# EDGAR Filing Document

**Accession Number:** 0001179232
**File Stem:** 0001179232-23-000001
**Filing Date:** 2023-1
**Character Count:** 8619
**Document Hash:** 9646aa81b7af01c8ce9771fe449ab4dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001179232-23-000001.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001179232-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FOUNDATION RESOURCE MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001179232
- **IRS NUMBER:** 710714016
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10317
- **FILM NUMBER:** 23525284

**BUSINESS ADDRESS:**
- **STREET 1:** 401 W CAPITOL AVE
- **STREET 2:** SUITE 503
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72201
- **BUSINESS PHONE:** 5016043190

**MAIL ADDRESS:**
- **STREET 1:** 401 W CAPITOL AVE
- **STREET 2:** SUITE 503
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72201

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** FOUNDATION RESOURCE MANAGEMENT INC<br>**Address:** 401 W CAPITOL AVE<br>SUITE 503<br>LITTLE ROCK, AR 72201

**Form 13F File Number:** 028-10317

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lauren Sanders<br>**Title:** Controller<br>**Phone:** 501-534-2685

**Signature, Place, and Date of Signing:**

Lauren Sanders  Little Rock, AR  01-12-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 53

**Form 13F Information Table Value Total:** $604324

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287y109 |  | 6550 | 40532 | SH |  | SOLE |  | 40532 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 14475 | 278418 | SH |  | SOLE |  | 278418 | 0 | 0 |
| ALAMOS GOLD INC FCLASS A | COM | 011532108 |  | 325 | 32193 | SH |  | SOLE |  | 32193 | 0 | 0 |
| AMBEV SA SPON ADR | COM | 02319V103 |  | 7091 | 2607092 | SH |  | SOLE |  | 2607092 | 0 | 0 |
| APACHE CORP | COM | 03743Q108 |  | 6073 | 130089 | SH |  | SOLE |  | 130089 | 0 | 0 |
| BAKER HUGHES A GE CO CL A | COM | 05722g100 |  | 878 | 29728 | SH |  | SOLE |  | 29728 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 11846 | 689524 | SH |  | SOLE |  | 689524 | 0 | 0 |
| BERKSHIRE HATHAWAY CL B | COM | 084670702 |  | 31779 | 102877 | SH |  | SOLE |  | 102877 | 0 | 0 |
| BERKSHIRE HATHAWAY HLD A | COM | 084670108 |  | 2344 | 5 | SH |  | SOLE |  | 5 | 0 | 0 |
| CADENCE NTNL BANK GATESVILLE T | COM | 12740c103 |  | 400 | 16213 | SH |  | SOLE |  | 16213 | 0 | 0 |
| CAMECO CORP | COM | 13321l108 |  | 19398 | 855649 | SH |  | SOLE |  | 855649 | 0 | 0 |
| CENOVUS ENERGY INC. | COM | 15135U109 |  | 6698 | 345091 | SH |  | SOLE |  | 345091 | 0 | 0 |
| CHEVRON | COM | 166764100 |  | 41738 | 232535 | SH |  | SOLE |  | 232535 | 0 | 0 |
| CHUBB LTD INC | COM | H1467J104 |  | 459 | 2079 | SH |  | SOLE |  | 2079 | 0 | 0 |
| CISCO SYSTEMS | COM | 17275R102 |  | 7072 | 148457 | SH |  | SOLE |  | 148457 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825c104 |  | 36457 | 308956 | SH |  | SOLE |  | 308956 | 0 | 0 |
| CORNING | COM | 219350105 |  | 3246 | 101641 | SH |  | SOLE |  | 101641 | 0 | 0 |
| DEVON ENERGY | COM | 25179m103 |  | 4289 | 69727 | SH |  | SOLE |  | 69727 | 0 | 0 |
| EASTMAN CHEMICAL | COM | 277432100 |  | 236 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| EXXON MOBIL | COM | 30231G102 |  | 48370 | 438532 | SH |  | SOLE |  | 438532 | 0 | 0 |
| FEDERATED HERMES INC | COM | 314211103 |  | 14533 | 400236 | SH |  | SOLE |  | 400236 | 0 | 0 |
| FRANKLIN RESOURCES INC COM | COM | 354613101 |  | 14102 | 534559 | SH |  | SOLE |  | 534559 | 0 | 0 |
| FREEPORT-MCMORAN INC. | COM | 35671d857 |  | 9146 | 240682 | SH |  | SOLE |  | 240682 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 16191 | 188600 | SH |  | SOLE |  | 188600 | 0 | 0 |
| GLATFELTER CORP | COM | 377320106 |  | 1301 | 468150 | SH |  | SOLE |  | 468150 | 0 | 0 |
| GRAFTECH INTERNATIONAL LTD | COM | 384313508 |  | 7013 | 1473329 | SH |  | SOLE |  | 1473329 | 0 | 0 |
| HP INC | COM | 40434L105 |  | 8548 | 318137 | SH |  | SOLE |  | 318137 | 0 | 0 |
| IMPERIAL OIL LTD | COM | 453038408 |  | 342 | 7025 | SH |  | SOLE |  | 7025 | 0 | 0 |
| INTEL CORP. | COM | 458140100 |  | 13168 | 498235 | SH |  | SOLE |  | 498235 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHINE | COM | 459200101 |  | 204 | 1449 | SH |  | SOLE |  | 1449 | 0 | 0 |
| KRAFT HEINZ COMPANY | COM | 500754106 |  | 12926 | 317524 | SH |  | SOLE |  | 317524 | 0 | 0 |
| LOEWS | COM | 540424108 |  | 7305 | 125244 | SH |  | SOLE |  | 125244 | 0 | 0 |
| LUMEN TECHNOLOGIES | COM | 550241103 |  | 16879 | 3233458 | SH |  | SOLE |  | 3233458 | 0 | 0 |
| MARATHON PETROLEUM CORP | COM | 56585a102 |  | 539 | 4629 | SH |  | SOLE |  | 4629 | 0 | 0 |
| MERCK AND CO. INC. | COM | 58933Y105 |  | 22790 | 205404 | SH |  | SOLE |  | 205404 | 0 | 0 |
| MOSAIC | COM | 61945c103 |  | 27337 | 623125 | SH |  | SOLE |  | 623125 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 260 | 6050 | SH |  | SOLE |  | 6050 | 0 | 0 |
| NEWMONT GOLDCORP | COM | 651639106 |  | 29938 | 634272 | SH |  | SOLE |  | 634272 | 0 | 0 |
| ORGANON  CO | COM | 68622v106 |  | 421 | 15063 | SH |  | SOLE |  | 15063 | 0 | 0 |
| OVINTIV INC | COM | 69047q102 |  | 3894 | 76799 | SH |  | SOLE |  | 76799 | 0 | 0 |
| PARAMOUNT GLOBAL | COM | 92556H206 |  | 16892 | 1000735 | SH |  | SOLE |  | 1000735 | 0 | 0 |
| PERMIAN BASIN ROYALTY TRUST | COM | 714236106 |  | 17384 | 689848 | SH |  | SOLE |  | 689848 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 20373 | 397596 | SH |  | SOLE |  | 397596 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 7084 | 68064 | SH |  | SOLE |  | 68064 | 0 | 0 |
| SAN JUAN BASIN ROYALTY TRUST | COM | 798241105 |  | 184 | 16125 | SH |  | SOLE |  | 16125 | 0 | 0 |
| SANOFI | COM | 80105n105 |  | 12481 | 257709 | SH |  | SOLE |  | 257709 | 0 | 0 |
| TECK RESOURCES LTD CL B | COM | 878742204 |  | 40194 | 1062779 | SH |  | SOLE |  | 1062779 | 0 | 0 |
| TEJON RANCH CO | COM | 879080109 |  | 8182 | 434272 | SH |  | SOLE |  | 434272 | 0 | 0 |
| THE TRAVELERS COS. INC. | COM | 89417e109 |  | 518 | 2765 | SH |  | SOLE |  | 2765 | 0 | 0 |
| TRANSOCEAN LTD | COM | H8817H100 |  | 909 | 199396 | SH |  | SOLE |  | 199396 | 0 | 0 |
| TSAKOS ENERGY NAVIGATION LTD | COM | g9108l173 |  | 5369 | 317104 | SH |  | SOLE |  | 317104 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 17471 | 443425 | SH |  | SOLE |  | 443425 | 0 | 0 |
| WAL-MART STORES | COM | 931142103 |  | 721 | 5086 | SH |  | SOLE |  | 5086 | 0 | 0 |

---