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
Corporate Presentation: Click here
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 is fully funded for a 45,000 metre drill program in 2024.
Cash: CAD$$8M
Debt: NIL
Major shareholders:
1832 – 13%
BlackRock – 10%
NinePoint -1%
Management Ownership – 17%
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 began her career as a geologist working for both junior and major mining companies. Most recently, she held the position of Director of Investor Relations at Skeena Resources. She holds a Bachelor of Science in Geology from the University of Regina.
What is your rationale for taking part in 121 Mining Investment?
Looking for new investors for continued market support
What recent news would you like to highlight to investors attending?
8 August – Froyo Continues to Grow; Founders Metals Hits 44.0 m of 2.05 g/t Au in 65 m Step-Out
22 July – Founders Metals Expands Froyo by 150 m with 46.0 m of 5.31 g/t Au
27 June – Founders Metals Extends Froyo Zone with 24.0 Metres of 5.06 g/t Au
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue drilling high priority targets at Upper Antino and Buese
6 Months:
Analyze results & structure future programs accordingly
Complete field program to help prioritize regional exploration targets
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?
Low market cap, high potential & extremely capable geological team