“We look forward to drawing on B2Gold’s experience in exploring for, and developing, world-class mining assets in similar geological environments,” Colin Padget, Founders’ president and CEO, said in a release. “This broader financing package leaves Founders well positioned to ramp up exploration at Antino, fully funding our planned 2025 exploration budget and the near-term addition of a fourth diamond drill.”
Clive Johnson, B2Gold CEO and president, said the deal is in line with the company’s strategy of investing early in discoveries with Tier one potential. B2Gold holds the feasibility-stage Goose project in Nunavut, as well as the Fekola mine complex in Mali, where last month it reached a new regulatory deal with Mali’s military government for the complex.
“The rigorous exploration efforts undertaken by Founders’ technical and management team have clearly highlighted the district-scale potential of the Antino…
