Gold Fields (US:GFI) Newsfileยท2025-11-03 12:00Core Viewpoint - Founders Metals Inc. has entered into a subscription agreement with Gold Fields Netherlands Services B.V. for the acquisition of 12,048,193 common shares at a price of $4.15 per share, raising a total of $50 million through a non-brokered private placement [1][2]. Group 1: Investment Details - The proceeds from the investment will be allocated for land consolidation, regional exploration activities, working capital, and general corporate purposes at the Antino Gold Project in Suriname [2]. - The transaction is expected to close on or about November 10, 2025, pending customary conditions including approval from the TSX Venture Exchange [6]. Group 2: Strategic Partnership - The partnership with Gold Fields, a leading global gold producer, is expected to enhance Founders' capabilities in advancing the Antino project, leveraging Gold Fields' technical expertise and experience in developing gold deposits [3]. - An Investor Rights Agreement will be established, granting Gold Fields certain rights including top-up and financing participation rights, technical committee representation, and the right to appoint a board nominee if ownership exceeds 12.5% [4]. Group 3: Company Background - Founders Metals is focused on the Antino Gold Project, which spans 56,000 hectares and has produced over 500,000 ounces of gold from historical mining [8]. - Gold Fields operates nine mines globally and has a total attributable annual gold-equivalent production of 2.1 million ounces, with significant mineral reserves and resources [7].