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Founders Metals ( (TSE:FDR) ) just unveiled an announcement.
Founders Metals Inc. has announced a C$30 million bought deal financing agreement with a syndicate of underwriters led by BMO Capital Markets. The funds will be used to accelerate exploration activities on the Antino Gold Project, with the offering expected to close by February 20, 2025, pending regulatory approvals. This strategic move is likely to enhance the company’s exploration capabilities and potentially strengthen its position in the precious metals industry.
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. The Antino Project spans 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining. The company is fully financed for extensive drilling in 2025.
YTD Price Performance: 7.50%
Average Trading Volume: 152,220
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$482.5M
See more insights into FDR stock on TipRanks’ Stock Analysis page.