Founders Metals Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Colin Padget
- Full Time Employees
- 22
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 1111 West Hastings Street Vancouver BC Canada V6E 2J3
- IPO Date
- Aug 29, 2023
- Website
- fdrmetals.com
- Similar Companies
- Business
- Founders Metals Inc. (TSX-V: FDR, OTCQX: FDMIF) is a Canadian-based mineral exploration company focused on advancing its flagship Antino Gold Project in southeastern Suriname, South America, within the prolific Guiana Shield; the project spans 56,000 hectares following recent expansions and features multiple high-grade gold targets including Upper Antino, Buese, Lower Antino, Van Gogh, Da Vinci, Froyo, Donut, Maria Geralda, and emerging zones, supported by extensive drilling programs exceeding 60,000 metres in 2025, airborne geophysics, auger sampling, metallurgical testing with up to 96% gold recovery, and historical production of over 500,000 ounces from surface and alluvial mining. The company conducts systematic exploration activities encompassing diamond drilling for high-grade shear-hosted and bulk-tonnage mineralization, soil geochemical surveys, LiDAR and aeromagnetic data integration, IP surveys, and resource delineation across a district-scale land package with shear zone and intrusion-related orogenic gold systems. Founders Metals targets institutional investors and strategic partners in the gold mining sector, operating primarily in Suriname with headquarters in Vancouver, British Columbia, Canada, founded in 2021. Recent developments include the November 2025 completion of a 36,000-hectare acquisition for USD 5.0 million cash plus milestone payments, expanding Upper Antino mineralization to 2.5 kilometres; closure of a USD 50 million strategic investment by Gold Fields Limited, granting board nomination rights above 12.5% ownership and technical collaboration; a February 2025 C$32.5 million bought deal financing led by BMO Capital Markets to fund accelerated drilling; multiple new discoveries such as 22.5 metres of 11.88 g/t gold at Maria Geralda and extensions at Buese over 1,000 metres; and board appointments including Vijay Kirpalani in November 2025.
Founders Metals Provides Mid-Year Exploration Update Across Four Targets; Confirms New Antino Northeast Discovery with 58.5 m of 1.00 g/t Gold
Founders Metals Appoints Felicia de la Paz as Chief Financial Officer
Founders Metals Hits 53.1 m of 1.21 g/t Au from Surface in New Zone West of Upper Antino; Froyo Zone Drilling Intersects 9.0 m of 12.21 g/t Au & 37.0 m of 3.27 g/t Au
Founders 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
Founders Metals Provides Corporate Update on the Antino Gold Project
Founders Metals Announces Results of Annual General Meeting
Founders Metals Hits 12.95 g/t Gold over 6.0 m Confirming High-Grade Gold Potential at Lower Antino
Founders Metals Completes Two-Year Environmental Baseline Assessment at Antino
Founders Metals Announces Increased Strategic Investment by Gold Fields
Founders 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
Founders Metals Added to GDXJ Index; Commences Drilling at Antino North
Founders Metals Upgrades Lower Antino to Advanced Target; Hits 65.9 m of 1.16 g/t Gold
Founders Metals Discovers Multi-Kilometre Gold System at Antino North; Auger Drilling Returns 20.0 m of 7.54 g/t Au at Maria Geralda
Founders Metals Drills 6.0 m of 21.43 g/t Gold Near Surface; 10.0 m of 5.90 g/t Gold at Depth
Founders Metals Consolidates over 100,000 ha Gold District in Suriname
Founders Metals Intersects 90.0 m of 1.02 g/t Gold at Lower Antino
Founders Metals Provides Exploration Update on Emerging Targets; Drills 72.0 m of 1.01 g/t Gold at Parbo
Founders Metals Appoints Vijay Kirpalani to Board of Directors
Founders Metals Completes 36,000 Hectare Acquisition & Expands Upper Antino Gold Mineralization to 2.5 Kilometres
Founders Metals Closes $50,000,000 Strategic Investment by Gold Fields