Founders Metals Completes 36,000 Hectare Acquisition & Expands Upper Antino Gold Mineralization to 2.5 Kilometres
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On November 20, 2025, Founders Metals announced it has signed the definitive agreement to acquire 100% of a 36,000-hectare exploration concession located to the west of its Antino Gold Project in Suriname. The acquisition cost is US$5.0 million in cash, plus future contingent payments tied to the definition of a mineral resource and future production. This acquisition expands the company's total land package to 56,000 hectares.
Concurrently, the company released new drill results from the Upper Antino area, which have extended the known gold mineralization to a strike length of over 2,500 metres. Key intercepts include: - Hole FR173: 7.0 metres of 11.74 g/t Au - Hole FR157: 17.0 metres of 3.06 g/t Au - Hole FR172: 60.0 metres of 0.85 g/t Au
CEO Colin Padget framed these developments as part of a "transformational period," citing the recent C$50 million strategic investment from Gold Fields, the land package expansion, and the successful drill results.
The news is material and positive, representing a significant and successful execution of the company's stated strategy.
Following the game-changing C$50 million strategic investment from major producer Gold Fields, which closed on November 10, 2025, the market has been waiting to see how the capital would be deployed. This news provides a clear and immediate answer. The company has finalized the "transformational" land acquisition first announced via an LOI on October 31, 2025, using the proceeds as intended for "land consolidation." This move secures a district-scale land package, substantially increasing the project's long-term exploration potential.
The drill results are also strong and in line with previous high-grade intercepts at Upper Antino. The 7.0-metre interval of 11.74 g/t Au is particularly notable and reinforces the presence of high-grade structures within the broader mineralized system. Extending the strike length to 2.5 kilometres demonstrates continued, methodical success in expanding the footprint of the main deposit.
While the land acquisition and drill results are positive on their own, their primary importance lies in the context of the preceding news. They demonstrate that the partnership with Gold Fields is not just financial but is enabling an aggressive and effective growth strategy. The company is delivering on its promises, which should build significant investor confidence. This news confirms the positive momentum and significantly de-risks the execution aspect of the company's exploration plans.
Founders Metals Inc. is a Canadian-based gold exploration company. Its flagship asset is the Antino Gold Project, located in the highly prospective Guiana Shield in southeastern Suriname. The company is in the process of earning up to a 75% interest in the project (currently at 70%). Following the recent acquisition, the project comprises a 56,000-hectare (560 km²) land package with a history of significant artisanal gold production (estimated over 500,000 ounces). Founders is conducting an aggressive, fully-funded exploration program to delineate a large, high-grade gold system.