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Founders Metals ( (TSE:FDR) ) has shared an update.
Founders Metals has announced an increased investment from B2Gold Corp., which has subscribed for additional shares worth approximately C$2.57 million. This investment, along with an earlier announced C$30 million brokered offering, positions Founders to raise up to C$37 million. B2Gold’s involvement, now owning 5% of Founders, is seen as a strong endorsement of Founders’ progress and the potential of the Antino Gold Project. The investment is expected to close soon, subject to standard closing conditions.
More about Founders Metals
Founders Metals Inc. is a Canadian-based exploration company focused on advancing the Antino Gold Project in Suriname, South America. The project spans 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date. The company is well-financed for extensive drilling in 2025.
YTD Price Performance: 4.54%
Average Trading Volume: 134,194
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$469.2M
For a thorough assessment of FDR stock, go to TipRanks’ Stock Analysis page.