Founders Metals (FDMIF) Stock News

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.

Founders Metals (OTCQX: FDMIF) reported significant drilling results from its ongoing 60,000-metre drilling campaign at the Antino Gold Project in Suriname. The company achieved notable success in extending the Froyo Zone's vertical depth to over 500 metres, nearly doubling its previous depth.

Key highlights include an impressive intercept of 46.0 metres grading 3.59 g/t gold in hole FR120, and successful depth extensions with 8.0 metres of 2.25 g/t Au (FR115), 13.0 metres of 2.10 g/t Au (FR123), and 21.0 metres of 0.73 g/t Au (FR118). The company also reported promising results from parallel shears between Froyo and Donut zones.

Additionally, Founders Metals is advancing exploration at multiple targets including Maria Geralda, where phase two drilling of up to 2,000 metres is planned, following previous results of 22.5 metres at 11.88 g/t Au. Further exploration activities are ongoing at Van Gogh, Da Vinci, Lawa, and Parbo targets.

Founders Metals Inc. (OTCQX: FDMIF) has announced key leadership appointments to strengthen its team as it advances the Antino Gold Project in Suriname. The company has appointed Harp Gosal as Director of Investor Relations, bringing over a decade of experience and a CPIR designation. Lizbeth Toscano, with 17 years of global experience and an MD degree, joins as Director of Health & Safety. Additionally, Brandon Anholt has been promoted to Director of New Projects, leveraging his 8 years of exploration experience and significant contributions to grassroot discoveries at Antino.

Founders Metals (OTCQX:FDMIF) has announced a significant new high-grade gold discovery at its Antino Gold Project in Suriname. The company reported exceptional drilling results of 22.5 metres at 11.88 g/t gold at the Maria Geralda target, located 5 km SE of Lower Antino.

The discovery follows systematic surface exploration that identified a substantial 500m by 400m gold anomaly, with 54% of samples returning assays above 0.1 g/t Au. Maria Geralda is situated along a major structural corridor at the boundary between intrusive rocks and mixed metavolcanic-metasedimentary formations. The company plans to conduct systematic step-out drilling to define mineralization extent.

Founders Metals Inc. provides a mid-year update on its Antino Gold Project in Suriname, highlighting significant drilling results and expansion across multiple targets. The company is on track to complete 60,000+ meters of drilling in 2025. Lower Antino has expanded to over 700m strike length with recent drilling showing 50.0m of 1.02 g/t gold. Upper Antino shows potential for expansion through connecting Froyo-Donut zones and doubling depth to 550m. Other promising targets include Da Vinci with consistent results (25.0m of 1.01 g/t Au), Lawa revealing an 8.0km structural corridor, and Maria Geralda showing a 500m x 400m gold anomaly. Despite high precipitation affecting some operations, the company maintains efficient four-rig operations and is fully financed for its exploration program.

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.