Founders Metals - Antino Gold Project, Suriname, One Of The Best Performing Exploration Stocks Since 2023
Colin Padget, President and CEO of Founders Metals (TSX.V:FDR - OTC: FDMIF - FRA:9DL0) joins me to provide an overview of the Company and the Antion Gold Project, in Suriname.
We discuss the Company's acquisition of the Antino Gold Project in Suriname in 2023, highlighting its significant stock growth on the back of positive drilling results. With a 45,000 meter drilling program in 2024, Founders Metals aims to advance a number of targets while earning into a 75% interest in the Project through a three-stage process, currently holding 51% of the project.
The conversation delves into historical work on the Project, key current drilling targets, and the strategic advantage of owning their diamond drill rigs which reduce operational costs. Additionally, Colin shares insights about the team's expertise, particularly praising new board member Chris Taylor from Great Bear Resources. Financially, the Company boasts a robust $37 million in cash and a tightly controlled share structure, with significant institutional investments from Dynamic Funds and BlackRock. As they prepare for 2025, the discussion concludes with expectations for continuous news flow and further advancements in their exploration efforts.
If you have any follow up questions or topic you would like Colin to address please email me at Fleck@kereport.com.
