Founders Metals at precious metals conference: drilling fuels growth case
Founders Metals Incorporated presented a growth story at the Precious Metals & Critical Minerals Virtual Investor Conference, highlighting recent gold discoveries and a larger land position at the Antino Gold Project in southeastern Suriname. The company reported 11 discoveries across its 100,000-hectare property, with only 2% of the land drill-tested so far.
Gold Fields Limited invested $100 million for a 19.9% stake, providing capital and technical support while maintaining Founders' control. The Antino Gold Project is still in the exploration phase, with a fully funded $200-per-meter drill program and four rigs active. Management emphasized the company's scale, continuity, and flexibility, noting that the property remains the largest continuous land package in the Guiana Shield, covering about 102,000 hectares.
Founders Metals reported CAD 80 million in cash and a market capitalization of about CAD 1 billion, with shares trading near CAD 8.
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