Founders Metals Inc. reports news on gold exploration and project advancement at the Antino Gold Project in southeastern Suriname. Company updates regularly cover diamond drilling, auger and channel sampling, high-grade gold intercepts, mapped shear zones, and target areas such as Lower Antino and Antino North within the broader mineralized system.
Additional recurring developments include environmental baseline work tied to environmental assessment and feasibility processes, shareholder-meeting results, equity-based compensation plans, index inclusion, and strategic ownership changes involving Gold Fields.
Founders Metals (FDMIF) announced gold assay results identifying a second parallel structure at its Antino project in southeastern Suriname.
Hole FR256 returned 54.0 m of 8.45 g/t gold from 303.0 m, including 24.0 m of 17.42 g/t. The structure lies approximately 100 m east of the previously intersected FR249 zone. Deeper in FR256, 11.0 m of 3.59 g/t gold from 464.0 m extended that zone approximately 75 m down-dip. FR264 returned 16.5 m of 4.21 g/t gold from 30.6 m. Results cover 16 holes totalling 5,809 m; FR270, FR268 and FR235 had no significant assays. Founders plans further step-out drilling on both structures during the remainder of 2026.
The company also granted 115,000 stock options exercisable at C$8.20 per share with a five-year term, and 74,725 restricted share units to officers and employees. Vesting periods range from one to three years.
Founders Metals (TSXV: FDR, OTCQX: FDMIF) has acquired the remaining 30% of Lawa Gold N.V. from Nana Resources, giving Founders a 100%, royalty-free interest in the Antino Gold Project in southeastern Suriname.
The transaction consideration to Nana totals US$17,000,000 in cash plus 13,568,944 Founders shares, with up to an additional US$21,000,000 in contingent milestone cash payments. Concurrently, Founders closed a C$76,958,864 strategic equity investment from Gold Fields Netherlands Services B.V. at C$5.44 per share, issuing 14,146,850 shares and increasing Gold Fields’ ownership from 12.5% to approximately 19.9% of Founders’ 143,903,160 outstanding shares. Proceeds funded the cash portion of the acquisition and are expected to support regional exploration, working capital, and general corporate purposes. All newly issued shares are subject to a four‑month‑and‑one‑day hold period.
Founders Metals (FDMIF) reported high-grade drill results from the Upper Antino-West Zone at its Antino Gold Project in Suriname. Step-out hole FR251 returned 27.0 m of 20.38 g/t Au from 100.0 m, including 10.0 m of 43.26 g/t Au, plus several additional mineralized intervals. Nearby hole FR250 cut 14.0 m of 1.63 g/t Au from 119.0 m, including 2.0 m of 9.86 g/t Au. The West Zone lies 1.2 km west of the Froyo Zone and was first intersected in May 2026, with mineralization described as similar in style to Froyo. Five follow-up diamond drill holes were completed and drilling is ongoing. The company also reports that its previously announced acquisition of Nana Resources N.V.'s remaining 30% interest in Lawa Gold N.V. is proceeding with closing expected in the near term.
Founders Metals (TSXV:FDR, OTCQX:FDMIF) agreed to acquire Nana Resources’ remaining 30% of Lawa Gold, consolidating 100% ownership of the Antino Gold Project in Suriname. Consideration includes US$17 million cash, 13,568,944 shares and up to US$21 million in contingent milestone payments tied to resources, permitting, construction and production.
Concurrently, an affiliate of Gold Fields (JSE/NYSE:GFI) will invest C$76,958,864 via a private placement of 14,146,850 shares at C$5.44 per share, taking its stake to about 19.9%. Nana is expected to own roughly 10.6% post‑closing. Closings, targeted around September 4, 2026, remain subject to TSX-V approval, completion of the Gold Fields investment and other customary conditions.
Founders Metals (OTCQX: FDMIF) reported new drill results from the Upper Antino target at its Antino Gold Project in Suriname. Key intercept in hole FR249 returned 28.0 m grading 14.27 g/t gold from 433.0 m, a 50 m down-dip extension of earlier hole FR175 (10.0 m of 5.90 g/t gold).
FR249 cut four stacked gold-bearing shear zones between 285.0 m and 461.0 m, with additional intervals of 18.0 m at 1.04 g/t, 24.0 m at 0.36 g/t, and 6.0 m at 1.62 g/t. Other holes intersected up to 3.0 m at 6.06 g/t gold and 56.0 m at 0.40 g/t gold. Mineralization is gabbro-hosted, remains open, and follow-up drilling is planned.
Founders Metals (OTCQX:FDMIF) reported mid‑year results from its fully funded 70,000 m drill program at the Antino Gold Project in Suriname. First-ever drilling at Antino Northeast confirmed a new gold discovery with 58.5 m at 1.00 g/t Au in hole ANE009 and a second intercept of 53.0 m at 0.46 g/t Au in ANE002, defining about 1,200 m of drill-confirmed strike that remains open.
At Antino North, drilling has confirmed gold on three of twelve mapped shear zones, including 16.5 m at 1.82 g/t Au and 8.1 m at 3.42 g/t Au. At Maria Geralda, deep auger work expanded a near-surface high-grade shoot, with results up to 30.0 m at 4.52 g/t Au and 23.0 m at 5.31 g/t Au. At Antino West, follow-up drilling intersected a 35 m wide shear zone with visible gold; assays are pending.
Founders Metals (OTCQX:FDMIF, TSXV:FDR) appointed Felicia de la Paz as Chief Financial Officer and Corporate Secretary, effective July 6, 2026. The company highlights her 15+ years of natural resources experience and states it remains fully funded for its 70,000 metre 2026 exploration program at the Antino Gold Project.
Founders Metals (OTCQX:FDMIF) reported new drill results from the Antino Gold Project in Suriname. A new discovery 1.2 km west of Upper Antino returned 53.1 m of 1.21 g/t Au from surface (FR217). At Upper Antino, hole FR230 intersected 9.0 m of 12.21 g/t Au from about 320 m vertical depth and 37.0 m of 3.27 g/t Au from 209 m. Other notable intercepts include 33.0 m of 2.15 g/t Au from 85 m (FR225) and 3.0 m of 29.17 g/t Au from 101 m (FR219). Some step-out holes northwest of the main Upper Antino area returned no significant gold. Follow-up and resource-definition drilling are ongoing.
Founders Metals (OTCQX:FDMIF, TSXV:FDR) reported deep auger drilling results from the Maria Geralda target at the Antino Gold Project in Suriname.
Highlights include 30.0 m of 4.64 g/t Au and 12.0 m of 10.57 g/t Au, defining a coherent, plunging high-grade gold shoot open at depth and providing precise targets for diamond drilling planned for early Q4 2026.
Founders Metals (OTCQX:FDMIF) announced that the earn-in period for the Antino Gold Project has ended and the joint venture phase has begun under its option agreement with Nana Resources and Lawa Gold.
Founders holds a 70% interest in the project via Lawa, remains operator, and has chosen not to exercise its Third Option to acquire an additional 5% interest.