Haynes Boone advised Ocean Partners UK Limited in its joint venture with Galantas Gold Corporation to develop the Omagh Gold Project in County Tyrone, Northern Ireland.
The Omagh Gold Project is one of the few licensed gold mining operations in the United Kingdom and holds significant high-grade resources in Northern Ireland. With existing underground infrastructure and strong exploration potential at the Joshua and Kearney veins, the project will assist Ocean Partners in unlocking new growth through targeted drilling and development.
The Haynes Boone team advising Ocean Partners was led by Partners Nick Davis and Martin Pugsley, with support from Counsel Natalie Georgiou and Associate Michael Byrne.
Under the agreement, Ocean Partners converted approximately $14 million of existing loans into an 80 percent ownership interest in the subsidiaries holding the Omagh Project. Ocean Partners also committed an initial $3 million to support exploration, restart planning and related costs, with the option to provide an additional $5 million.
"We are pleased to have supported Ocean Partners on this important transaction,” said Davis. “The joint venture marks a significant step forward for the Omagh Gold Project and demonstrates the value of strategic investment in high-grade mining opportunities."
This transaction is the latest for the Haynes Boone London office, which has achieved a marked increase in transactional work spanning energy, mining, technology and life sciences, raising more than $350 million for clients through the first nine months of 2025.
Haynes Boone’s global Mergers & Acquisitions Practice Group has comprehensive deal experience, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies. The firm’s London M&A attorneys have comprehensive experience handling large, middle market and smaller transactions, including high-profile deals for AIM-traded clients across various markets in the United Kingdom and globally.
