Founders Metals Stock Price, News & Analysis

Founders Metals (OTCQX: FDMIF; TSXV: FDR) appointed Vijay Kirpalani to its Board of Directors as an independent director, effective November 25, 2025. Kirpalani brings over two decades of finance, advisory, and governance experience in Suriname, including service on the Supervisory Board of Rosebel Gold Mines since 2002 and a directorship at Reunion Gold until its 2024 acquisition.

The company also announced the departure of director Kevin Vienneau and granted 250,000 stock options at an exercise price of C$4.35, vesting over up to three years and expiring five years from grant. Management highlighted Kirpalani's local regulatory knowledge and relationships to support ongoing exploration at the Antino Project.

Founders Metals (OTCQX: FDMIF) signed a Definitive Agreement to acquire 100% of a 36,000 hectare exploration concession west of its Antino gold project, expanding the project to 56,000 ha. Consideration was US$5.0 million cash (US$139/ha) plus defined contingent payments tied to a ≥1Moz resource, feasibility recoverable ounces, and production.

Founders reported drill results extending Upper Antino mineralization to >2,500 m strike, including 17.0 m @ 3.06 g/t Au (incl. 4.0 m @ 10.44 g/t) and 60.0 m @ 0.85 g/t Au from 8.1 m. The company also closed a C$50 million strategic investment from Gold Fields.

Founders Metals (TSXV: FDR / OTCQX: FDMIF) closed a $50,000,000 strategic investment by Gold Fields on November 10, 2025 via issuance of 12,048,193 common shares at $4.15 per share, giving Gold Fields a 10.55% stake.

Proceeds are allocated to land consolidation, regional exploration, working capital, and general corporate purposes for the Antino Gold Project in Suriname. Shares carry a four-month-and-one-day statutory hold and the financing remains subject to final TSXV approval.

An investor rights agreement grants Gold Fields top-up and financing participation rights, technical committee representation, secondment rights, and a conditional right to nominate a director if ownership reaches 12.5%.

Founders Metals (TSXV: FDR; OTCQX: FDMIF) announced a $50,000,000 strategic investment by Gold Fields (GFI) via a non-brokered private placement of 12,048,193 common shares at $4.15 per share.

Proceeds will fund land consolidation, regional exploration, working capital, and general corporate purposes at the Antino Gold Project in southeastern Suriname. Closing is expected on or about November 10, 2025, subject to TSXV approval, and issued shares will have a four-month-and-one-day hold period.

Founders and Gold Fields will enter an Investor Rights Agreement giving Gold Fields top-up and financing participation rights, technical committee representation, and the right to appoint one board nominee if its ownership reaches or exceeds 12.5%. National Bank Capital Markets is acting as financial advisor.

Founders Metals (OTCQX: FDMIF, TSXV: FDR) announced a binding Letter of Intent dated October 31, 2025 to acquire 100% of a 36,000-hectare exploration concession adjacent to its Antino Gold Project in southeastern Suriname.

The deal nearly triples Founders' land package to 56,000 ha, adds a 1,000-metre potential extension of Upper Antino mineralization, multiple high-grade grab samples up to 70.93 g/t Au, a 1,860 line-km airborne geophysics dataset and 1,877 historical auger samples. The LOI gives Founders a 90-day exclusive due diligence period before any definitive purchase agreement.

Founders Metals (OTCQX: FDMIF) has initiated comprehensive exploration programs at its Antino Gold Project in Suriname. The company launched property-wide geophysical and geochemical surveys, including an 8,000-sample auger sampling program and advanced airborne electromagnetic and magnetics surveys.

The company is executing an aggressive 60,000-meter drilling program with four active drills across multiple targets. Notable results include 22.5 meters of 11.88 g/t gold at Maria Geralda. Additionally, Founders Metals announced the appointment of Davidson & Company LLP as its new auditor, replacing MS Partners LLP.

Founders Metals (OTCQX: FDMIF) has announced significant drill results from its ongoing 60,000-metre drilling campaign at the Antino Gold Project in Suriname. The company reported impressive high-grade gold mineralization at depth, including 18.0 metres of 6.14 g/t gold and 5.0 metres of 10.61 g/t gold from approximately 450 meters vertical depth in drill hole FR138.

The deep drilling program has successfully doubled the vertical extent from 280m to ~500m, with systematic drilling intercepting multiple kilometre-scale, gold-bearing shears. The company currently has four drill rigs operating at Antino, focusing on continued drilling along strike and depth at Upper Antino, drilling at Maria Geralda, completing the Parbo auger program, and conducting surface exploration programs.

Founders Metals (OTCQX: FDMIF) reports significant progress in its surface exploration program at the Antino Gold Project in Suriname. At the Maria Geralda target, exploration revealed a 1.3 km strike length with gold grades up to 7.47 g/t, with 61% of samples showing anomalous results. The Parbo target demonstrated a substantial 1,200 x 600-metre auger anomaly with samples reaching 51.42 g/t Au and a newly discovered 15-metre-wide oxidized shear zone yielding grab samples up to 26.85 g/t Au.

The company's exploration strategy focuses on structures within the Central Guiana Shear Zone, with Maria Geralda showing two distinct mineralization styles: high-grade shear-hosted and lower-grade bulk tonnage. With the dry season beginning, Founders plans to continue systematic drilling at Maria Geralda and initiate a Phase 1 diamond drill program at Parbo in Q4.

Founders Metals (OTCQX: FDMIF) announced that B2Gold Corp. has completed its obligations under the Shareholder Agreement by purchasing 1,170,000 common shares in the open market. This purchase maintains B2Gold's right to participate in future financings up to a 9.9% ownership cap.

Following this transaction and previous private placement subscriptions, B2Gold now holds approximately 6% of Founders' issued and outstanding common shares on a non-diluted basis. The investment demonstrates B2Gold's confidence in Founders and the Antino Gold Project, which is being developed as a potential Tier 1 discovery.