Founders Metals Inc (FDR) Financings
TSXV: FDR · Gold · Exploration stage
- Market cap$1.12B
- Share price$7.80
- 52-week range$3.15 – $8.59
- Shares outstanding143,911,493
- ExchangeTSXV
Founders Metals Inc. is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The Company controls a 102,360-hectare contiguous land package in the Guiana Shield - the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is executing one of the most active exploration programs in the global junior gold sector and is backed by a strategic partnership with Gold Fields Limited. The Company is committed to responsible exploration, strong community engagement, and disciplined capital allocation as it advances Suriname's next major gold camp.
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Founders Metals Inc financial statements
Key figures read from 32 of 36 financial statement filings, Feb 11, 2019 to Jul 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$25,746,648 | — | — | — | C$3,292,639 |
| Total current assets | C$26,397,198* | C$5,144,698 | C$2,310,447* | C$1,268,683* | C$3,442,136* |
| Exploration and evaluation assets | C$84,888,024 | C$28,312,375 | C$12,112,357 | C$8,587,610 | C$7,205,823 |
| Property, plant and equipment | — | — | C$554,556 | C$37,390 | C$53,414 |
| Total assets | C$115,744,734 | C$35,129,495 | C$14,977,360 | C$9,893,683 | C$10,701,373 |
| Total liabilities | — | C$3,040,891 | — | — | — |
| Shareholders' equity | C$108,220,496 | C$32,088,604 | C$14,087,590 | C$9,876,388 | C$10,334,193 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$2,467,892 | C$1,117,368 | C$426,733 | C$289,110 | C$148,903 |
| Share-based compensation | (C$5,852,320) | (C$5,364,600) | (C$871,100) | (C$32,400) | (C$434,750) |
| Net income (loss) | (C$10,585,128) | (C$7,738,457) | (C$1,862,254) | (C$485,772) | (C$901,258) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$5,377,566) | (C$3,169,941) | (C$781,470) | (C$952,853) | (C$681,437) |
| Investing cash flow | (C$36,508,333) | (C$13,882,280) | (C$3,067,307) | (C$1,365,763) | (C$704,091) |
| Financing cash flow | C$62,850,537 | C$19,824,121 | C$4,907,356 | (C$4,433) | C$4,677,920 |
| Exploration spending (capitalized) | (C$33,968,186) | (C$12,624,796) | (C$2,483,514) | (C$1,365,763) | (C$641,251) |
| Property, plant and equipment spending | — | — | — | C$0 | (C$62,840) |
| Proceeds from share issues | C$62,919,600 | C$14,602,521 | C$4,708,306 | (C$4,433) | C$4,677,920 |
| Change in cash | C$20,964,638 | C$2,771,900 | C$1,058,579 | (C$2,323,049) | C$3,292,392 |
| Cash at end of period | C$25,746,648 | C$4,800,069 | C$2,028,169 | C$969,590 | C$3,292,639 |
Founders Metals Inc financings
10 financings announced or closed by Founders Metals Inc, read by Mining News Terminal, newest first.