Founders Metals Closes $50,000,000 Strategic Investment by Gold Fields

On November 10, 2025, Founders Metals announced the closing of the previously announced C$50 million strategic investment by Gold Fields Netherlands Services B.V., a subsidiary of senior gold producer Gold Fields.

Founders issued 12,048,193 common shares at a price of C$4.15 per share. The proceeds will be used for land consolidation and regional exploration activities at the Antino Gold Project, as well as for working capital and general corporate purposes.

With the closing, the Investor Rights Agreement with Gold Fields is now effective. This agreement grants Gold Fields rights including, but not limited to, participation in future financings to maintain its ownership percentage, representation on a technical committee, the right to nominate one director to Founders' board if its ownership exceeds 12.5%, and the right to second technical staff to the project.

This news is the formal conclusion of the game-changing strategic investment announced on November 3, 2025. While the market reacted to the initial announcement, the closing is a material positive event as it removes any uncertainty and officially injects C$50 million into the company's treasury.

Founders Metals is a Canadian mineral exploration company focused on advancing its flagship Antino Gold Project in southeastern Suriname. The project, located in the highly prospective Guiana Shield, covers a 20,000-hectare land package (with an LOI to expand to 56,000 hectares) and has a history of significant artisanal gold production. The company is in the midst of an aggressive, fully-funded 60,000-metre drill program that has successfully expanded multiple known gold zones and yielded several new high-grade discoveries across the large property. Founders has earned a 70% interest in the project with an option to increase its stake to 75%.