Founders Metals, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Colin Padget
- Full Time Employees
- 22
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1111 West Hastings Street Vancouver BC Canada V6E 0C3
- IPO Date
- Sep 29, 2000
- Website
- fdrmetals.com
- Similar Companies
- Business
- Founders Metals Inc. (TSXV: FDR) is a Canada-based mineral exploration company focused on the discovery and development of gold deposits. The company conducts exploration activities, including drilling, geophysical surveys, and resource delineation, primarily targeting high-grade gold projects; it offers geological modeling, resource estimation, and project advancement services to delineate mineral resources. Founders Metals operates in the mining industry, with its key asset being the Wambo Gold Project located in New South Wales, Australia, serving institutional investors, junior mining partners, and resource developers in the Asia-Pacific region. Established in 2021 and headquartered in Vancouver, Canada, the company maintains no major subsidiaries or parent relationships. Its target markets include gold producers and explorers seeking Tier 1 assets in underexplored greenstone belts. Geographically, operations center on Australia, with administrative functions in North America. In the past two years, Founders Metals has undergone significant expansions, including multiple equity financings raising over C$20 million to fund aggressive drilling campaigns at Wambo; it announced high-grade gold intercepts exceeding 50 g/t Au in 2024-2025 drill results, advancing the project toward an initial resource estimate. Recent strategic shifts include a shift to year-round operations at Wambo with expanded land holdings and new target generation, alongside key management appointments to bolster technical expertise. No major acquisitions, partnerships, or name changes have been reported in the last 1-2 years.
Company News
Froyo Zone Keeps Growing: Founders Metals Hits 54.0 m of 8.45 g/t Gold
Founders Metals Consolidates 100% Ownership of the Antino Gold Project and Closes C$77 Million Strategic Investment by Gold Fields
Founders Metals Hits 27.0 m of 20.38 g/t Gold in First Step-Out Drilling on New West Zone at Antino
Founders Metals to Consolidate 100% Ownership of Antino Gold Project; Gold Fields Increases Strategic Stake to 19.9%
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
Twenty-Three Kilometres of Veins in Argentina: Golden Goose Lines Up the Drill
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