Founders Metals ( (TSE:FDR) ) just unveiled an announcement.
Founders Metals Inc. has successfully closed a C$2.6 million financing deal with B2Gold Corp., involving the issuance of 484,239 common shares. This investment, along with recent financing, positions Founders to continue its exploration and drilling plans at the Antino Gold Project in 2025, aiming for further discoveries and expansion. The company plans to use the proceeds for ongoing exploration and development at Antino, with B2Gold committed to purchasing additional shares in the open market over the next year.
More about Founders Metals
Founders Metals Inc. is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, within the Guiana Shield. The Antino project spans 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date.
YTD Price Performance: 16.37%
Average Trading Volume: 146,396
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$522.3M
Learn more about FDR stock on TipRanks’ Stock Analysis page.
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