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Founders Metals - FDMIF STOCK NEWS

Welcome to our dedicated page for Founders Metals news (Ticker: FDMIF), a resource for investors and traders seeking the latest updates and insights on Founders Metals stock.

About Founders Metals Inc.

Founders Metals Inc. (OTCQX: FDMIF) is a Canadian-based mineral exploration company dedicated to advancing gold exploration projects in the Guiana Shield region of Suriname, South America. The company's flagship Antino Gold Project spans an expansive 20,000 hectares in southeastern Suriname, a region renowned for its rich geological history and significant untapped mineral potential. The Antino Project has produced over 500,000 ounces of gold through surface and alluvial mining, underscoring its historical importance and future promise.

Core Business and Operations

Founders Metals focuses on the discovery, delineation, and development of high-grade gold deposits. The company employs a systematic exploration approach, integrating advanced geological mapping, geophysical surveys, and extensive drilling programs. Its business model centers on de-risking projects through resource expansion and metallurgical studies, thereby creating value for stakeholders and positioning the company for potential partnerships or acquisitions.

The Antino Gold Project

The Antino Gold Project is situated in the heart of the Guiana Shield, a geologically significant region known for hosting world-class gold deposits. The project encompasses multiple gold zones, including the Froyo, Lower Antino, Buese, and newly discovered areas such as Da Vinci and Van Gogh. These zones exhibit diverse mineralization styles, including high-grade shear-hosted gold and bulk-tonnage intrusion-hosted mineralization. Recent drilling campaigns have revealed significant gold intercepts, highlighting the project's potential to host a Tier 1 gold deposit.

Exploration Achievements

  • Completion of over 45,000 meters of drilling in 2024, with plans for an additional 60,000 meters in 2025.
  • Discovery of high-grade zones such as Froyo, which has a drill-defined strike length of 1.6 kilometers and remains open at depth and along strike.
  • Successful metallurgical testing demonstrating gold recoveries exceeding 95%, supporting the project's economic viability.
  • Strategic partnerships, including a significant investment from B2Gold Corp., validating the project's potential and providing financial support for exploration efforts.

Industry Position and Competitive Edge

Founders Metals operates in the junior mining and exploration sector, a high-risk, high-reward industry. The company differentiates itself through its focus on the underexplored Guiana Shield, a region with proven geological potential but limited modern exploration. Founders' technical expertise, as demonstrated by its adherence to NI 43-101 standards and rigorous quality assurance protocols, further strengthens its competitive position. The company's transparent communication of exploration results and strategic financial partnerships enhance its credibility and appeal to investors.

Technical Expertise and E-E-A-T

Founders Metals demonstrates a high level of expertise and authoritativeness through its detailed technical reporting, adherence to international standards, and robust exploration methodologies. The company's team includes experienced geologists and mining professionals who bring decades of industry experience. By maintaining a secure chain of custody for samples, employing certified laboratories, and integrating advanced exploration techniques, Founders ensures the reliability and accuracy of its findings.

Conclusion

Founders Metals Inc. is a dynamic exploration company with a strong focus on unlocking the potential of the Antino Gold Project. Through its commitment to systematic exploration, technical excellence, and strategic partnerships, the company is well-positioned to capitalize on the Guiana Shield's untapped mineral wealth. Founders Metals represents a compelling opportunity within the gold exploration sector, driven by its focus on high-grade discoveries and resource expansion.

Rhea-AI Summary
Founders Metals Inc. (FDMIF) announces the drill core assay results from the Antino Gold Project in southeastern Suriname. The company reports six separate gold intervals in drill hole 23FR045, with a total of 56.5 meters of gold mineralization, demonstrating further evidence of a gold-bearing shear zone parallel to the main Froyo shear. The new Chief Financial Officer, Mr. Samuel Yik, brings over 11 years of CFO experience in managing publicly listed companies in Canada and the United States.
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Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) announces the start of its 2024 drilling campaign and provides drill core assay results from the Antino Gold Project in southeastern Suriname. The Company reports a high-grade gold interval of 10.0 metres of 24.61 grams per tonne gold from resource infill/expansion-type drilling conducted in late 2023 within the Froyo Gold Zone. Founders is fully funded for an initial 2024 drill program of up to 30,000 m.
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Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) announces high-grade gold intervals at Antino Gold Project in Suriname, doubling the width of the gold mineralized footprint to over 200m.
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Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) reports record-breaking high-grade gold intervals from the Antino Gold Project in southeastern Suriname. The company announces a new highest grade gold assay in the property's history at 434.98 g/t Au over 1.0 metre, with multiple high-grade gold zones hitting up to 94.69 g/t Au over 6.0 m. Founders' CEO and President, Colin Padget, expressed excitement over the potential broader mineralized footprint and the company's strong financial position to meet or exceed 2024 exploration goals.
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Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) announces its common shares are now trading on the OTCQX Best Market under the symbol 'FDMIF'. President and CEO, Colin Padget, stated that this move increases accessibility to U.S. shareholders, enhances market liquidity, and boosts global visibility. Founders Metals Inc. met high financial standards, best practice corporate governance, and U.S. securities laws compliance to qualify for the OTCQX Best Market.
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Founders Metals Inc. (TSXV: FDR) (FSE: 9DL0) announces positive drill core assay results from the Antino Gold Project in southeastern Suriname. Gold mineralization extended over 50.0 m into Froyo-Ginger Connector Zone, with significant gold zones intersected in drill holes FR038 and FR040. Colin Padget, Founders' CEO and President, expressed excitement over the impressive continuity of gold mineralization along strike.
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Founders Metals Inc. announces drill core assay results from the Antino Gold Project in southeastern Suriname. The results include a 3.0m interval of 99.51g/t gold (Au), which is the highest-grade gold intercept to date on the property. The hit is only 25m down and remains open to depth and further along strike in the Froyo-Ginger Connector Zone.
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Founders Metals Inc. announces positive drill core assay results from its maiden drill program at the Antino Gold Project in Suriname. The Company continues to intercept high-grade gold at the Froyo Gold Zone, with significant results of 26.00 metres of 6.35 grams per tonne Gold (Au) and 10.50 metres of 8.91 g/t Au near surface. Founders also reports that its second Company-owned rig has begun drilling Upper Antino exploration targets.
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Founders Metals Inc. reports high gold concentrations in historical mining tailings at the Antino Gold Project in Suriname. The auger geochemical survey reveals gold concentrations of up to 9.17 g/t Au in the alluvial mining tailings. The Company plans to evaluate the economic potential of the tailings.
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Founders Metals Inc. announces positive drill core assay results from its 2023 drill program at the Antino Gold Project in Suriname. High-grade gold mineralization extended over 80m from historical intercepts, demonstrating significant potential. The company has drilled over 5,700m of its 10,000m drill program, with 2,087m of pending assays.
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FAQ

What is the current stock price of Founders Metals (FDMIF)?

The current stock price of Founders Metals (FDMIF) is $3.96 as of February 28, 2025.

What is the market cap of Founders Metals (FDMIF)?

The market cap of Founders Metals (FDMIF) is approximately 298.3M.

What is Founders Metals' primary focus?

Founders Metals focuses on gold exploration and development, primarily at its Antino Gold Project in Suriname.

Where is the Antino Gold Project located?

The Antino Gold Project is located in southeastern Suriname, within the Guiana Shield region of South America.

What makes the Guiana Shield significant for gold exploration?

The Guiana Shield is a geologically rich region known for hosting world-class gold deposits, making it a prime location for exploration.

How does Founders Metals ensure exploration quality?

The company employs rigorous quality assurance protocols, certified laboratories, and advanced exploration techniques to ensure reliable results.

What are the key achievements of Founders Metals?

Key achievements include high-grade gold discoveries, over 45,000 meters of drilling in 2024, and strategic partnerships with companies like B2Gold.

What is the significance of the Froyo Gold Zone?

The Froyo Gold Zone is a high-grade gold discovery at the Antino Project, with a 1.6 km strike length and significant expansion potential.

What is the company's business model?

Founders Metals generates value by discovering and delineating gold resources, de-risking projects, and attracting strategic partnerships.

What are the metallurgical results for Antino?

Metallurgical tests show gold recoveries exceeding 95%, supporting the project's economic viability.
Founders Metals

OTC:FDMIF

FDMIF Rankings

FDMIF Stock Data

298.33M
31.87M
11.26%
32.28%
Gold
Basic Materials
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Canada
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