Galway Metals Inc. Advances Strategic Partnership with Dowa Metals & Mining

Galway Metals Inc. (TSX Venture: GALM) announced that it has entered into an option and joint‑venture term sheet with Dowa Metals & Mining Co. Ltd. (DOWA) for the Estrades Project, a zinc‑copper‑gold property located in Quebec, Canada. The term sheet grants Galway a 45 % option over the project, allowing the company to secure a substantial stake while retaining flexibility in the execution of the joint venture.

The Estrades option is a key element of Galway’s portfolio, which also includes gold projects in New Brunswick and a zinc‑copper‑gold mine in Quebec. By partnering with Dowa, a Japanese metals and mining operator with extensive experience in zinc and copper development, Galway aims to accelerate the development timeline and reduce capital requirements for Estrades.

Financial Context

As of the closing on 13 January 2026, Galway’s share price stood at $0.75 CAD, positioned below its 52‑week low of $0.32 CAD. The market capitalization was reported at $93.7 million CAD. The company’s price‑earnings ratio is negative, reflecting a -8.35 P/E, consistent with its status as a development‑stage exploration firm.

Strategic Implications

  • Capital Efficiency: The partnership with Dowa is expected to provide Galway with access to Dowa’s financial resources and technical expertise, potentially reducing the need for independent financing for Estrades.
  • Resource Development: With Dowa’s experience in zinc and copper, Galway anticipates accelerated exploration and feasibility studies, moving closer to production.
  • Portfolio Diversification: The option increases Galway’s exposure to multiple commodity streams—gold, zinc, and copper—enhancing risk distribution across its assets.

Market Reaction

Following the announcement, the stock traded within a narrow range, reflecting cautious optimism from investors. The company’s historical performance has shown volatility, with a 52‑week high of $0.93 CAD achieved on 23 December 2025. Analysts note that the partnership could be a catalyst for a positive shift in the company’s valuation, provided the joint venture progresses as planned.

Conclusion

Galway Metals Inc. has secured a significant option stake in its Estrades Project through a joint‑venture agreement with Dowa Metals & Mining. This development aligns with Galway’s strategy to leverage external expertise and capital to advance its mining projects, potentially positioning the company for future growth in the metals and mining sector.