Business
Galway Metals Reports Robust PEA Results with 33% and 61% After Tax IRR, Using both Long Term and Spot Pricing Scenarios, Respectively
TORONTO, ON / ACCESS Newswire / January 21, 2026 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to announce the results of an independent Preliminary Economic Assessment ("PEA") for the development of the company's ...
About this update from Galway Metals, Inc.
[{"type":"text","content":"TORONTO, ON / ACCESS Newswire / January 21, 2026 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to announce the results of an independent Preliminary Economic Assessment ("PEA") for the development of the company's 100% owned Estrades Project located in the Abitibi region of northwestern Québec. This PEA has been completed on a Toll Milling scenario; no toll‑milling agreement is currently in place, and no discussions have been held with the mill owner. The PEA has been prepared by BBA E&C Inc. and SLR Consulting (Canada) Ltd. ("SLR") in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The NI 43-101 Technical Report for the PEA will be filed within the next 45 days and will be made available under the Company's profile on SEDAR+ and on the Company's website.","length":926,"tagName":"p"},{"type":"text","content":"Rob Hinchcliffe, Chief Executive Officer, commented "As the gold price moves higher it only boosts the returns on this high-grade gold-zinc project. Using the long-term consensus metal price forecasts (gold price of US$3,137), which form the primary economic basis of this PEA, we are pleased to report 33% After tax IRR, along with an NPV @ 5% of $212 million for the Estrades Project. If we use the spot metal prices outlined in Table 2, we find the after-tax IRR rises to 61%, NPV @5% rises to $518 million for the Estrades Project with cash flows and pay back also improving accordingly".","length":602,"tagName":"p"},{"type":"text","content":""This report is extremely timely following the agreement between Galway and Dowa Metals and Mining Co. Ltd. (Dowa) to explore developing Estrades. We are delighted that Estrades is now creating value for Galway shareholders, and we believe that much more value will be created during the next several years. We are contemplating two production scenarios: one founded on toll mill - there are two operating mills currently operating well below rated commercial capacity and within trucking distance to the Estrades Project. When the Estades mine was in production in 1990 for twelve months, ore was custom milled at the Matagami Concentrator. As noted earlier, no toll‑milling agreement is in place at this time; the Toll Mill...