Founders Metals
Primary ticker: TSXV:FDR
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Antino Gold Project
Project location: Suriname
Website: www.fdrmetals.com
Founders Metals (TSX.V – FDR) 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. The Antino Gold project is 20,000 hectares and historically has produced over 500,000 ounces of gold at surface. The company will complete 45,000 metres in 2024 & is fully funded for 60,000 metres in 2025.
Cash: CAD 35M
Debt: NIL
Major shareholders:
Dynamic Funds – 16%
BlackRock – 10%
B2Gold – 5%
Management ownership – 11%
Financials
Management Profile
Colin Padget – President, CEO & DIrector
Colin has over 10 years of experience working on and managing exploration and mining projects across several North and South American jurisdictions. He holds a Bachelor’s degree in Business Administration along side a first-class Bachelors and a Masters degrees in Geology. Prior to joining Founders as CEO, he was a Senior Geologist at Benchmark Metals (TSXV:BNCH) and Thesis Gold (TSXV:TAU).
Katie MacKenzie – VP, Corporate Development
Katie is experienced in investor relations & capital markets, with a background of advancing gold assets through exploration and development. She holds a BSc in Geology from the University of Regina.
What is your rationale for taking part in 121 Mining Investment?
Investor education and awareness for continued market support.
What recent news would you like to highlight to investors attending?
21 November 2024 – Founders Metals Announces Positive Metallurgical Work with 95% Average Recoveries
7 November 2024 – Founders Metals Hits New Discovery in Third Lower Antino Drill Hole
5 November 2024 – Founders Metals Closes C$20M Bought Deal & C$12.1M Financing with B2 Gold
1 October 2024 – Chris Taylor Joins Founders Metals as New Director
24 September 2024 – Founders Metals Hits at Buese; 20 metres of 7.65 g/t Gold
11 September 2024 – Froyo Eats Cupcake; Founders Metals Extends Froyo Gold Zone by 500 metres
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Continue drilling high priority targets at Upper Antino, Buese, and Lower Antino
6 Months:
Complete field program to help prioritize regional exploration targets. Start drilling at the Lawa prospect.
Grow land package with acquisition of additional ground
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Sentiment towards the junior gold exploration market
What do you think makes your company such a compelling investment?
High-grade drill results with significant scale potential in an emerging jurisdiction. Historically produced 500,000 ounces of gold at surface.
What are the top 3 key investor takeaways?
Founders continues to grow the footprint of gold mineralization at Antino, with recent results from Buese of 7.65 g/t Au over 20.0 metres and 1.01 g/t Au over 81.9 at Lower Antino.
The Guiana Shield, in particular Suriname, is an emerging jurisdiction with increasing interest from investors and corporates. B2Gold recently invested C$12.1M in Founders for a 5% equity position.
Founders is fully funded, with 60,000 metres planned for 2025.