Founders Metals Inc. Closes $50 Million Strategic Investment
Counsels to Founders Metals Inc. with respect to its closing of their strategic investment with Gold Fields Netherllands Services B.V for aggregate gross proceeds of $50,000,000
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On November 10, 2025, Founders Metals Inc. (the “Company”) closed its strategic investment with Gold Fields Netherlands Services B.V., an affiliate of Gold Fields Limited (“Gold Fields”), for aggregate gross proceeds of $50,000,000. The Company issued 12,048,193 common shares at a price of $4.15 per common share. In connection with Gold Fields’ investment, the Company and Gold Fields entered into an investor rights agreement to govern their relationship.
Proceeds from the investment will be used for land consolidation, regional exploration activities, working capital, and general corporate purposes at the Company’s Antino Gold Project in southeastern Suriname. National Bank Capital Markets acted as financial advisor.
The Company is a Canadian-based exploration company focused on the development of its Antino Gold Project, a 56,000-hectare property located in Suriname’s Guiana Shield in South America. Antino has produced over 500,000 ounces of gold from historical surface and alluvial mining. The Company continues to advance its efforts in responsible exploration and community engagement as part of its strategic growth in the Guiana Shield.Gold Fields is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana, Chile and Peru and one project in Canada.
Miller Thomson advised the Company with a team comprised of Andrew Powers, Alex Bruvels, Connor Broude and Wendy Wang (Capital Markets/Securities).