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Founders Metals
(FDR)
Founders Metals (FDR) vs. S&P 500 (SPY)
Founders Metals Business Overview & Revenue Model
Founders Metals Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
| -7.81M | -1.90M | -687.48K | -990.24K | -82.77K | EBITDA |
| 0.00 | -1.86M | -687.48K | -990.24K | -82.77K | Net Income Common Stockholders |
| -7.74M | -1.86M | -485.77K | -901.26K | -83.05K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.80M | 2.03M | 969.59K | 3.29M | 247.00 | Total Assets |
| 35.13M | 14.98M | 9.89M | 10.70M | 247.00 | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -4.80M | -2.03M | -969.59K | -3.29M | -247.00 | Total Liabilities |
| 3.04M | 889.77K | 17.30K | 367.18K | 232.85K | Stockholders Equity |
| 32.09M | 14.09M | 9.88M | 10.33M | -232.61K |
| Cash Flow | Free Cash Flow | |||
| -3.99M | -1.38M | -2.32M | -1.39M | -35.38K | Operating Cash Flow |
| -3.17M | -781.47K | -952.85K | -681.44K | -35.38K | Investing Cash Flow |
| -13.88M | -3.07M | -1.37M | -704.09K | 0.00 | Financing Cash Flow |
| 19.82M | 4.91M | -4.43K | 4.68M | 0.00 |
Founders Metals Technical Analysis
Founders Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$2.95B | 19.06 | 26.82% | ― | 77.93% | 236.93% | |
78 Outperform | $77.61B | 23.31 | 11.45% | 1.44% | 32.68% | 419.46% | |
74 Outperform | $4.19B | 22.95 | 14.62% | ― | 23.61% | ― | |
66 Neutral | $5.38B | ― | -18.54% | 4.78% | -0.18% | -2195.85% | |
49 Neutral | $1.95B | -1.32 | -21.23% | 3.72% | 0.87% | -29.37% | |
46 Neutral | C$411.76M | ― | -14.97% | ― | ― | -83.38% | |
27 Underperform | $203.87M | ― | -22.20% | ― | ― | 0.84% |
Founders Metals Corporate Events
Founders Metals Inc. has announced significant assay results from its Buese Prospect at the Antino Gold Project in Suriname, highlighting the extension of gold mineralization over 1,000 meters. The results, including a notable 21.6 meters of 2.38 g/t gold, suggest substantial growth potential and reinforce the project’s bulk tonnage prospects. The discovery of a parallel zone of mineralization and consistent gold grades in tailings further underscore the economic potential of the site. Despite some delays in assay turnaround due to increased exploration activity in Suriname, the company remains on track to achieve its 60,000-meter drilling target for 2025.
Spark’s Take on TSE:FDR Stock
According to Spark, TipRanks’ AI Analyst, TSE:FDR is a Neutral.
Founders Metals has a challenging financial position with no revenues and negative cash flow, which significantly impacts its stock score. However, a strong balance sheet and positive corporate events, such as major financing and promising exploration results, provide some optimism. Technical analysis shows mixed signals, and the lack of profitability raises valuation concerns.
To see Spark’s full report on TSE:FDR stock, click here.
Founders Metals Inc. has announced the publication of a peer-reviewed scientific journal article that provides new insights into the structural controls on gold mineralization at the Antino Gold Project in southeastern Suriname. This research highlights the significance of geological data integration in refining exploration strategies, with a focus on expanding advanced targets and testing new areas. The findings confirm the importance of shear zones and deformation events in gold concentration, potentially enhancing the company’s exploration efforts and industry positioning.
Spark’s Take on TSE:FDR Stock
According to Spark, TipRanks’ AI Analyst, TSE:FDR is a Neutral.
Founders Metals’ score reflects substantial challenges in financial performance, with no current revenue and negative cash flow. However, strong balance sheet fundamentals and recent positive corporate events, such as significant gold discoveries and financing, offer potential upside. Technical analysis indicates upward momentum, although valuation concerns persist due to ongoing losses.
To see Spark’s full report on TSE:FDR stock, click here.
Founders Metals Inc. has appointed Barry Macdonald as an Independent Director to its Board, bringing extensive experience in finance and corporate governance. The company also announced the results of its recent AGM, where shareholders approved all director elections, including Macdonald’s appointment, reappointed MS Partners LLP as auditors, and approved the stock option plan. This strategic appointment and shareholder approval are expected to strengthen Founders’ governance and support its ongoing growth and exploration efforts.
Spark’s Take on TSE:FDR Stock
According to Spark, TipRanks’ AI Analyst, TSE:FDR is a Neutral.
Founders Metals’ score reflects substantial challenges in financial performance, with no current revenue and negative cash flow. However, strong balance sheet fundamentals and recent positive corporate events, such as significant gold discoveries and financing, offer potential upside. Technical analysis indicates upward momentum, although valuation concerns persist due to ongoing losses.
To see Spark’s full report on TSE:FDR stock, click here.
Founders Metals has announced significant assay results from its Van Gogh site at the Antino Gold Project in Suriname, highlighting a 72.0-meter interval with 2.29 g/t gold, extending mineralization to a 200-meter vertical depth. This discovery, part of a broader exploration program, underscores the potential of the Antino project as a tier 1 gold discovery, with the company planning to allocate substantial resources to further exploration in 2025. The results are expected to enhance Founders Metals’ position in the gold exploration industry and provide value to shareholders through systematic discoveries and expansion of existing successes.
Founders Metals Inc. has successfully closed a C$2.6 million financing deal with B2Gold Corp., involving the issuance of 484,239 common shares. This investment, along with recent financing, positions Founders to continue its exploration and drilling plans at the Antino Gold Project in 2025, aiming for further discoveries and expansion. The company plans to use the proceeds for ongoing exploration and development at Antino, with B2Gold committed to purchasing additional shares in the open market over the next year.
Founders Metals Inc. has successfully closed a bought deal private placement, raising C$32.5 million through the sale of over 6.1 million common shares. The funds will be used to accelerate exploration activities at the Antino Gold Project and for general corporate purposes. This financing was led by BMO Capital Markets with participation from several other underwriters. The Offering is subject to final acceptance by the TSX Venture Exchange and includes regulatory stipulations such as a hold period under Canadian securities laws.
Founders Metals Inc. has announced a significant gold discovery at their Antino Gold Project in Suriname, with the first drill hole at the Van Gogh site yielding 28.5 metres of 7.12 grams per tonne gold. This discovery, along with recent findings at the Da Vinci prospect, highlights the potential for further high-grade gold discoveries across the property. The results validate Founders’ exploration strategy and suggest strong potential for additional discoveries among the nine high-priority targets at Antino, bolstering the company’s industry positioning and exploration prospects.
Founders Metals has announced an increased investment from B2Gold Corp., which has subscribed for additional shares worth approximately C$2.57 million. This investment, along with an earlier announced C$30 million brokered offering, positions Founders to raise up to C$37 million. B2Gold’s involvement, now owning 5% of Founders, is seen as a strong endorsement of Founders’ progress and the potential of the Antino Gold Project. The investment is expected to close soon, subject to standard closing conditions.
Founders Metals Inc. has announced a C$30 million bought deal financing agreement with a syndicate of underwriters led by BMO Capital Markets. The funds will be used to accelerate exploration activities on the Antino Gold Project, with the offering expected to close by February 20, 2025, pending regulatory approvals. This strategic move is likely to enhance the company’s exploration capabilities and potentially strengthen its position in the precious metals industry.