Founders Metals Closes C$12.1M Financing with B2Gold
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that it has closed its previously announced strategic investment from B2Gold Corp. ("B2Gold") of 4,400,000 common shares of the Company (the "Offered Shares") at a price of C$2.75 per Offered Share for aggregate gross proceeds of C$12,100,000 (the "Offering"). The Offering represents 5.0% of the issued and...
2024-11-05 7:30 AM EST
Founders Metals Closes C$20M Bought Deal Financing
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2024) - Founders Metals Inc. (TSXV:FDR) ("Founders" or the "Company") is pleased to announce the closing of its previously-announced bought deal private placement offering of 8,340,000 common shares of the Company (the "Offered Shares") at a price of C$2.40 per Offered Share for aggregate gross proceeds of C$20,016,000 (the "Offering"). The Offering was led by BMO Capital Markets, as lead underwriter and sole bookrunner, on behalf of...
2024-10-25 8:36 AM EDT
B2Gold Invests C$12.1 Million in Founders Metals
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that, further to the press release dated October 10, 2024, it has entered into an agreement with B2Gold Corp. (TSX: BTO) (NYSE American: BTG) (NSX: B2G) ("B2Gold") for a C$12.1 million investment (the "Strategic Investment") at a price of C$2.75 per common share (each, a "Share"). Together with the previously...
2024-10-11 7:30 AM EDT
Chris Taylor Joins Founders Metals as New Director
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce Chris Taylor as a new Independent Director to the Company's Board of Directors ("Board" or "BOD"), 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...
2024-10-01 7:30 AM EDT
Founders Metals Hits at Buese; Intercepts 20 m of 7.65 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. The Company is pleased to report results from its 3,500-metre (m) Phase 1 Buese drill program. The drilling was designed to test high-grade, shear-hosted gold mineralization as well...
2024-09-24 7:30 AM EDT
Froyo Eats Cupcake; Founders Metals Extends Froyo Gold Zone by 500 Metres
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. The Company reports new high-grade, gold-bearing structures in eastward step-out and extends the Froyo Gold Zone ("Froyo") 500 metres (m) north. This new mineralization connects...
2024-09-11 7:30 AM EDT
Founders Metals Exercises Right to Acquire 51% of the Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce the exercise of its right to acquire 51% of the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. In addition, the Company has amended and restated the option agreement (the "Amended and Restated Option") with Nana Resources N.V. ("Nana") on the Project. "Exercising our right to acquire 51% of...
2024-09-06 7:30 AM EDT
Founders Metals Increases Confidence in Regional Exploration Targets at Antino
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") provides a corporate update and outlines regional exploration targets at the Antino Gold Project ("Antino" or "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...
2024-08-26 7:30 AM EDT
Froyo Continues to Grow; Founders Metals Hits 44.0 m of 2.05 g/t Au in 65 m Step-Out
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project ("Antino" or the "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...
2024-08-08 7:30 AM EDT
Founders Metals Expands Froyo by 150 m with 46.0 m of 5.31 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Highlights within this release are from exploration at the Froyo Gold Zone. Drilling Highlights 46.0 metres (m) of 5.31 grams per tonne (g/t) gold (Au) (24FR074)Including 10.0 m of 12.05...
2024-07-22 7:30 AM EDT
Founders Metals Third Drill Arrives; Begins Drilling at Buese
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces the start of its 2024 Buese area drill program at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. The Company plans to drill up to 7,000 metres (m) at Buese in 2024 beginning with an initial 3,000 m phase 1 program. The drilling uses Founders' own recently acquired third diamond drill. The Company is...
2024-07-10 7:30 AM EDT
Founders Metals Extends Froyo Zone with 24.0 Metres of 5.06 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. This release reports ten drill holes from the Froyo Zone ("Froyo"). Drill hole assays and collar locations are available below as well as on the Company's website. New Drilling Highlights at Froyo Vertical...
2024-06-27 7:30 AM EDT
Founders Metals Announces Positive Metallurgical Results from Antino with up to 96% Gold Recovery
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce preliminary metallurgical testing results from the Froyo Zone at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Four fresh rock samples and one saprolite sample totalling over 400 kilograms with head grades ranging from 1.55 grams per tonne ("g/t") gold ("Au") up to 20.22 g/t Au were...
2024-06-17 7:30 AM EDT
Founders Metals Intersects 8.0 Metres of 6.64 g/t Gold and Discovers New Shear Zone at Donut
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. This release reports the remaining eight drill holes from phase one of drilling at the Donut Zone ("Donut"). West Donut Shear Discovery New shear zone intercepted in four holes over >150 metres ("m") of strike...
2024-05-30 7:45 AM EDT
Founders Metals Closes $10 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that the Company has closed its fully-subscribed non-brokered private placement financing (the "Offering") pursuant to the Listed Issuer Financing Exemption (the "LIFE") of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") raising gross proceeds of C$10,000,000 from the sale of up to 6,250,000 common shares of the Company (the...
2024-05-24 3:09 PM EDT
Founders Metals Announces $10 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2024) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that the Company intends to undertake a non-brokered private placement financing (the "Offering") pursuant to the Listed Issuer Financing Exemption (the "LIFE") of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") to raise gross proceeds of up to $10,000,000 from the sale of up to 6,250,000 common shares of the Company (the...
2024-05-17 2:40 PM EDT
Founders Metals Acquires Third Drill and Completes Major Work Commitment Milestone
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that it has acquired a third diamond drill rig to support its ongoing exploration campaign at the Antino Gold Project in southeastern Suriname. The Company plans to begin drilling the Buese target upon arrival of the drill in June. Additionally, Founders announces it has completed the US$6 million work commitment portion...
2024-05-07 9:34 AM EDT
Founders Metals Welcomes Katie MacKenzie as Vice President of Corporate Development
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to welcome Katie MacKenzie as the Company's Vice President of Corporate Development. Ms. MacKenzie will report directly to Founders' CEO, Colin Padget, and will be responsible for the Company's investor relations and corporate development activities. President and CEO, Colin Padget, commented "We are excited to welcome Katie to the...
2024-05-06 7:30 AM EDT
Founders Metals Engages Blue Coast Research for Preliminary Metallurgical Test Work
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce its engagement with Blue Coast Research ("Blue Coast"), a leader in metallurgical research and development, to complete initial metallurgical test work on samples from the Froyo Gold Zone. Additionally, the Company reports related preliminary findings from a metallogenic study on Froyo gold mineralization conducted by...
2024-04-25 7:30 AM EDT
Founders Metals Intersects 13.0 Metres of 11.02 g/t Gold at Froyo
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from its fully-funded 2024 drill program at the Antino Gold Project in southeastern Suriname. The Company reports the results of four infill holes from the Froyo Gold Zone closing a substantial gap in drilling. All four holes intercepted the main Froyo shear where expected, further demonstrating the robust...
2024-04-15 6:38 AM EDT