asset.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) has entered into a binding option and joint venture term sheet with Japan-based Dowa Holdings Co. Ltd. for its Estrades Project in Quebec. The staged agreement allows Dowa to earn up to a 45% interest and full zinc offtake rights through US$25 million in funding.
Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) has signed an option and joint venture term sheet with Dowa Holdings Co., Ltd. for its Estrades Project. The agreement allows Dowa to earn up to a 45% interest through US$25 million in staged funding and zinc offtake rights.
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Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) encountered 2.6 grams per ton (2.6 g/t) gold over 16 meters (16m), including 6.2 g/t over 5m at its Clarence Stream asset, from which more drill data are pending. Read on to discover the features of this company that one expert likes.
Galway Metals Ltd. (GWM:TSXV; GAYMF:OTCQB) intersected its thickest gold zone yet at Clarence Stream in New Brunswick, returning 1.1 g/t gold over 88 meters, confirming large-scale potential. Read how these results strengthen Galway's district-scale gold story in New Brunswick.
Galway Metals Ltd. (GWM:TSXV; GAYMF:OTCQB) reported 4.1 g/t gold over 16m, including 41.9 g/t over 1m, from shallow drilling at its 100%-owned Clarence Stream project in New Brunswick. With three active rigs and assays pending from 42 holes, the company continues to define and expand a district-scale resource in a high-demand gold market.
Galway Metals Inc. (GWM:TSXV; GAYMF:OTCQB) intersected 8.4 g/t gold over 4.0 meters in a step-out hole 350 meters beyond the existing North Deposit resource. Read how the shallow intercept could significantly reshape the open-pit potential at Clarence Stream.
Minable gold deposits are often found near where other discoveries have been made. It’s just a matter of time, money, and opportunity. One junior explorer has checked off all those boxes and already has a significant discovery in an old camp.
Ron Struthers of Struthers Resource Stock Report details the investment thesis for Galway Metals, which has two "advanced-stage" prospects in Canada.read more >
Expert Comments:
Ron Stewart, Red Cloud Securities
(1/16/26)
"Galway Metals Corp. has entered into a binding option and joint venture term sheet with Dowa Metals (private) to allow it to earn up to a 45% interest in its 100%-owned Estrades gold-zinc project located in the Abitibi region of northwestern Quebec, along with incremental zinc concentrate offtake rights. We view this agreement positively as it speaks to the quality and upside potential that is still available at the property."
2/24/2026 – Galway Metals Drilling Intersects 9.0 g/t Gold Over 6.0m Beginning 15.0m from Surface at Southwest Deposit
2/19/2026 – Galway Metals Announces Filing of NI 43-101 Technical Report for Previously Announced Estrades Preliminary Economic Assessment
2/5/2026 – Galway Metals Commences Updated Mineral Resource Estimate at Clarence Stream Gold Project
1/28/2026 – Clarence Stream Drilling Intersects 7.1 g/t gold over 10.0m Including 13.2 g/t over 5.0m at Southwest Deposit
1/14/2026 – Galway Metals Enters Into Option and Joint Venture Term Sheet With DOWA METALS & MINING CO., LTD. for its Estrades Project
1/7/2026 – Clarence Stream Drilling Intersects 2.6 g/t Gold Over 16.0m Including 6.2 g/t Over 5.0m at Southwest Deposit
11/25/2025 – Galway Metals Reports High-Grade Drilling at North Deposit Intersects 18.0 g/t Gold Over 3.0m from 53m Depth
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We believe the value proposition for GWM shares is compelling at current prices.
We believe that both projects will eventually become mines.
Galway Metal shares are currently trading at $14/per oz a sharp discount to valuation of approximately $50/ounce. junior average
Insider buying is always a good sign, as Robert Hinchcliffe the CEO of Galway Metals has purchased over 1 million shares in the open market in 2024.
The company also has the benefit of having both its 2 projects located in Canada, with very good infrastructure and offering investors very low geo-political risk.
catalyst Calendar
Press Release Stephen Poitras as consulatant to Estrades
Early October
SSR Mining Potential 10% Purchase
?They have done extensive due diligence thus far including in depth discussions with our employees and advisors in addition to the firm that did the last resource estimate at Clarence Stream. ?The head of Corporte Development, Dave Gale, ?is on a 2-week vacation and not back til November 13th. ?They just informed me they may want to do some geological modeling for themselves as well as part of their due diligence so could be a few more weeks for them to make a decision. ? ?