Founders Metals Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Founders Metals Inc
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Founders Metals Extends Buese Gold Mineralization over 1,000 m & Intersects 21.6 m of 2.38 g/t Au
Founders Metals reports promising gold assay results at Buese Prospect, indicating significant expansion, bulk tonnage potential, and ongoing mineralization at the Antino Gold Project in Suriname.
Founders Metals Announces Scientific Publication on Antino Gold Project
Founders Metals Inc. published a peer-reviewed article on gold mineralization at the Antino Gold Project in Suriname, highlighting geological insights that enhance exploration strategies. The company aims to expand advanced targets and test new areas in 2025.
Founders Metals Appoints Barry Macdonald as New Director & Announces Results of AGM
Founders Metals Inc. appointed Barry Macdonald as an Independent Director, highlighting his extensive finance and governance experience. Shareholders also approved the election of all Directors and reappointment of auditors during the AGM held on April 8, 2025.
Founders Metals Hits 72.0 m of 2.29 g/t Gold at Van Gogh; Extends Mineralization from Surface to 200 m Vertical Depth
Founders Metals Inc. reports promising assay results from drilling at the Van Gogh site within its Antino Gold Project in Suriname, revealing significant gold mineralization. The company plans to prioritize exploration in new areas to enhance shareholder value.
Founders Metals Closes C$2.6M Financing with B2Gold
Founders Metals Inc. has closed a C$2.6 million investment from B2Gold Corp. for 484,239 shares at C$5.30 each. The funds will support exploration at the Antino Gold Project and general corporate needs. B2Gold is also required to purchase additional shares.
Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery
Founders Metals Inc. reports a significant gold discovery at its Antino Gold Project in Suriname, with the first drill hole at Van Gogh yielding 28.5 meters of 7.12 g/t gold. This discovery supports the company's exploration strategy and suggests potential for more finds across the property.
Founders Metals Closes C$32.5 Million Bought Deal Financing
Founders Metals Inc. closed a bought deal private placement, raising C$32.5 million by issuing 6.1 million common shares at C$5.30 each. Proceeds will fund exploration of the Antino Gold Project. The offering was led by BMO Capital Markets and is pending TSX Venture Exchange approval.
B2Gold Increases Investment in Founders Metals
Founders Metals Inc. announces B2Gold Corp. has increased its investment by acquiring 484,239 shares at C$5.30 each, raising ~C$2.57 million. Combined with a prior offering, total funds could reach ~C$37 million, giving B2Gold a 5% ownership stake.
Founders Metals Makes First High-Grade Gold Discovery of 2025; 17.8 m of 5.68 g/t Au at Surface in New Zone
Founders Metals Inc. has announced a significant high-grade gold discovery at the Antino Gold Project in Suriname, with assays up to 66.8 g/t Au. The company has initiated drilling on new targets, aiming to expand gold mineralization with a fully funded 2025 drill plan.
Christmas in the Jungle: Founders Metals Hits 36.0 m of 2.21 g/t Gold & 67.0 m of 1.26 g/t Gold from Surface in New Da Vinci Discovery
Founders Metals Inc. announced promising gold assay results from the newly discovered Da Vinci prospect at the Antino Gold Project in Suriname, confirming significant gold mineralization in the first five drill holes. The company plans to expand drilling to twelve holes, with more results anticipated in early 2025.
Founders Metals Hits 23.0 metres of 5.00 g/t Gold at Froyo & Extends Zone by 180 metres
Founders Metals Inc. reports high-grade gold assay results from the Antino Gold Project in Suriname, with significant intersections at the Froyo Gold Zone and extended mineralization. The company has drilled over 40,000 m this year and plans to reach 45,000 m by year-end.
Founders Metals Announces Positive Metallurgical Test Work
Founders Metals Inc. announced metallurgical test results for its Antino Gold Project in Suriname. The tests showed an average gold extraction of 94.9% for fresh rock and 95.3% for saprolite, with the best overall gold recovery at 95.0%. Results also confirmed medium hardness levels, low concentrations of harmful elements, and no significant gold theft. The company's President & CEO, Colin Padget, noted these results as a major de-risking milestone for the project. Additional drill results from various locations are expected by the end of the year. The testing was directed by Founders and Fuse Advisors Inc., and completed by Blue Coast Research Ltd. in British Columbia, Canada.
Founders Metals Hits New Discovery in Third Lower Antino Drill Hole
Founders Metals Inc. has announced the results of its maiden drill program at the Antino Gold Project in Suriname. The company reported 81.9 meters of 1.01 grams per tonne gold within a broader, over 200 meter wide zone of anomalous gold. Following the success of the initial drilling results, Founders has expanded its Phase 1 Lower Antino drill program from 1,500 meters to 4,500 meters. New discoveries include 81.9 meters of 1.01 grams per tonne gold, including 26.0 meters of 2.36 grams per tonne gold. Assays are still pending for several drill holes. The company's CEO, Colin Padget, expressed excitement over
Founders Metals Closes C$12.1M Financing with B2Gold
Founders Metals Inc. has closed a strategic investment deal with B2Gold Corp., selling 4.4 million common shares at a price of C$2.75 per share, raising C$12.1 million in gross proceeds. This represents 5.0% of the company's common shares. B2Gold now has the right to maintain its pro rata interest in Founders Metals through participation in future financings up to a 9.9% share position. The funds will be used for exploration and development work in 2025 at the Antino Gold Project in Suriname and for general corporate purposes. The issued securities will be subject to a hold period of four months and one day.
Founders Metals Closes C$20M Bought Deal Financing
Founders Metals Inc. has completed its planned private placement offering of 8,340,000 Shares at C$2.40 per share, raising a total of C$20,016,000. The offering was headed by BMO Capital Markets, including other underwriters like Clarus Securities Inc., Paradigm Capital Inc., and H&P Advisory Limited. The raised funds will be utilized for exploration activities at the Antino Gold Project and other corporate purposes. The securities issued will be subject to a hold period of four months and one day after the closing, as per Canadian securities laws. The shares have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption. Found
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Founders Metals Inc Presentation Update - 2025-04-29 - Founders Metals Inc....
Founders Metals Inc.'s report has minor, non-material updates mainly for formatting, with no changes to financial data, resource estimates, or strategic information.
Founders Metals Inc Presentation Update - 2025-04-25 - Founders Metals Inc....
Founders Metals' report has minor textual updates with no significant changes to financials, resource estimates, or project details, indicating a stable and unchanged overview.
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