Founders Metals has made significant strides in 2025 after notable gold discoveries at its Antino project in Suriname. The company announced a $30 million financing to support exploration efforts, which has led to a doubling of its share price. Strong industry backing and favorable analyst coverage further solidify its promising outlook for continued growth.
Founders Metals (TSXV: FDR; US-OTC: FDMIF) has had a robust start in 2025, building on successful high-grade gold discoveries at its Antino project in Suriname. In February, the Vancouver-based explorer announced a $30 million bought deal financing, with lead underwriter BMO Capital Markets involved, aimed at advancing exploration efforts at the project.
B2Gold (TSX: BTO) demonstrated confidence in Founders by investing $2.57 million to uphold its 5% shareholding following the bought deal. Founders’ shares have significantly increased, doubling from mid-August to approximately $5.25, resulting in a market capitalization of $465 million.
The Antino project, located 275 km from Paramaribo and adjacent to French Guiana, boasts historical production of 500,000 oz. of artisanal gold. The property lies on the Guiana Shield, which hosts several gold mines, including Newmont’s Merian and Zijin Mining’s Rosebel.
BMO initiated coverage of Founders shortly before the financing news, assigning a target price of $7.50 with an outperform rating, based on estimated valuations for an open pit at Antino. BMO analyst Andrew Mikitchook commented on the high-margin gold discovery at Antino’s Froyo zone, citing impressive drill results, including 38 metres at 10.9 grams gold per tonne.
Recent sampling results from the Antino project have revealed further gold discoveries, including channel sampling that returned 17.8 metres grading 5.68 grams gold in the Van Gogh shear zone. Founders’ ongoing exploration has identified a new gold trend several kilometers long, separate from the main structure, reinforcing its growth potential.
Concluding 2024 with substantial industry support, Founders secured investments, including B2Gold’s $12.1 million commitment. The board has also welcomed Chris Taylor, founder and CEO of Great Bear Resources, which was sold to Kinross Gold for $1.8 billion, adding further industry credibility to Founders.
In summary, Founders Metals has demonstrated strong momentum in 2025, driven by significant gold discoveries at the Antino project. With robust backing from major investors and optimistic analyst evaluations, the future appears promising for the company’s exploration initiatives. The introduction of experienced industry leaders to its board further enhances its growth potential in the competitive gold mining sector.
Original Source: northernminer.com
