Business
Founders Metals Provides Corporate Update on the Antino Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Founders Metals Inc. (TSXV: FDR)...
About this update from Founders Metals, Inc.
[{"type":"text","content":"Founders Metals Provides Corporate Update on the Antino Gold ProjectVancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (\"Founders\" or the \"Company\") announces that, pursuant to the amended and restated option agreement dated August 27, 2024 (the \"Option Agreement\") among the Company, Nana Resources N.V. (\"Nana\") and Lawa Gold N.V. (\"Lawa\"), the earn-in period under the Option Agreement has ended and the joint venture phase has commenced. The Company holds a 70% interest in the Antino Gold Project through its equity interest in Lawa and will continue as operator.The Company formally notified Nana on May 18, 2026, that it will not exercise its option to acquire an additional 5% equity interest in Lawa (the \"Third Option\"). Founders previously exercised its second option and acquired an additional 19% ownership interest in the Antino Gold Project on June 12, 2025. The joint venture is governed by the terms of the shareholders' agreement contained in Schedule 2 of the Option Agreement available on www.sedarplus.ca.About Founders Metals Inc.Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield – the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is executing one of the most active exploration programs in the global junior gold sector and is backed by a strategic partnership with Gold Fields Limited. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.ON BEHALF OF THE BOARD OF DIRECTORS,Per: \"Colin Padget\"Colin PadgetPresident, Chief Executive Officer, and DirectorContact InformationKatie MacKenzie, Vice President, Corporate DevelopmentTel: +1 306 537 8903 | [email protected] Statement Regarding Forward-Looking InformationThis press release contains \"forward-looking information\" within the meaning of applicable Canadian securities legislation, including statements regarding advancement of exploration programs on the Antino Gold Project. Forward-looking information can generally be identified by words such as \"plans\"...