Founders Metals Inc.

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, 5,716,000 common shares of the Company, at a price of C$5.30 per Common Share for gross proceeds of approximately C$30 million. In addition, the Company has also granted the [...]

Founders Metals Inc. announces a new high-grade gold discovery 1.8 kilometres west of the Lawa Prospect, at the Antino Gold Project in southeastern Suriname . The Company highlights grab sample results with assays ranging from 1.5 to 66.8 grams per tonne gold , and 17.8 metres of 5.68 g/t Au in the first channel sample over the newly identified high-grade structure. The discovery highlights an emerging, multi-kilometre [...]

Founders Metals Inc. announces drill core assay results from the newly discovered Da Vinci prospect at the Antino Gold Project in southeastern Suriname . The Company reports results from the first five holes at Da Vinci where gold mineralization occurs from surface over two broad shear zones including, 21 metres of 3.24 grams per tonne gold within a broader 67.0 m of 1.26 g/t Au and 36.0 m of 2.21 g/t Au. Highlights New [...]

Founders Metals Inc. announces drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports high-grade gold mineralization including 23.0 metres of 5.00 grams per tonne gold at the Froyo Gold Zone . Additional drilling extends gold mineralization at Froyo by 180 m. The Company has completed more than 40,000 m this year and expects to meet its 45,000 m goal by the end of the year [...]

Founders Metals Inc. announces metallurgical test results for its Antino Gold Project in southeastern Suriname. Testing was focused on the chemical and mineralogical characterization, comminution testing, gravity test work and a comprehensive cyanidation study. Highlights Gold extraction for gravity-leach averaged 94.9% and 95.3% Primary grind size of P80 at 50 µm resulted in the best overall gold recovery Comminution [...]

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 [...]