Founders Metals (FDR) Mining Forum Americas 2026 summary

Project expansion and investment

• Land package expanded from 200 sq km to 1,000 sq km, now the largest contiguous exploration area in the Guiana Shield.

• Secured a CAD 50 million investment from Gold Fields, with total investment now around $100 million and ownership at 99%.

• Achieved full ownership of the Antino project by consolidating a previous 70/30 joint venture, eliminating royalties.

• Institutional investor base and analyst coverage have grown, with National Bank initiating recent coverage.

• Working capital of CAD 80 million supports an expanded drilling program, targeting over 80,000 m this year.

Exploration strategy and discoveries

• Two-pronged exploration: half resources on advanced targets (Upper/Lower Antino), half on grassroots exploration.

• Systematic surface exploration includes LiDAR, auger sampling (targeting 30,000+ samples), and geophysics.

• Multiple new anomalies and discoveries, including Antino North, Antino Northeast, and high-grade intercepts at Upper Antino.

• Upper Antino now has 2.5 km strike length, with mineralization open at depth and along strike.

• Lower Antino demonstrates bulk tonnage potential with wide, continuous mineralized zones.

Drilling results and resource potential

• High-grade drill results include 15.5 m of 30 g/t, 28 m of 14 g/t, and 27 m of 20 g/t at Upper Antino.

• Lower Antino shows up to 240 m of 0.3 g/t and multiple zones 15–90 m wide at around 1 g/t.

• New targets like Van Gogh and Da Vinci yielded 28 m of 7 g/t and 72 m of 2.5 g/t, with further drilling planned.

• Antino ranks four of the top ten drill holes in the Guiana Shield for 2026, including the two best intercepts.

• Ongoing drilling aims to test deeper extensions and expand resource estimates, with frequent updates expected.