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.
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 (OTCQX: FDMIF; TSXV: FDR) reported drill results from the Upper Antino target at the Antino Gold Project in southeastern Suriname on February 11, 2026. Key intercepts include 6.0 m of 21.43 g/t Au from 49.0 m (FR183) and 10.0 m of 5.90 g/t Au from 394.0 m (FR175).
Company results show multiple high-grade intervals both near surface and at depth, demonstrated continuity along strike and in 300–500 m vertical targets across several parallel shear-hosted structures.
Founders Metals (OTCQX: FDMIF) announced consolidation of a contiguous 102,360 ha land package in southeastern Suriname, combining a 36,360‑ha exploration concession granted by the Suriname GMD and a separately acquired 10,000‑ha exploitation concession.
The expansion makes Founders the largest publicly traded gold explorer by land area in the Guiana Shield around the Antino district, which spans ~55 km of greenstone-hosted mineralization and is structurally linked to the Central Guiana Shear Zone. The exploration concession carries a three‑year right; the Okasi exploitation concession carries a ten‑year right and is 100% owned.
Company work programs will expand airborne geophysics and regional auger sampling across the package, with LiDAR and orthoimagery planned for H1 2026. Several historical district‑scale anomalies remain untested by drilling.
Founders Metals (OTCQX: FDMIF) reports drilling at the Lower Antino target, Antino Gold Project, Suriname. Hole LA041 intercepted 90.0 m @ 1.02 g/t Au including 1.0 m @ 28.44 g/t Au. Other notable intervals include 30.9 m @ 1.56 g/t Au. Mineralization is reported over ~1.9 km strike and to ~350 m depth, with an average saprolite/oxide thickness of 50 m. Intervals use un-capped assays and true widths are estimated at ~85% of down-hole lengths. System remains open for expansion southward.
Founders Metals (OTCQX: FDMIF) reported drill results from the Antino Gold Project, Suriname, detailing the first-phase Parbo program and follow-ups at Da Vinci and Maria Geralda on December 11, 2025. Key intercepts include 72.0 m of 1.01 g/t Au (PB003) including 4.0 m of 11.97 g/t Au, and 101.0 m of 0.62 g/t Au from surface (PB013) at Parbo. Da Vinci step-outs returned 19.5 m of 2.31 g/t Au and 22.5 m of 1.38 g/t Au (DV016). Maria Geralda drilling extends mineralization 400 m with multiple intervals, including previously reported 22.5 m of 11.88 g/t Au. Targets remain open; company plans a 2026 exploration program and additional pending assays.
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.