Founders Metals

About

Founders Metals is a mining company focused on gold exploration and development across North and South America. The company is led by a team of experienced professionals with a strong background in geology, finance, and corporate governance. Founders Metals aims to create value through strategic exploration and project advancement, leveraging its technical expertise and market knowledge to identify and develop high-potential mineral resources.

Verified company data

Cash position

$79.2 Million

Shares outstanding

143.9 Million

Fully diluted shares

150.2 Million

Mineral resource

Founders Metals owns 100% of the Antino Gold District, a royalty-free, 102,360-hectare contiguous land package in southeastern Suriname, South America. It is the largest uninterrupted package of highly prospective greenstone belt geology held by an exploration company in the Guiana Shield, a region that hosts multiple multi-million-ounce gold deposits. The Antino district has a long history of artisanal and small-scale gold production, with historical surface and alluvial mining having produced in excess of 500,000 ounces of gold¹, highlighting the presence of a robust mineralized system. Multiple high-grade shear zone and intrusion-hosted orogenic gold systems have been identified to date, and preliminary metallurgical testing indicates recoveries of 91% to 96%. The district benefits from excellent on-site infrastructure, including a camp serviced by regular flights via an on-site 1.4 km airstrip, barge access for the transport of heavy equipment, and an extensive road network enabling access to all targets on the property.

Projects

["Antino Gold District: Founders Metals owns 100% of the Antino Gold District, a royalty-free, 102,360-hectare contiguous land package in southeastern Suriname, South America. It is the largest uninterrupted package of highly prospective greenstone belt geology held by an exploration company in the Guiana Shield, a region that hosts multiple multi-million-ounce gold deposits. The Antino district has a long history of artisanal and small-scale gold production, with historical surface and alluvial mining having produced in excess of 500,000 ounces of gold¹, highlighting the presence of a robust mineralized system. Multiple high-grade shear zone and intrusion-hosted orogenic gold systems have been identified to date, and preliminary metallurgical testing indicates recoveries of 91% to 96%. The district benefits from excellent on-site infrastructure, including a camp serviced by regular flights via an on-site 1.4 km airstrip, barge access for the transport of heavy equipment, and an extensive road network enabling access to all targets on the property.","Upper Antino: Upper Antino represents the most advanced and intensively drilled target within the Antino Gold District and continues to serve as a key anchor for Founders Metals’ exploration efforts. The prospect has demonstrated consistent growth through step-out drilling to the east and along strike with a current mineralized footprint spanning ~2,600 m along strike, ~750 m wide, and ~600 m vertical depth. Key drilling intercepts include: 15.5 m of 30.72 g/t Au, 46.0 m of 5.31 g/t Au, 19.0 m of 14.23 g/t Au. Founders has identified 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.","Lower Antino: Lower Antino continues to demonstrate scale and consistent grade, reinforcing its emergence as a significant gold target and potential companion to Upper Antino's shear-hosted vein mineralization. Gold mineralization occurs over multiple 15-90+ metre wide, sub-parallel gold zones along the 1,900 m strike with opportunity to grow. Recent drilling has intersected high-grade with up to 28.44 g/t Au in a single drill intercept. Drilling highlights to date at Lower Antino include: 90.0 m of 1.02 g/t Au, 81.9 m of 1.00 g/t Au, 50.0 m of 1.02 g/t Au. Lower Antino remains a high-priority target for continued investment and advancement.","Buese: Buese represents a high-priority, bulk-tonnage exploration target situated approximately 6 km southeast of Upper Antino. Gold mineralization occurs over broad intervals of moderate grade within and on the margins of intrusion hosted orogenic gold mineralization. Drilling highlights at Buese to date include: 78.0 m of 2.35 g/t Au, including 20.0 m of 7.65 g/t Au, 21.6 m of 2.38 a/t Au, 112.0 m of 0.55 g/t Au. The Company’s current drilling plans at Buese is to better delineate high-grade zones and expand potential footprint.","Da Vinci: Da Vinci was discovered by Founders in December 2024 and is 10 km from Upper Antino along the same shear structure with seven of the first eight holes all having wide intersections of gold mineralization. Da Vinci occurs in mixed sequence of metasedimentary rocks with growing scale. Drilling has confirmed from surface gold mineralization over 150 m of strike and ~250 m true depth. Drilling highlights to date at Da Vinci include: 36.0 m of 2.21g/t Au, 67.0 m of 1.26 g/t Au, 28.5 m of 1.30 g/t Au, 25.0 m of 1.01 g/t Au. Follow-up drilling will further test mineralization along-strike and to the NE and SW for additional repeating structures and gold zones.","Maria Geralda: Maria Geralda was discovered in June 2025 and is an emerging, drill-confirmed gold target situated approximately ~8 km southeast of Upper Antino. The drilling follows up on a systematic surface exploration program, including prospecting, mapping and augering programs that identified a 500 m by 400 m gold anomaly at surface where 54% of samples returned assays above 0.1 g/t Au. The third drill hole at Maria Geralda intersected 22.5 m of 11.88 g/t Au, the highest-grade interval outside of Upper Antino to date! Founders plans to follow-up on the initial drill program in 2025 and believe there is significant expansion potential along strike and to depth.","Van Gogh: Van Gogh is located ~12 km southeast of Upper Antino and was initially discovered in January 2025 with a high-grade channel sample intersecting 17.8 m of 5.68 g/t Au. Follow-up drilling confirmed the high-grade gold mineralization with 28.5 m of 7.12 g/t Au and 72.0 m of 2.29 g/t Au within the first six drill holes on the property. Gold mineralization at Van Gogh occurs within a ~30 m wide mylonite zone with up to 5 m intervals of strongly silicified country rock and quartz. The gold-rich intervals locally contain up to 15% sulphide (pyrite) and the highest-grade intervals are often associated with brecciation. Founders intends to complete additional surface work first before continuing to drill. 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 in 2025.","Parbo: Parbo is ~8 km east of Upper Antino and hosts an expansive 1,200 m x 700 m historical auger anomaly, where samples have returned grades up to 51.42 g/t Au. 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 2025.","Lawa: Lawa is ~ 14 km southeast of Upper Antino target represents a major structural corridor with significant discovery potential, comprising over 8,000 m 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. Recent exploration has yielded promising results, including channel sampling at Lawa North returning 27.0 m of 1.99 g/t Au. Initial drilling at Lawa South has consistently intercepted broad intervals of gold mineralization in all holes, including visible gold. The Company plans comprehensive follow-up work including additional surficial exploration and an expanded drilling program. This systematic approach will help define the system's full potential while identifying the most prospective areas for higher-grade mineralization."]

Leadership

Colin Padget (President, Chief Executive Officer & Director, A seasoned mining executive and geologist with over a decade of experience leading exploration programs and advancing gold projects across North and South America. Holds a Bachelor of Business Administration and degrees in Geology.), Vijay Kirpalani (Director, Over two decades of finance, advisory, and corporate governance experience in the mining sector, with a distinguished record of leadership and value creation.), Barry MacDonald (Director, A Fellow of the Chartered Professional Accountants of British Columbia with over 40 years of experience in international tax, mergers and acquisitions, and corporate finance.), Nick Stajduhar (Director, An accomplished financial industry professional with more than 15 years of experience in sales and operations.), Chris Taylor (Director, A decorated geologist and entrepreneur with over 20 years of experience in mineral exploration and public company leadership, known for leading the discovery of the Dixie Gold Project.), Felicia de la Paz (Chief Financial Officer & Corporate Secretary, A senior financial executive with over 15 years of experience in the natural resources sector, focused on financial strategy and public company reporting.), Katie MacKenzie (Vice President, Corporate Development, A corporate development and capital markets professional with a strong technical foundation in geology.), Pascal Voegeli (Vice President, Exploration, A geoscientist with extensive field and technical experience across gold systems in North and South America.), Vincent Combes (Chief Geologist, An exploration geologist with over 12 years of experience focused on Rhyacian orogenic gold systems.), Carlos Bertoni (Technical Advisor, A professional geoscientist with over 40 years of experience in mineral exploration and development across Canada, South America, and Africa.)

Verified data last updated: 2026-11-10

Investor FAQ

• Latest News→
• Latest Drill Results→