Latest news with #FoundersMetals
Yahoo
28-06-2025
- Business
- Yahoo
Retail investors account for 56% of Founders Metals Inc.'s (CVE:FDR) ownership, while institutions account for 32%
Significant control over Founders Metals by retail investors implies that the general public has more power to influence management and governance-related decisions The top 18 shareholders own 44% of the company Insider ownership in Founders Metals is 11% AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Every investor in Founders Metals Inc. (CVE:FDR) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 56% to be precise, is retail investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Meanwhile, institutions make up 32% of the company's shareholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. Let's delve deeper into each type of owner of Founders Metals, beginning with the chart below. View our latest analysis for Founders Metals Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Founders Metals already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Founders Metals, (below). Of course, keep in mind that there are other factors to consider, too. Founders Metals is not owned by hedge funds. The company's largest shareholder is BlackRock, Inc., with ownership of 13%. For context, the second largest shareholder holds about 12% of the shares outstanding, followed by an ownership of 4.3% by the third-largest shareholder. Nicholas Stajduhar, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors. Our studies suggest that the top 18 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our information suggests that insiders maintain a significant holding in Founders Metals Inc.. Insiders own CA$44m worth of shares in the CA$389m company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public -- including retail investors -- own 56% of Founders Metals. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 3 warning signs for Founders Metals you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Mining's New Golden Age Driven By Inflation Fears
Equity Insider Issued on behalf of RUA GOLD Inc. VANCOUVER, BC, June 26, 2025 /CNW/ -- Equity Insider News Commentary – This year's bullish run for gold continues to pick up momentum, and it's starting to trickle towards the miners. According to a new report from Reuters, the TSX is currently approaching its own recent record high, as gold mining shares continue to climb. As Iran-Israel tensions escalate, despite the announcement of a supposed cease fire, gold continues to be seen as a safe-haven investment. Gold price bulls continue to shrug off the ceasefire's impact on the precious metal, ahead of the Federal Reserve's Chair Jerome Powell's awaited testimony coming in July. Amid the scramble, investors are seeking out more information on miners, with recent attention turning towards groups such as RUA GOLD Inc. (TSXV: RUA) (OTCQB: NZAUF), Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF), Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF), Fuerte Metals Corp. (TSXV: FMT) (OTCQB: FUEMF), and U.S. Gold Corp. (NASDAQ: USAU).
Yahoo
23-06-2025
- Business
- Yahoo
Founders Metals Expands Lower Antino & Provides Mid-Year Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces mid-year drilling results and provides a comprehensive overview of 2025 activities at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company is on-track and fully financed to complete 60,000+ metres (m) of drilling in 2025 alongside an aggressive surface exploration program within the 200 km2 Antino land package. Highlights Expansion of Lower Antino confirms over 700 m of strike with recent drilling including 50.0 m of 1.02 grams per tonne (g/t) gold (Au) (LA024) as well as 21.00 m of 1.00 g/t Au (LA028), a 475 m step-out from previously released 81.9 m of 1.01 g/t Au (LA003) Lawa reveals structural corridor of 8.0 km with extensive artisanal workings, a channel sample returning 27.0 m of 1.99 g/t Au and drilling that confirms gold mineralization in multiple holes Upper Antino drilling program offers substantial expansion potential by drilling to connect the Froyo-Donut zones, doubling depth to 550 m, and extending north-south along strike Other emerging targets continue to prove significant exploration opportunities Drilling results at Da Vinci remain consistent including 25.0 m of 1.01 g/t Au (DV007) and 29.0 m of 0.94 g/t Au (DV008) Maria Geralda has a 500 m by 400 m gold anomaly with 54% of soil samples above 0.1 g/t Au, which Founders has started drilling and expects results shortly Surface exploration programs planned for Van Gogh, Da Vinci, Lawa, and Parbo to plan for follow-up drill programs Colin Padget, President & CEO of Founders, commented "The Company's 2025 drilling campaign is delivering exceptional results that continue to expand gold mineralization across the property. At Upper Antino we see three major opportunities for growth: connecting the dots between Froyo and Donut, doubling the depth with deeper drilling, and extending north and south along strike. With Lower Antino, we are thrilled to report gold over substantial intervals in every hole. Lower Antino drilling demonstrates this is a large gold system and provides an opportunity to add ounces if combined with the nearby high-grade at Upper Antino." "Our excitement around the potential of Da Vinci, Van Gogh, and Lawa remains high given their strong initial results. Additionally, we recently began drilling at Maria Geralda, where our excitement led to rushing the first batch of holes with results expected shortly." Antino Operations Update Due to uncommonly high precipitation during the 2025 rainy season, the Company is temporarily focusing more of its drilling closer to its main camp at Upper Antino. The decision was made to maintain efficient, cost-effective drilling, and has enabled near-continuous four-rig operation while avoiding the supply chain and logistical challenges associated with working on more remote targets during wet conditions. Drier conditions typically return mid-August, after which point the Company intends to resume drilling at further away targets including, Da Vinci, Van Gogh, and Lawa. Figure 1: Antino Property Map To view an enhanced version of this graphic, please visit: Exploration Update Upper Antino (Advanced Target) Upper Antino represents the Company's most advanced target, with drilling having defined a substantial mineralised footprint spanning 1,700 m of strike, up to 450 m wide, and extending to 280 m depth. Founders has released assay results for ~6,500 m to date of its planned 20,000-metre Upper Antino 2025 drill program. Ongoing drilling focuses on the following three major opportunities for growth: Connecting the dots: Grid drilling program testing for additional parallel gold mineralization between Froyo and Donut; potential to increase the mineralized footprint across-strike to over 1,000 m. Drilling deeper: New deep drilling program to test depths of up to 550 m from surface; potential to nearly double depth extent of current maximum depths of ~280 m. North and south extensions: Systematic grid drilling along strike of Upper Antino gold mineralization testing up to 800 m of further growth to the south and north/northwest. Lower Antino (Intermediate Target) Drilling at Lower Antino has defined parallel, northeast-trending gold zones extending up to 700 m along strike with potential for considerable additional growth. Drill hole LA024 significantly extends the mineralized footprint, stepping out 475 m across strike from previously released drill hole LA003, which returned 81.9 m of 1.01 g/t Au. LA024 intersected 50.0 m of 1.02 g/t Au from 72.0 m down hole, demonstrating strong continuity of mineralization across a substantial distance. Other significant gold intervals from the current program include 20.9 m of 1.11 g/t Au in LA019 and 21.0 m of 1.00 g/t Au in LA028 (Figure 2 & 3). Lower Antino gold mineralization is consistently hosted in intensely sericite-altered, moderately sheared, tonalitic intrusive rocks with generally consistent grade distribution throughout the mineralized intervals. All zones remain open along strike and to depth, indicating significant potential for further discoveries across strike. The Company has completed ~7,500 m of drilling to date at Lower Antino and plans to drill up to an additional 2,500 m by year's end. Figure 2: Lower Antino Plan Map To view an enhanced version of this graphic, please visit: Figure 3: Lower Antino Cross-Section To view an enhanced version of this graphic, please visit: Buese (Intermediate Target) Buese gold mineralization occurs over broad intervals of moderate grade within and at the margins of tonalitic intrusive rocks. High-grade gold mineralization is also present at Buese, occurring mostly within high strain and/or breccia zones. Further details are discussed in the April 23, 2025 news release. Founders' drilling demonstrates gold is present along 2,000+ m of strike and to depths of up ~250 m. The Company has released assay results for ~3,100 m of Buese drilling in 2025 and plans to complete up to 7,000 m this year. Moving forward, follow-up drilling will concentrate on extending the drill-confirmed gold mineralization both northwest and southeast, while systematically testing for high-grade mineralized shoots within the broader intrusive complex. Additionally, auger work will resume in drier conditions to continue evaluating the substantial tailings opportunity and expand upon initial positive results. Da Vinci (Emerging Target) Gold mineralization at Da Vinci is hosted in a mixed sequence of sedimentary rocks. The estimated true widths of gold-bearing intervals range from ~7.5 m to 40 m along 150 m of strike and to true depths of ~250 m. Newly drilled intervals include 25.0 m of 1.01 g/t Au (DV007) and 29.9 m of 0.94 g/t Au (DV008), further expanding Da Vinci mineralization. Like gold mineralization at Upper Antino, drill core and mapping data suggest higher-grade zones occur where the main NW structure has been refolded (NE striking axial plane) providing new opportunities for targeting along strike mineralization and offering potential for new discoveries across-strike where similar late folding may have affected structures to the main shear (Figure 4 & 5). Founders discontinued drilling at Da Vinci due to wet weather conditions and anticipates returning for follow-up work by early September. Drilling will further test mineralization along-strike and to the NE and SW for additional repeating structures and gold zones. Prospecting and auger program at the Da Vinci area is also underway to support further exploration drill targeting in the area. Figure 4: Da Vinci Plan Map To view an enhanced version of this graphic, please visit: Figure 5: Da Vinci Cross-Section To view an enhanced version of this graphic, please visit: Van Gogh (Emerging Target) Initial Van Gogh drilling intersected substantial intervals of high-grade gold mineralization including previously released 28.5 m of 7.12 g/t Au (VG001) and 72.0 m of 2.29 g/t Au (VG004). March 17, 2025 news release (Figure 6). Subsequent drill holes VG005 and VG006 were drilled to test apparent along-strike continuity, however, neither hole returned significant assay results. There remain several possible orientations and hypotheses to test regarding the early impressive gold mineralized intervals. Founders intends to complete additional surface work first before continuing to drill. Drill core and orientation data collected to date has been critical to improving our understanding of the Van Gogh gold system and is currently being complimented by a systematic surface exploration program. Concurrent with similar work in the Da Vinci area, the program includes augering, trenching, and structural mapping and is intended improve the targeting of future holes. Given the scale and very high-grade nature of the initial Van Gogh results, the Company intends to return to Van Gogh to complete up to 3,500 m of drilling. Figure 6: Van Gogh Plan Map To view an enhanced version of this graphic, please visit: Lawa (Emerging Target) The Lawa target represents a major structural corridor with significant discovery potential, comprising over 8.0 km of mapped shearing and extensive artisanal workings. Gold mineralization occurs within sheeted tension vein arrays, presenting as both disseminated pyrite and visible free gold in sheared quartz veins that run sub-parallel to regional structures (Figure 7). Recent exploration has yielded promising results, including channel sampling at Lawa North returning 27.0 m of 1.99 g/t Au (Figure 7). Initial drilling at Lawa South has consistently intercepted broad intervals of gold mineralization in all holes, including visible gold in LW002. Although initial assay results are generally lower grade, the abundant gold-bearing veins and structures suggest a substantial gold system capable of hosting high-grade zones within the expansive 40+ km2 exploration area. The Company plans comprehensive follow-up work including additional surficial exploration and an expanded drilling program targeting up to 5,000 m at Lawa in 2025. This systematic approach will help define the system's full potential while identifying the most prospective areas for higher-grade mineralization. Figure 7: Lawa Plan Map To view an enhanced version of this graphic, please visit: Figure 8: Visible Gold in LW002 at 158.0 m To view an enhanced version of this graphic, please visit: Maria Geralda (Emerging Target) Maria Geralda remains readily accessible despite current rainy conditions, with an initial ~1,500 m drill program now underway. Recent auger sampling has identified a 500 m by 400 m gold anomaly, where 54% of samples returned assays above 0.1 g/t Au (Figure 9). The area is favourably positioned along a major northwest-trending lineament identified through lidar and regional aeromagnetic data, situated at a critical geological boundary between intrusive rocks and mixed metavolcanic-metasedimentary formations. While no previous drilling was conducted at Maria Geralda, historical channel sampling yielded encouraging results, including 12.3 m of 4.52 g/t Au and 5.0 m of 2.98 g/t Au. These historical results, combined with the recent geochemical anomaly and favorable structural setting, support the decision to advance with systematic drilling to test the target's potential. Figure 9: Maria Geralda Plan Map To view an enhanced version of this graphic, please visit: Parbo (Emerging Target) Parbo is approximately 4 km east of Lower Antino and accessible by existing road infrastructure. The area hosts an expansive, 1,200 m x 700 m, historical gold-in-auger anomaly, where samples have returned grades up to 51.42 g/t Au (Figure 10). Founders plans to begin a surficial exploration program by mid-July that includes up to 1,500 m of trenching, expansion of the historical auger grid, and detailed geological mapping. Following evaluation of results from this surficial program, the Company is planning a preliminary drill program of up to 2,000 m in Q4 2025. Figure 10: Parbo Plan Map To view an enhanced version of this graphic, please visit: Table 1: Drill Hole Assay Results Hole ID From (m) To (m) Interval* (m) Au (g/t) Zone LA028 108.00 163.00 55.00 0.64 Lower Antino incl 110.00 131.00 21.00 1.00incl 110.00 117.00 7.00 2.32and 300.00 332.00 32.00 0.45LA027 315.00 317.00 2.00 3.15 Lower Antino LA026 154.00 206.00 52.00 0.19and 246.00 274.00 28.00 0.39and 266.00 274.00 8.00 0.91and 453.00 463.00 10.00 1.05LA025 0.00 241.00 241.00 0.27 Lower Antino incl 0.00 86.10 86.10 0.43incl 0.00 39.60 39.60 0.64LA024 0.00 15.60 15.60 0.18 Lower Antino and 72.00 122.00 50.00 1.02and 181.00 193.00 12.00 0.20LA023 103.00 108.00 5.00 0.19 Lower Antino and 119.00 122.00 3.00 0.32and 271.00 275.00 4.00 0.16LA022 0.00 23.10 23.10 0.13 Lower Antino and 32.10 41.10 9.00 0.26and 74.10 78.00 3.90 0.47LA021 0.00 9.60 9.60 0.30 Lower Antino and 169.00 180.00 11.00 0.33and 201.00 205.00 4.00 0.48and 313.00 317.00 4.00 0.35LA020 0.00 6.60 6.60 0.42 Lower Antino and 116.00 160.00 44.00 0.25and 226.00 229.00 3.00 0.72and 242.00 260.00 18.00 0.73and 283.00 293.00 10.00 0.29LA019 0.00 65.00 65.00 0.49 Lower Antino Incl. 44.10 65.00 20.90 1.11LA018 0.00 8.10 8.10 0.18 Lower Antino and 23.10 96.00 72.90 0.45incl 71.00 92.00 21.00 1.01LA017 50.10 73.00 22.90 0.47 Lower Antino and 152.00 190.00 38.00 0.39LA016 0.00 88.00 88.00 0.32 Lower Antino LA015 151.00 195.00 44.00 0.32 Lower Antino LA014 72.60 80.10 7.50 0.35 Lower Antino and 102.60 111.60 9.00 0.21and 228.00 248.00 20.00 0.37LA013 53.10 72.60 19.50 0.67 Lower Antino and 151.00 199.00 48.00 0.30LA012 17.10 65.10 48.00 0.35 Lower Antino and 91.00 104.00 13.00 0.22LA011 18.60 29.10 10.50 0.33 Lower Antino LA010 33.60 57.60 24.00 1.23 Lower Antino LA009 66.60 87.60 21.00 0.39 Lower Antino LA008 0.00 113.00 113.00 0.24 Lower Antino and 189.00 205.00 16.00 0.16LA007 6.60 17.10 10.50 0.39 Lower Antino and 86.00 126.00 40.00 0.22LA006 23.10 62.10 39.00 0.65 Lower Antino LA005 36.60 38.10 1.50 9.36 Lower Antino LA004 3.00 11.10 8.10 0.24 Lower Antino and 114.60 120.60 6.00 0.47DV008 336.00 365.00 29.00 0.94 Da Vinci DV007 270.00 275.00 5.00 3.11 Da Vinci and 292.00 317.00 25.00 1.11DV006 0.00 11.10 11.10 0.23 Da Vinci VG006 NSA Van Gogh VG005 NSA Van Gogh LW004 106.00 118.00 12.00 0.21 Lawa and 123.00 137.00 14.00 0.18 Lawa and 150.00 153.00 3.00 0.68LW003 0.00 9.60 9.60 0.23 Lawa and 39.60 68.00 28.40 0.20and 77.00 95.00 18.00 0.20and 122.00 141.00 19.00 0.28LW002 0.00 6.60 6.60 0.24 Lawa and 137.00 158.00 21.00 0.65incl 157.00 158.00 1.00 10.02LW001 NSA Lawa Intervals are down-hole depths. True widths of mineralization are estimated to be ~75% of the down-hole interval for all Lower Antino holes (LA) based on preliminary results and observations. Results from all zones outside of Upper Antino, Lower Antino and Buese have not seen sufficient drilling to provide estimated true widths. Table 2: Drill Hole Locations Hole ID Easting (m) Northing (m) Elevation (m) Azimuth (°) Dip (°) Depth (m) LA028 821615.7 401266.7 174.9 269.9 -50 377.0 LA027 821991.0 401516.0 130.9 289.9 -50.2 407.0 LA026 822359.0 401577.7 125.2 289.7 -50.1 515.0 LA025 822046.3 401729.2 161.7 269.9 -49.9 245.1 LA024 821931.5 401728.8 147.8 270.1 -50.1 317.0 LA023 820570.2 401473.3 134.7 90.0 -49.7 302.1 LA022 821114.5 401759.5 167.2 269.6 -49.9 257.0 LA021 821268.2 401732.5 118.4 280.2 -49.9 320.0 LA020 821121.1 401522.7 125.0 280.2 -49.8 305.0 LA019 821010.4 401503.0 125.7 279.9 -50.3 152.0 LA018 822098.2 401787.6 137.6 290.2 -49.7 392.0 LA017 821730.0 401811.1 124.3 299.9 -54.8 311.0 LA016 821657.5 401846.9 125.4 269.5 -50.2 251.1 LA015 821716.4 401746.2 132.0 270.0 -50.0 311.3 LA014 821583.9 400558.7 172.6 245.0 -45.0 305.0 LA013 821625.2 401464.0 157.4 270.3 -45.6 199.9 LA012 821609.2 401579.7 145.6 267.3 -45.1 200.1 LA011 821654.0 401790.0 140.7 268.5 -45.3 63.6 LA010 821616.3 401681.2 157.8 270.1 -44.5 92.1 LA009 821583.0 400559.6 172.5 240.8 -45.3 89.1 LA008 821993.4 401517.1 130.2 73.5 -45.2 217.9 LA007 821272.7 400783.7 155.8 245.0 -45.8 302.0 LA006 821036.7 401098.2 176.8 90.6 -45.8 192.4 LA005 820940.9 401095.1 176.8 89.4 -45.4 182.0 LA004 820825.2 401084.3 176.9 88.8 -45.0 150.6 DV008 824682.3 394593.0 153.5 210.0 -50.3 380.0 DV007 824784.7 394577.5 159.8 210.0 -50.0 437.0 DV006 824774.5 394258.8 181.6 30.0 -50.0 284.0 VG006 828056.5 396044.6 121.3 259.8 -60.2 251.0 VG005 828081.5 396008.5 133.5 259.5 -59.7 269.0 LW004 829893.4 396552.8 115.4 270.0 -50.1 494.0 LW003 829891.2 396551.1 115.4 239.9 -49.8 242.1 LW002 829892.7 396548.7 115.6 210.2 -50.0 233.0 LW001 828829.9 395642.4 131.1 270.1 -49.9 203.0 The coordinate reference system is WGS 84, UTM zone 21N (EPSG 32621) About Founders Metals Inc. Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025. 1 2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, Quality Assurance and Control Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project. Qualified Persons The technical content of this news release has been reviewed and approved by Michael Dufresne, an independent qualified person as defined by National Instrument 43-101. ON BEHALF OF THE BOARD OF DIRECTORS, Per: "Colin Padget" Colin PadgetPresident, Chief Executive Officer, and Director Contact Information Katie MacKenzie, Vice President, Corporate DevelopmentTel: 306 537 8903 | katiem@ Cautionary Statement Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect ", "is expected ", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. All material information on Founders Metals can be found at To view the source version of this press release, please visit Sign in to access your portfolio
The Market Online
18-06-2025
- Business
- The Market Online
Gold Report: Junior miners building conviction
Ten-bagger stock Founders Metals (TSXV:FDR) successfully increased its ownership in the 20,000-hectare Antino gold project in Suriname from 51 to 70 per cent. Click here for the full story. By the ounce At the time of writing on Tuesday, the price of gold was US$3,405 per ounce, down from US$3,368 in our June 11 report, according to data from The Globe and Mail, as the death count in the war escalating between Israel and Iran continues to rise and destabilize global markets. This week in gold The bullish environment for gold companies across the mining life-cycle is incentivizing investors to build positions in proven operations, with assets and leadership teams equipped to leverage rising prices into shareholder value. Pinnacle Silver and Gold (TSXV:PINN) is a name worth putting on your radar to put this thesis in play. Westhaven Gold (TSXV:WHN) will undertake a C$3.16 million financing, including expected participation from Earthlabs (TSXV:SPOT) and Eric Sprott, one of Canada's most storied mining investors. NexGold Mining (TSXV:NEXG) received Industrial Approval from the government of Nova Scotia for its Goldboro gold mine, which houses billions of dollars in resources and reserves. Top trending gold stocks Join the discussion: Find out what everybody's saying about the stocks in this week's gold report on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
13-06-2025
- Business
- The Market Online
Ten-bagger Founders Metals grows stake in flagship project
Ten-bagger Founders Metals (TSXV:FDR) successfully completed all requirements under stage 2 of its option on the 20,000-hectare Antino gold project in Suriname, increasing its stake from 51 to 70 per cent Antino has produced over 500,000 ounces of gold from surface and alluvial mining to date Founders Metals stock has added 113.73 per cent year-over-year, more than doubling gold's approximately 45 per cent effort, and remains up by more than 1,000 per cent since 2022 Ten-bagger Founders Metals (TSXV:FDR) successfully completed all requirements under stage 2 of its option on the 20,000-hectare Antino gold project in Suriname, increasing its stake from 51 to 70 per cent. According to Friday's news release, stage 2 saw Founders make cash payments of US$1.5 million, incur US$10 million in exploration expenses, issue 95,000 shares and produce a conceptual study similar to a preliminary economic assessment, all within two years of completing stage 1 of the agreement. Founders may now either enter a joint venture with Nana Resources, one of the optionors, or proceed to stage 3, which will increase the company's stake to 75 per cent in exchange for incurring another US$10 million in exploration expenses and completing a bankable feasibility study. The company's diligent exploration and development at Antino since optioning the project in 2022, including a steady stream of high-grade gold across numerous mineralized zones, has resulted in an over 1,000 per cent return to date, granting it ten-bagger status with ample room to run on the path to resource delineation. Founders is progressing through a fully funded 60,000-metre drilling program at Antino in 2025. Leadership insights 'We are thrilled to formally exercise our right to acquire 70 per cent of Antino, further strengthening our position as the project's majority owner,' Colin Padget, Founders Metals' president and chief executive officer, said in a statement. 'Completing stage 2 is a major de-risking milestone and reflects our confidence in Antino's exceptional potential. Additionally, we are excited to provide a detailed update in the coming days on all major exploration targets. We remain committed to maximizing shareholder value as we continue advancing the Antino gold project's world-class potential through our 60,000 metre 2025 drill program.' Founders Metals is a Canadian-based junior miner focused on its Antino gold project in Suriname, which has produced over 500,000 ounces of gold from surface and alluvial mining to date. Founders Metals stock (TSXV:FDR) opened with a loss of 1.36 per cent trading at C$4.36. The stock has added 113.73 per cent year-over-year, more than doubling gold's approximately 45 per cent effort. Join the discussion: Find out what everybody's saying about this ten-bagger junior gold stock on the Founders Metals Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
