Founders Metals Closes $50,000,000 Strategic Investment by Gold Fields
Founders Metals Closes $50,000,000 Strategic
Investment by Gold Fields
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) -
Founders Metals Inc.
(TSXV:
FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") is pleased to announce that it has
closed its strategic investment with Gold Fields Netherlands Services B.V., an affiliate of Gold Fields
Limited (JSE: GFI) (NYSE: GFI) ("Gold Fields") as previously announced on
November 3, 2025
, through
the issuance of 12,048,193 common shares of the Company (the "Common Shares") at a price of $4.15
per Common Share for aggregate proceeds of $50,000,000. Gold Fields now controls 10.55% of the
issued and outstanding Common Shares.
Proceeds from the strategic 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 ("Antino"). National Bank Capital Markets acted as financial advisor.
All Common Shares issued are subject to a four-month and one day statutory hold period in accordance
with applicable Canadian securities legislation. The financing remains subject to final approval from the
TSX Venture Exchange ("
TSXV
").
Early Warning Report
This press release is being issued in part pursuant to National Instrument 62-103 - T
he Early Warning
System and Related Take-Over Bid and Insider Reporting Issues
. Gold Fields, with offices located at
Schipholweg 103, Third Floor, Units D7-D10, 2316 XC Leiden, The Netherlands, today announced that it
will file an early warning report in connection with the closing of the financing. Gold Fields's decision to
acquire the common shares was made in the context of its overall investment purposes. Gold Fields will
continue to monitor the business, prospects, financial condition and potential capital requirements of
Founders. Depending on its evaluation of these and other factors, Gold Fields may from time to time in
the future increase or decrease its equity ownership in Founders through market transactions, private
agreements, subscriptions from treasury or otherwise, or may develop other plans or intentions in the
future. Prior to the financing, Gold Fields did not hold any securities of Founders.
A copy of the early warning report will be made available under the Company's SEDAR+ profile on
www.sedarplus.ca
or by contacting the following persons:
Jongisa Magagula
Tel: +27 11 562 9775 |
Thomas Mengel
Tel: +27 11 562 9849 |
Investor Rights Agreement
In connection with the strategic investment, Founders and Gold Fields have entered into an investor
rights agreement dated November 10, 2025, whereby, subject to conditions, including ownership
thresholds, the Company has granted to Gold Fields top-up and financing participation rights, technical
committee representation rights, and the right to appoint one nominee to the Company's board of
directors if Gold Fields' ownership reaches or exceeds 12.5%.
In support of technical collaboration between Founders and Gold Fields, Gold Fields has been granted
the right to second technical staff into Lawa Gold N.V., the project company, subject to acceptance by
the Company and in compliance with applicable Surinamese laws and regulations.
About Gold Fields Limited
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. The Company has a total attributable annual gold-
equivalent production of 2.1 Moz, proved and probable Gold Mineral Reserves of 44.3 Moz, measured
and indicated Gold Mineral Resources of 30.4 Moz (excluding Mineral Reserves) and inferred Gold
Mineral Resources of 11.6 Moz (excluding Mineral Reserves). Gold Fields' shares are listed on the JSE
and American depositary shares trade on the New York Stock Exchange.
About Founders Metals Inc.
Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold
Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 56,000 hectares
and has produced over 500,000 ounces of gold from historical surface and alluvial mining to date
1
. The
Company is systematically advancing one of Suriname's most promising gold exploration and
development opportunities with drill-confirmed, district-scale potential. Founders is committed to
responsible exploration, community engagement, and delivering long-term value to shareholders through
technical excellence and strategic growth in the Guiana Shield.
1
2022 Technical Report - Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "Colin Padget"
Colin Padget
President, Chief Executive Officer, and Director
Contact Information
Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 |
Harp Gosal, Director, Investor Relations
Tel: 236 301 4211 |
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation, including statements regarding the use of proceeds from the Company's recently
completed financings and the Company's prospects. Forward-looking information can generally be
identified by words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", "believes", or variations indicating that certain actions, events or
results "may", "could", "would", "might" or "will" occur or be achieved.
Forward-looking statements are based on management's current expectations and reasonable
assumptions but are subject to business, market, and economic risks, uncertainties, and contingencies
that may cause actual results to differ materially from those expressed or implied, including: general
business and economic uncertainties; exploration results; mining industry risks; and other factors
described in the Company's most recent annual management discussion and analysis. Although the
Company has attempted to identify important factors that could cause actual results to differ materially,
other factors may cause results not to be as anticipated. There can be no assurance that forward-looking
information will prove accurate, as actual results and future events could differ materially from those
anticipated. Accordingly, readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information except in accordance with
applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All material information on Founders Metals can be found at
www.sedarplus.ca
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/273812