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Founders Metals Acquires Royalty-Free Interest in Antino Gold Project in Suriname

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Founders Metals (FDR.V) said Thursday that it now holds a 100%, royalty-free interest in the Antino Gold Project in Suriname after acquiring the remaining 30% of Lawa Gold from Nana Resources for $17 million cash and 13.6 million shares.

Nana may also receive up to $21 million cash in contingent milestone payments, subject to certain conditions being met, a statement said.

The company also closed a CA$77 million strategic investment by Gold Fields, which increased its equity stake in Founders to 19.9%.

"Gold Fields' decision to increase its position to 19.9% is a strong endorsement of Antino's potential and leaves Founders well funded to advance both our known targets and greenfields exploration across the district," said Founders Chief Executive Officer Colin Padget.

Founders Metals shares were last seen up CA$0.19 at CA$5.84 on the TSX Venture Exchange.

Price: $5.85, Change: $+0.20, Percent Change: +3.54%

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Mining & Metals

ATEX Resources Reports Key Findings From Valeriano Drill Program in Chile

ATEX Resources (ATX.TO) after trade Wednesday announced key findings from its Phase VI drill program at the Valeriano Copper-Gold Project in Chile's Atacama Region.The company said Phase VI was its largest drilling campaign at Valeriano, with about 28,400 meters of drilling completed. This exceeded the original 25,000-meter target and was more than 70% higher than Phase V.Highlights included 40 meters grading 4.83% copper equivalent (CuEq) within an 86-meter interval grading 3.84% CuEq in hole ATXD25C. Additionally 78 meters grading 3.03% CuEq in ATXD23C, 186 meters grading 2.15% CuEq in ATXD26B, and 56 meters grading 2.36% CuEq in ATXD32, the company said."Following record snowfall in the Atacama region, Phase VII drilling is expected to commence in early October targeting a growing pipeline of B2B and high-grade porphyry targets, as well as broader system opportunities ahead of an updated Mineral Resource Estimate in 2H 2027," the company added.

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West Fraser Announces Term Loan Refinancing and Declares Dividend

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Mining & Metals

Precision Drilling Renews Share Buyback Program

Precision Drilling (PD.TO) said Wednesday after trade it received Toronto Stock Exchange approval to renew its normal course issuer bid.The company can buy back and cancel up to 1.23 million shares in the 12 months beginning on Sept.21.Under its previous NCIB, which terminates on Sept. 18, Precision bought back 668,674 shares from the approved 1.25 million shares at a weighted average price of CA$102.54.Precision Drilling shares closed down CA$3.94, to CA$120.45, on the Toronto Stock Exchange.

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