Key facts
| Company | Founders Metals (TSXV: FDR) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Antino Project
The Antino Gold District is Founders Metals’ flagship project and a district-scale gold exploration opportunity located in southeastern Suriname, within the Guiana Shield — a region of highly prospective geology for gold mineralization analogous to West Africa’s established gold districts.
News releases31 on file
Founders Metals Consolidates 100% Ownership of the Antino Gold Project and Closes C$77 Million Strategic Investment by Gold Fields
Acquisition of the remaining 30% of Lawa Gold N.V. from Nana Resources has closed, giving Founders Metals a 100% royalty-free interest in the 102,360-hectare Antino Gold Project in southeastern Suriname; Nana received US$17,000,000 in cash and 13,568,944 common shares, plus up to US$21,000,000 in contingent milestone payments. Concurrently, Gold Fields' C$76,958,864 investment closed through the i
AcquisitionFounders Metals Hits 27.0 m of 20.38 g/t Gold in First Step-Out Drilling on New West Zone at Antino
Drilling at the Upper Antino-West Zone of the Antino Gold Project in southeastern Suriname returned 27.0 m of 20.38 g/t gold from 100.0 m in hole FR251, including 10.0 m of 43.26 g/t Au, while FR250 returned 14.0 m of 1.63 g/t Au from 119.0 m, including 2.0 m of 9.86 g/t Au. The West Zone lies 1.2 km west of the Froyo Zone; five follow-up holes are complete and drilling continues. The acquisition
Drill resultsFounders Metals to Consolidate 100% Ownership of Antino Gold Project; Gold Fields Increases Strategic Stake to 19.9%
Founders Metals has agreed to acquire Nana Resources' remaining 30% of Lawa Gold N.V., consolidating 100% royalty-free ownership of the 102,360-hectare Antino Gold Project in southeastern Suriname, for US$17,000,000 cash, 13,568,944 common shares, and up to US$21,000,000 in milestone payments tied to resources, permitting, construction and production. Concurrently, Gold Fields will invest C$76,958
AcquisitionFounders Metals Provides Mid-Year Exploration Update Across Four Targets; Confirms New Antino Northeast Discovery with 58.5 m of 1.00 g/t Gold
First-ever drilling at Antino Northeast, part of the Antino Gold Project in southeastern Suriname, returned 58.5 m of 1.00 g/t gold from 18.6 m in ANE009, including 18.0 m of 1.59 g/t, and 53.0 m of 0.46 g/t from 149.0 m in ANE002, over a 1,200 m drill-confirmed strike. Antino North returned 16.5 m of 1.82 g/t from 8.1 m and 8.1 m of 3.42 g/t from surface, while fifteen deep auger holes at Maria G
Drill resultsFounders Metals Appoints Felicia de la Paz as Chief Financial Officer
Felicia de la Paz has been appointed Chief Financial Officer and Corporate Secretary of Founders Metals, effective July 6, 2026, succeeding Samuel Yik. She has over 15 years in the natural resources sector and most recently served as CFO and Corporate Secretary of FPX Nickel Corp., with prior roles at Equinox Gold Corp. and KPMG LLP. The Company states it remains fully funded for its 70,000 metre
ManagementFounders Metals Maps Geometry of High-Grade Gold at Maria Geralda: Hits 30.0 m of 4.64 g/t Au and 12.0 m of 10.57 g/t Au in Deep Auger Drilling
A 37-hole deep auger program at the Maria Geralda target on the Antino Gold Project in southeastern Suriname returned 30.0 m of 4.64 g/t Au (MGAD041), 12.0 m of 10.57 g/t Au (MGAD059), 14.0 m of 7.52 g/t Au (MGAD056) and 15.0 m of 4.83 g/t Au (MGAD055), with 20 holes ending in mineralization at the 30 m auger limit. The data define a shoot plunging 56–60° west-southwest, with all mineralization in
Drill resultsFounders Metals Provides Corporate Update on the Antino Gold Project
The earn-in period under the amended and restated option agreement dated August 27, 2024 with Nana Resources N.V. and Lawa Gold N.V. has ended and the joint venture phase has begun, leaving Founders with a 70% interest in the Antino Gold Project in southeastern Suriname and continuing as operator. Founders notified Nana on May 18, 2026 that it will not exercise its third option for an additional 5
CorporateFounders Metals Completes Two-Year Environmental Baseline Assessment at Antino
A two-year environmental baseline assessment has been completed at the Antino Gold Project in southeastern Suriname, conducted by Caribbean Environmental Risk Solutions across four seasonal campaigns from July 2024 to November 2025 at ten sampling locations, in accordance with IFC Performance Standards and the Convention on Biological Diversity. It is the first such study at Antino and documented
CorporateFounders Metals Announces Increased Strategic Investment by Gold Fields
Gold Fields Netherlands Services B.V. bought 2,441,686 Founders Metals common shares on April 6, 2026 at a weighted average price of approximately C$4.15 per share, for total consideration of about C$10.1 million, through open market purchases. Gold Fields now holds 14,489,879 shares, or approximately 12.50% of shares outstanding on a non-diluted basis, up from about 10.39% after its initial C$50
FinancingFounders Metals Makes First Discovery at Antino North; Drills 17.22 g/t Au over 3.6 m within 24.6 m of 2.81 g/t Au
The first drillhole ever completed in the Antino North area of the Antino Gold Project in southeastern Suriname, hole AN001, returned 24.6 m of 2.81 g/t gold from 1.5 m, including 3.60 m of 17.22 g/t gold, plus 13.5 m of 0.44 g/t gold from 54.6 m. The hole tested one of twelve mapped northwest-trending parallel shear zones, with 5.3 km of combined mapped strike length on surface and over 4,500 aug
Drill resultsFounders Metals Added to GDXJ Index; Commences Drilling at Antino North
Inclusion in the MVIS Global Junior Gold Miners Index, the benchmark for the VanEck Junior Gold Miners ETF, was confirmed in the Q1 2026 quarterly review. Diamond drilling has begun at Antino North on the Antino Gold Project in southeastern Suriname, where field work delineated ten parallel gold-bearing structures across a 4 km area, with a second rig mobilizing to test a multi-kilometre historica
CorporateFounders Metals Discovers Multi-Kilometre Gold System at Antino North; Auger Drilling Returns 20.0 m of 7.54 g/t Au at Maria Geralda
Surface exploration at the Antino North area of the Antino Gold Project in southeastern Suriname has mapped ten parallel, northwest-trending gold-bearing shear zones up to 30 m wide across a 4 km area, with channel sampling of 20.0 m of 2.07 g/t Au, including 7.0 m of 5.05 g/t Au, and a grab sample of 57.80 g/t Au. Auger anomalies measure ~3.4 km × 1.0 km, with a historical anomaly of ~5.2 km × 3.
Drill resultsFounders Metals Commences Trading on the OTCQX
Founders Metals' common shares have begun trading on the OTCQX Best Market in the United States under the symbol FDMIF, in addition to its TSX-V (FDR) and FSE (9DL0) listings. JWTT Inc. acted as the company's OTCQX sponsor. Founders' flagship asset is the 20,000-ha Antino Gold Project in Suriname.
CorporateFounders Metals Drills 14.03 g/t Gold over 13.0 metres and 12.34 g/t Gold over 8.0 Metres; Extends Froyo Gold Zone by 50 Metres
Drilling at the Antino Gold Project in southeastern Suriname returned 13.0 m of 14.03 g/t gold from 77.0 to 90.0 m in hole FR038, which also cut 7.6 m of 4.50 g/t Au from 4.0 m and 9.0 m of 3.04 g/t Au from 63.0 m. Hole FR040 returned 8.0 m of 12.34 g/t Au from 78.0 to 86.0 m. Gold mineralization was extended 50.0 m into the previously undrilled 150 m Froyo-Ginger Connector Zone, with further assa
Drill resultsFounders Metals Closes $5 Million Bought Deal Financing And Fully Exercised Over-Allotment Option
A bought deal private placement of 7,187,500 common shares at $0.80 per share closed for gross proceeds of $5,750,000, including full exercise of the 15% over-allotment option. BMO Nesbitt Burns Inc. led the syndicate with Paradigm Capital Inc. and Clarus Securities Inc., receiving a cash fee of $345,000, equal to 6.0% of gross proceeds, plus a $3,000 finder's fee to Richardson Wealth Limited. Pro
FinancingFounders Metals Hits New Highest-Grade Sample of 231.92 g/t Gold over 1.0 metre within 3.0 Metres of 99.51 g/t Gold
Hole 23FR026 at the Antino Gold Project in southeastern Suriname returned 3.0 metres of 99.51 g/t gold, including 1 metre grading 231.92 g/t gold, the highest-grade intercept to date on the property. The interval starts at 25 metres vertical depth, below the oxide zone and in bedrock, in the Froyo-Ginger Connector Zone, and remains open to depth and along strike. A shallower-angled hole from the s
Drill resultsFounders Metals Identifies Historical Artisanal Mining Tailings Grading up to 9.17 Grams Per Tonne Gold from Multiple Areas
An auger geochemical survey of historical artisanal mining tailings at the Antino Gold Project in southeastern Suriname returned up to 9.17 g/t gold. The 78 one-metre samples, collected from 1-3 metres depth, gave Froyo zone results up to 9.17 g/t Au averaging 3.35 g/t over twenty samples, Eclaire up to 3.77 g/t Au averaging 1.41 g/t (27 samples) and Donut up to 1.56 g/t Au (31 samples). Three tai
Drill resultsFounders Metals Drills 45.79 m of 4.06 g/t Gold at Antino Gold Project, Extending High-Grade Gold Zone by Over 80 Metres
Drilling at the Froyo Gold Zone at the Antino Gold Project in southeastern Suriname returned 45.79 m of 4.06 g/t gold in hole 23FR025, 6.80 m of 13.97 g/t gold in 23FR022 and 21.00 m of 1.19 g/t gold in 23FR021, extending high-grade mineralization more than 80 m from historical intercepts. Over 5,700 m of the 10,000 m program is complete, with 2,087 m of assays pending. The board also granted 950,
Drill resultsFounders Metals closes $1.7 million Private Placement with Strategic Investor
A non-brokered private placement has closed for gross proceeds of $1,700,000 through the issuance of 4,250,000 common shares at $0.40 per share, with no commission or fees paid and no warrants. The shares are subject to a four-month-and-a-day hold period. Proceeds will fund exploration and development at the Antino Gold Project in southeast Suriname, including technical studies, geophysical survey
FinancingFounders Metals Announces Listing on Frankfurt Exchange
Founders Metals shares now trade on the Frankfurt Stock Exchange under the symbol 9DL0 (WKN A2QQ1W), with its main listing remaining on the TSX Venture Exchange under FDR. The company is at the midway point of a 10,000 m 2023 drilling campaign at the 20,000 ha Antino Gold Project in Suriname, where recent drilling highlights include 15.50 metres of 30.72 g/t gold.
CorporateFounders Metals Commences Maiden Drill Program At Antino Gold Project
Drilling has begun at the Antino Gold Project in southeastern Suriname, with up to 10,000 m of diamond drilling planned, initially targeting expansion along strike and to depth of the high-grade Froyo Zone in the Upper Antino Area, plus the Ginger, Donut and Eclaire historical resource areas. The program also includes structural mapping, soil, channel and rock grab sampling, and 52 km of ground ma
Drill resultsFounders Metals Purchases and Mobilizes Drills to Antino Gold Project
Two Hydracore HC2000 surface core drills, purchased by Founders Metals, have been shipped to the Antino Gold Project in Suriname, with arrival at the Port of Paramaribo scheduled for May 29, 2023 and mobilization to the Upper Antino Camp area in early June. Drilling is planned to begin by late June, operated by an in-country crew with support from on-site Canadian operators. The drills can core dr
AcquisitionFounders Metals Appoints New Vice President of Exploration and Issues Options
Pascal Voegeli has been appointed Vice President of Exploration effective May 1, 2023, leading exploration and expansion plans at the Antino Gold Project in Suriname's Guiana Shield. Voegeli is currently a Senior Geologist with Metals Group and previously worked on Benchmark Metals' Lawyers Project in British Columbia. The board also granted 2,810,000 options exercisable at C$0.35 per share with a
ManagementFounders Metals Provides Antino Gold Project Over
An overview was provided of the newly acquired 200 km² Antino Gold Project in southeastern Suriname, which holds over 30,000 m of historical drilling, more than 35,000 auger samples, aeromagnetic data and a 2022 LiDAR survey, and covers an area of artisanal mining with more than 500,000 reported gold ounces produced. Historical drill highlights include 62 m at 9.59 g/t Au (UA003) and 9.64 m at 33.
NewsFounders Closes Assignment of Antino Option and Upsized Concurrent Financing of $3,083,000
The acquisition from Orea Mining Corp. of the option to acquire up to 75% of the Antino Gold Project in Suriname from Nana Resources N.V. has closed, with TSX Venture Exchange approval. A concurrent private placement closed for gross proceeds of $3,083,000, issuing 15,415,000 units at $0.20, each comprising one share and half a warrant exercisable at $0.35 until March 21, 2025. Proceeds will fund
AcquisitionFounders Files NI 43-101 Technical Report on Antino Project and to Close Assignment of Antino Option on March 20, 2023
The closing of a concurrent financing of up to 16,000,000 units for gross proceeds of up to $3,200,000 has been extended to March 20, 2023 to allow additional subscribers, with TSX Venture Exchange conditional approval for the increased amount received March 14, 2023. On the same date the company is scheduled to complete the acquisition from Orea Mining Corp. of the option to acquire up to 75% of
Study resultsFounders to Close Assignment of Antino Option on March 16, 2023 with Upsized Concurrent Financing of up to $3.2 Million
Acquisition from Orea Mining Corp. of the option to acquire up to 75% of the Antino Gold Project in Suriname from Nana Resources N.V. is scheduled to close March 16, 2023, having received conditional TSX Venture Exchange approval. The concurrent private placement has been increased to gross proceeds of up to $3,200,000 through up to 16,000,000 units at $0.20, each with a half warrant exercisable a
AcquisitionFounders Provides Progress Update on Antino Option and Engages Howard Group to Direct Capital Market and Corporate Digital Communications
Conditional TSX Venture Exchange approval has been received for the acquisition from Orea Mining Corp. of an option to acquire up to 75% of the 23,800 ha Antino Gold Project in Suriname from Nana Resources N.V., alongside a concurrent private placement for gross proceeds of up to $2,500,000. Closing will follow satisfaction of the approval conditions. The Howard Group Inc. has been engaged as capi
AcquisitionFounders Announces $2.5 Million Private Placement
A private placement of up to 12,500,000 units at $0.20 per unit for gross proceeds of up to $2,500,000 has been launched. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.35 for 24 months. Proceeds will fund exploration and development at the 23,800 ha Antino Gold Project in southeast Suriname, including technical studies, geophysical surveys, sam
FinancingFounders Metals Appoints New Chief Executive Officer
Colin Padget has been appointed President, Chief Executive Officer and Director of Founders Metals, bringing the board to five members. Padget is currently a Senior Geologist at Benchmark Metals and Thesis Gold, and holds degrees from Memorial University of Newfoundland and the University of New Brunswick, with graduate studies at the University of Calgary. He will lead work on the recently acquir
ManagementFounders Metals Inc. signs Agreement for Option on Antino Gold Project in Suriname
A letter agreement dated October 19, 2022 with Orea Mining Corp. assigns to Founders Metals Orea's option to earn up to 75% of the 238 square kilometre Antino Gold Project in southeastern Suriname, for $1,000,000 payable as $250,000 cash on signing, $250,000 cash by December 31, 2022, and $500,000 in shares at $0.50. Earn-in requires cash payments, share issuances and exploration spending across t
Acquisition