Founders Metals Inc.

Founders Metals Inc. is pleased to announce the closing of its previously-announced bought deal private placement offering of 7,187,500 common shares of the Company at a price of $0.80 per Offered Share for aggregate gross proceeds of $5,750,000 , including the full exercise of the 15% over-allotment option granted to the Underwriters in connection with the Offering. The Offering was led by BMO Nesbitt Burns Inc., as lead [...]

Founders Metals Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, 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$0.80 per Common Share for gross proceeds of approximately C$5 million. In addition, the Company has also granted the underwriters [...]

Founders Metals Inc. announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company adds a 3.0 metre interval of 99.51 grams per tonne gold to results from its October 26th news where a shallower angled hole from the same drill pad intercepted 10.5 m of 8.91 g/t Au. The near surface hit is only 25 metres down and includes Founders' highest-grade gold intercept to date on the property [...]

Founders Metals Inc. announces drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname. The Company continues to intercept high-grade gold at the Froyo Gold Zone reporting 26.00 metres of 6.35 grams per tonne Gold and 10.50 metres of 8.91 g/t Au near surface within the Froyo-Ginger Connector . Additionally, Founders is very pleased to announce that its second [...]

Founders Metals Inc. announces auger geochemical survey results targeting historical artisanal mining tailings at the Antino Gold Project in southeastern Suriname, South America. The Company reports gold concentrations of up to 9.17 grams per tonne gold in the alluvial mining tailings. The preliminary survey outlines three large tailings areas that collectively cover >100,000 m2 with minimum thicknesses over 3.5 m [...]

Founders Metals Inc. announces drill core assay results from its 2023 drill program at the Antino Gold Project in southeastern Suriname, South America. The Company continues to intercept high-grade gold over broad intervals in the Froyo Gold Zone. The ongoing exploration program focuses on expanding high-grade gold mineralization to depth and along strike and using new geophysical and structural data to test new trends [...]

Founders Metals Inc. announces that it is now trading on the Frankfurt Stock Exchange under the symbol 9DL0 . Listing on the Frankfurt Stock Exchange, the largest exchange in Germany and one of the world's leading trading venues, Founders Metals anticipates enhanced visibility and access to a broader investor base. The Company's main listing remains on the TSX Venture Exchange under the symbol FDR. "Our listing on the [...]

Founders Metals Inc. announces the completion of a high-resolution ground magnetics geophysical survey by GexplOre Services over Upper Antino at its Antino Gold Project in southeastern Suriname . The survey supports the many high-priority targets identified from previously released Induced Polarization survey data. Additionally, the Company will begin similar IP and ground magnetics surveys over the Buese area beginning [...]

Founders Metals Inc. announces drill core assay results from its 2023 drill program at the Antino Gold Project in southeastern Suriname. The Company continues to expand and extend high-grade gold mineralization below the saprolite/oxide boundary within the Froyo Gold Zone at Upper Antino. Founders is also continuing a comprehensive surface exploration program that focuses on developing additional high-priority targets for [...]

Founders Metals Inc. provides an overview of the Buese area on the Antino Gold Project that includes new channel sample results with a 12.0-metre interval returning 1.0 metre of 113.0 g/t gold and 11.0 metres of 2.4 g/t gold. The 12.0 metres sampled are within a 26.0 m shear zone not completely sampled due to collapse, but follow-up trenching will test the entire zone. The Company also describes potential bulk tonnage [...]