Founders Metals Inc. announces drill core assay results from its maiden drill program at Lower Antino on the Antino Gold Project in southeastern Suriname. Founders reports 81.9 metres of 1.01 grams per tonne gold within a broader, >200 m wide zone of anomalous gold. The zone was intersected in unweathered rock approximately 100 m down-dip of a historical auger gold anomaly with assay values up to 49.30 g/t Au . With the [...]
Founders Metals Inc. is pleased to announce that it has closed its previously announced strategic investment from B2Gold Corp. of 4,400,000 common shares of the Company at a price of C$2.75 per Offered Share for aggregate gross proceeds of C$12,100,000 . The Offering represents 5.0% of the issued and outstanding common shares of the Company . Concurrent with closing the Offering, Founders and B2Gold entered into an [...]
Founders Metals Inc. is pleased to announce the closing of its previously-announced bought deal private placement offering of 8,340,000 common shares of the Company at a price of C$2.40 per Offered Share for aggregate gross proceeds of C$20,016,000 . The Offering was led by BMO Capital Markets, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Clarus Securities Inc., Paradigm [...]
Founders Metals Inc. is pleased to announce that, further to the press release dated October 10, 2024, it has entered into an agreement with B2Gold Corp. for a C$12.1 million investment at a price of C$2.75 per common share . Together with the previously announced bought deal private placement of C$20M , the Company will raise a total of C$32.1 million, fully funding the planned 2025 budget. Upon completion of the [...]
Founders Metals Inc. is pleased to announce that due to strong demand and oversubscription, it has increased the size of the previously announced private placement of common shares to 8,340,000 common shares at a price of C$2.40 for gross proceeds of approximately C$20 million . The company previously entered into an agreement with a syndicate of underwriters led by BMO Capital Markets including Clarus Securities and [...]
Founders Metals Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets including Paradigm Capital and Clarus Securities, under which the underwriters have agreed to buy on a bought deal basis by way of private placement, 6,250,000 common shares of the Company, at a price of C$2.40 per Common Share for gross proceeds of approximately C$15 million . In [...]
Founders Metals Inc. is pleased to announce Chris Taylor as a new Independent Director to the Company's Board of Directors , effective immediately. Mr. Taylor is a structural and economic geologist with over two decades of experience in both junior exploration and mid-tier mining companies. As the Founder, President, and CEO of Great Bear Resources, he led the company to a major district-scale gold discovery in Canada [...]
Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company is pleased to report results from its 3,500-metre Phase 1 Buese drill program. The drilling was designed to test high-grade, shear-hosted gold mineralization as well as intrusion-hosted, bulk-tonnage style targets across one kilometre of strike within the [...]
Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports new high-grade, gold-bearing structures in eastward step-out and extends the Froyo Gold Zone 500 metres north. This new mineralization connects through the historical artisanal mining pit known as 'Cupcake'. Founders' diamond drilling now delineates [...]
Founders Metals Inc. is pleased to announce the exercise of its right to acquire 51% of the Antino Gold Project in southeastern Suriname. In addition, the Company has amended and restated the option agreement with Nana Resources N.V. on the Project. "Exercising our right to acquire 51% of Antino alongside the restated option agreement is a major milestone for Founders and a critical step in advancing and derisking the [...]
Founders Metals Inc. provides a corporate update and outlines regional exploration targets at the Antino Gold Project in southeastern Suriname. The Company's surficial team is successfully developing key targets for future surface exploration and drilling, including Lower Antino, Lawa, and the Southern Froyo Extension. Founders intends to expand its drill program to include an initial 1,500 metres at Lower Antino [...]
Founders Metals Inc. announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. Highlights within this release demonstrate successful step-out exploration drilling from the July 22, 2024 news release focused on the Froyo Gold Zone. Drilling Highlights 44.0 metres of 2.05 grams per tonne gold Including 11.0 m of 5.73 g/t Au 35.0 m of 2.37 g/t Au 30.0 m [...]
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