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FOUNDERS METALS INC - $FDMIF STOCK NEWS

Welcome to our dedicated page for FOUNDERS METALS news (Ticker: $FDMIF), a resource for investors and traders seeking the latest updates and insights on FOUNDERS METALS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FOUNDERS METALS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Founders Metals Inc. has acquired a third diamond drill rig for the Antino Gold Project in Suriname and completed a US$6 million work commitment milestone, entitling the company to acquire 51% of the project. President and CEO, Colin Padget, expressed enthusiasm for the progress in exploration and project development, highlighting the potential for bulk-tonnage mineralization at the Buese target.

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End-of-Day
5.83%
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Rhea-AI Summary

Founders Metals Inc. (TSXV: FDR) welcomes Katie MacKenzie as Vice President of Corporate Development. Ms. MacKenzie, with a decade of mining industry experience, will oversee investor relations and corporate development. Her expertise in geology and capital markets will help grow and unlock value at the Antino Gold Project.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.73%
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Rhea-AI Summary
Founders Metals Inc. engages Blue Coast Research for preliminary metallurgical test work on samples from the Froyo Gold Zone. The company also reports preliminary findings from a metallogenic study on gold mineralization at Upper Antino. Blue Coast will analyze eight samples to provide head grade and mineralogical characterization, testing conventional gold recovery methods. The study indicates that gold mostly occurs as free gold or infilling fractures in pyrite, a positive sign for high gold recoveries.
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End-of-Day
-4.58%
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Rhea-AI Summary
Founders Metals Inc. reports drill core assay results from the Froyo Gold Zone at the Antino Gold Project in Suriname, with highlights including 13.0 meters of 11.02 g/t gold in drill hole 24FR054. The results demonstrate the robust nature and continuity of the gold system at Froyo, with additional expansion drill holes underway. The company plans to enhance its drilling techniques to improve understanding of the gold system and structural controls on gold mineralization.
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Rhea-AI Sentiment
End-of-Day
0.93%
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Founders Metals Inc. appoints Carlos Bertoni as Senior Technical Advisor, a geologist with 40 years of experience in mineral exploration across various continents. His expertise will enhance Founders' technical team for exploration and development strategies in Suriname.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.64%
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management
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Rhea-AI Summary
Founders Metals Inc. (FDMIF) reports exceptional drill core assay results from the Antino Gold Project, with an intercept of 38.0 meters containing 10.90 g/t gold. The Company highlights the high-grade gold mineralization at the Froyo Gold Zone, emphasizing the potential for further exploration. CEO Colin Padget expresses optimism about the results and the ongoing metallic screening process to determine gold concentrations more accurately.
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Rhea-AI Sentiment
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-4.96%
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Rhea-AI Summary
Founders Metals Inc. appoints Natalie Senger as Vice President of Resource Development, bringing over 15 years of exploration industry experience, with a focus on gold projects. The company aims to leverage her expertise for the Antino Gold Project.
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Rhea-AI Sentiment
End-of-Day
2.28%
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management
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Founders Metals Inc. announces the display of select intervals of Froyo Gold Zone drill core at PDAC Core Shack and intercepting a gold vein in recent drilling. The company also granted share-based compensation to directors, officers, and consultants.
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Rhea-AI Sentiment
End-of-Day
11.3%
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Founders Metals Inc. announces high-grade drill core assay results from the Donut target at the Antino Gold Project in Suriname, including 19.0 meters of 14.23 grams per tonne gold in drill hole 24DO07. The results showcase the potential for high-grade gold mineralization at Donut alongside broader, lower-grade gold intervals. Founders plans to commence follow-up drilling at Donut next week after the success of early exploration holes. Colin Padget, CEO of Founders, highlights the significant gold discovery at Upper Antino and the presence of other similar targets in the area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.49%
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Rhea-AI Summary
Founders Metals Inc. announces positive drill core assay results from its 2024 drill program at the Antino Gold Project in Suriname, including a new gold discovery at the Donut target and strong results at the Froyo Gold Zone. The Company reports 45.0m of 2.16 g/t gold in drill hole 24DO06, with a current strike extent of over 250m. Historical gold samples indicate the potential for significant gold mineralization extensions. CEO Colin Padget expresses optimism about the discoveries and the project's potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
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FOUNDERS METALS INC

OTC:FDMIF

FDMIF Rankings

FDMIF Stock Data

69.73M
48.87M
18.82%
17.66%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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