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 excavated at surface. The company will complete 45,000 metres this year & 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 – 15%

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?

11 October 2024 – B2Gold Invests C$12.1 Million in Founders Metals

10 October 2024 – Founders Metals Announces C$15 Million Bought Deal Financing & LOI with Strategic Investor

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 in 3 months, 6 months, 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.

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.