Founders Metals Stock Price, News & Analysis

Founders Metals Inc. (FDMIF) has successfully completed Stage 2 requirements of its Option Agreement with Lawa Gold and Nana Resources, increasing its ownership in the Antino Gold Project to 70%. The company achieved this by making $1.5M USD in cash payments, spending $10M USD on exploration, issuing 95,000 shares, and delivering an internal concept study. Previously in Stage 1, Founders acquired 51% ownership through $1.65M USD in payments, $6M USD in exploration, and 1.615M shares issuance. The company now has the option to proceed to Stage 3 to acquire an additional 5% ownership by investing $10M USD in exploration and completing a bankable feasibility study, or alternatively enter a joint venture with Nana. CEO Colin Padget highlighted this as a major derisking milestone and announced an upcoming detailed update on exploration targets, alongside their ongoing 60,000-metre 2025 drill program.

Founders Metals Inc. (FDMIF) has announced significant drill core assay results from its Antino Gold Project in Suriname. The company reported notable gold mineralization at Upper Antino, including a highlight intersection of 33.0 metres of 3.50 g/t gold in drilling east of the Main Froyo Shear. The drilling program has successfully extended gold mineralization northward by 125 meters, increasing the total strike length of Froyo to approximately 1.7 kilometres.

Key drilling results include multiple high-grade intersections: 33.0m @ 3.50 g/t Au and 19.0m @ 0.84 g/t Au (FR114), 13.0m @ 2.00 g/t Au (FR082), and 4.0m @ 5.92 g/t Au (FR105). Broader zones were also identified with 41.9m @ 1.06 g/t Au (FR099) and parallel zones of 12.0m @ 1.51 g/t Au and 22.5m @ 0.50 g/t Au (FR101).

Founders Metals (FDMIF) has achieved a significant milestone by completing the US$10 million exploration and development expenditure requirement for Stage 2 of its Option Agreement on the Antino Gold Project in Suriname. Upon finalizing Stage 2, which includes a US$1.5 million cash payment and issuance of 95,000 common shares, the company will increase its ownership stake in the project to 70% (up from 51%). The company expects to complete all remaining requirements, including an internal concept study, by the end of the month.

Additionally, Founders Metals has granted 2.95 million Stock Options at C$4.70 per share and 1.38 million Restricted Share Units (RSUs) to company insiders, with both instruments vesting over three years.

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) reports new assay results from the Buese Prospect at its Antino Gold Project in Suriname. Key findings include step-out drilling extending gold mineralization over 1,000 meters, with significant intersections of:

- 6.0 meters of 2.33 g/t gold (BU025)
- 21.6 meters of 2.38 g/t gold from surface (BU014)
- 112.0 meters of 0.55 g/t gold (BU019)
- 6.0 meters of 6.38 g/t gold (BU018)

The company also reports positive results from the Buese tailings auger drill program, with 230 one-metre samples across 61 holes showing gold grades averaging 0.64 g/t Au, ranging from 0.10 to 3.39 g/t Au. The tailings cover approximately 1.3 km². The company remains on track to achieve its 60,000-metre drilling goal for 2025.

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) announces the publication of a peer-reviewed scientific article in Ore Geology Reviews about the structural controls on gold mineralization at the Antino Gold Project in southeastern Suriname.

The research paper, authored by Founders Metals' Chief Geologist Vincent Combes, reveals that gold mineralization in the Antino district is primarily found within shear zones and intermediate intrusive bodies at lithological boundaries. The study highlights how key deformation events created extensive veining, brecciation, and shear zones, which serve as important pathways for gold mineralization.

The research confirms that later stage deformation was important for high-grade gold concentration at Antino, and emphasizes the significance of tonalite-trondhjemite-granodiorite (TTG) complexes in strain accumulation and distribution.

Founders Metals (TSXV: FDR) (OTCQX: FDMIF) has appointed Barry Macdonald as a new Independent Director to its Board. Macdonald brings over 40 years of experience in strategic governance, international tax, mergers and acquisitions, and corporate finance as a retired PwC Partner and Fellow of the Chartered Professional Accountants of British Columbia.

The company also announced results from its April 8th, 2025 Annual General Meeting, where shareholders approved all Director elections and Macdonald's appointment. The meeting saw participation from 41,676,989 shares, representing 41.94% of outstanding shares. All directors received strong approval ratings, with Colin Padget and Barry Macdonald receiving 99.99% approval, Nicholas Stajduhar 92.85%, Kevin Vienneau 98.79%, and Christopher Taylor 96.88%. Shareholders also approved MS Partners LLP as auditors and the stock option plan.

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced significant drilling results from its Van Gogh discovery at the Antino Gold Project in Suriname. The company reported an intercept of 72.0 metres of 2.29 g/t gold from 177.0 metres down hole, extending gold mineralization to approximately 200.0 metres vertical depth from surface.

Key findings include gold mineralization extending from surface (channel - 17.8 m of 5.68 g/t Au), through saprolite zone (VG001 - 28.5 m of 7.12 g/t Au), and into fresh rock. The Van Gogh discovery, located 2.0 km from Lawa and 3.8 km from Da Vinci, represents a completely original find with no historical artisanal mining within 1.5 km.

The company currently operates four full-time drills and plans to add a fifth rig by mid-year. Founders Metals is committing up to 50% of its 2025 drill metres to high-priority targets in new areas.

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced significant results from its 2025 drilling campaign at the Antino Gold Project in Suriname. The company reported 28.5 metres of 7.12 g/t gold from 18.6m depth in the first drill hole at the new Van Gogh discovery, located 3.8 km east of the Da Vinci prospect.

The Van Gogh site is situated 2.0 km from Lawa and forms part of a northwest-oriented gold trend extending to the Maria Geralda target. The gold mineralization occurs within a ~30m wide mylonite zone, featuring strongly silicified country rock and quartz intervals up to 5m. The highest-grade intervals contain up to 15% sulphide and show significant brecciation.

The company reports pending drill holes with similar quartz-sulphide mineralization, suggesting mineralized body continuity over >150m. This discovery, along with Da Vinci, supports Founders' exploration strategy, with nine additional high-priority targets identified at Antino.

Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) has announced a significant new high-grade gold discovery at its Antino Gold Project in Suriname. The company reported impressive results from the newly identified 'Van Gogh' zone, located 1.8 km west of the Lawa Prospect, including channel samples of 17.8 metres at 5.68 g/t gold and grab samples ranging from 1.5 to 66.8 g/t gold.

The discovery reveals a multi-kilometre parallel gold trend east of the main Antino structure. The Van Gogh zone features a ~20m wide mylonite zone with gold mineralization containing 2-5% disseminated pyrite. The company has commenced its fully funded 60,000-metre drill program for 2025, focusing on new discoveries and extending known gold mineralization across multiple targets including Upper Antino, Buese, Lower Antino, and Da Vinci.