With a disciplined exploration strategy and a high-grade discovery focus, FinEx Metals is poised to become one of the most compelling new gold exploration companies in Europe. The company is led by a technically experienced and locally embedded team, backed by a tight share structure and strategic investor alignment.
FinEx Metals (TSXV:FINX) is an exploration-stage company focused on discovering Finland’s next high-grade gold deposit. Backed by NewQuest Capital Group, FinEx is strategically positioned near Europe’s largest gold mine, the Agnico Eagle’s Kittilä Mine, and sits within one of the most prospective but underexplored terrains globally – the Central Lapland Greenstone Belt.
FinEx has defined a 2.7-kilometer-long anomalous gold zone through a combination of trenching, rock sampling, and top-of-bedrock (ToB) drilling. The ToB campaign yielded 29 samples with assays ranging from 0.1 to 4.2 grams per ton (g/t) gold and revealed broad pathfinder anomalies in tellurium, bismuth, silver and arsenic, highlighting a robust geochemical footprint consistent with orogenic gold systems.
Additionally, 263 grab samples were collected from trench exposures, 52 of which returned values above 1 g/t gold, including 19 samples exceeding 10 g/t gold. The highest grade recorded to date is 95.1 g/t gold from a quartz-carbonate vein system, located within a zone extending over 250 meters. Ruoppa is fully permitted and drill-ready, with the maiden core drilling campaign scheduled to begin in August 2025. With an experienced local team, high-grade mineralization and proximity to active operations, FinEx offers a unique opportunity to invest in an early-stage gold explorer positioned for rapid value creation.
The Ruoppa project is FinEx Metals’ flagship exploration asset, situated approximately 17 kilometers from Agnico Eagle’s Kittilä Mine, the largest primary gold producer in Europe. Located within Finland’s Central Lapland Greenstone Belt (CLGB), Ruoppa lies on the same structural and geological trend that hosts other major gold systems like Rupert Resources’ Ikkari discovery. The project is fully permitted and drill-ready, with a maiden diamond drill program scheduled to commence in Q3 2025.
The anomalous gold zone identified at Ruoppa extends over 2.7 kilometers and remains open in all directions. Ten trenches totaling 641 meters have been excavated across the highest-priority geophysical and geochemical anomalies, confirming both the lateral continuity and high-grade potential of the gold-bearing structures. This robust dataset has defined a compelling sulphide-rich gold target at depth, which will be tested during the upcoming diamond drill program.
Notably, the project will see its first-ever diamond drilling in Q3 2025. Ruoppa benefits from excellent access to infrastructure, including all-season roads, grid power and 5G connectivity.
Over the past four years, FinEx has conducted extensive early-stage exploration, including ToB drilling, trenching and rock sampling. A total of 263 rock grab samples have been collected from trench exposures, with 52 samples returning assays greater than 1 g/t gold and 19 samples exceeding 10 g/t gold. The highest recorded sample yielded 95.1 g/t gold, hosted in quartz-carbonate vein systems. ToB drilling, an efficient shallow drilling method ideal for glacially covered terrains, revealed additional gold potential with assays up to 4.2 g/t gold and strong pathfinder element anomalies in tellurium, bismuth, silver and arsenic.
The Luova project is located within the thickest core portion of the CLGB, less than 10 kilometers from the Kittilä Mine and adjacent to key exploration prospects such as Hanhimaa and Hakokodanmaa. This underexplored project shows all the hallmarks of a classic orogenic gold system, including thick sequences of Fe-tholeiitic basalts, large-scale shear zones acting as fluid conduits, and favorable trap rocks such as graphitic tuffs and banded iron formations.
Historical base-of-till sampling conducted by Outokumpu and Agnico Eagle revealed anomalous gold and copper values, including results up to 0.38 g/t gold and 0.49 percent copper. Despite these encouraging results, the Luova project remains undrilled, representing a significant near-surface gold discovery opportunity. Ionic leach soil samples and detailed magnetic surveys are planned to refine drill targets, with a focus on zones where interpreted thrust faults intersect favorable host rocks.
The Kero project, explored in the early 2000s by the Geological Survey of Finland (GTK), is another advanced gold target in FinEx’s portfolio. GTK completed an extensive dataset that includes 7.7 kilometers of diamond drilling, trenching, bedrock mapping and multiple geophysical surveys (including IP, VLF-R and ground magnetics). Historic drill intercepts at Kero include 1.05 meters at 12.6 g/t gold and 3.3 meters at 2.3 g/t gold, while surface grab samples returned up to 25.6 g/t gold from carbonate-sulphide veins.
The gold mineralization is associated with hydrothermal alteration and complex structural settings, including fold hinges and lithological contacts. A 1.2-kilometer-long gold anomaly has been defined, and the structural complexity – characterized by multiple deformation orientations – indicates strong potential for structurally controlled high-grade zones. Kero is accessible year-round via gravel roads and is a strong candidate for follow-up trenching and re-logging of the historical core.
Located in the Eastern Lapland Granite-Greenstone Belt, the Tulppio project represents FinEx’s entry into critical mineral exploration, specifically targeting nickel sulphides and platinum group elements (PGE). The project is positioned adjacent to the Sokli project, a world-class phosphate, iron and REE deposit operated by Finnish Minerals Group. Tulppio contains a large (5 km x 2 km) ultramafic intrusive complex, with a gravity signature suggesting the body extends to 2 kilometers in depth.
Historic shallow drilling (less than 100 meters depth) has already intercepted 3 meters at 1.12 g/t platinum+palladium and 0.49 percent nickel (including 1.5 meters at 1.54 g/t platinum+palladium), and 24 meters at 0.33 percent nickel with sulfur content up to 4,600 ppm. Ionic leach soil sampling across the project has identified multiple significant nickel-cobalt-copper-palladium-gold anomalies, underscoring the project’s polymetallic potential. According to the Geological Survey of Finland (2010), Tulppio’s PGE and nickel potential should be factored into future development of the Sokli region.
The Ukko project targets orogenic and potentially metamorphosed epithermal gold systems in an Archean greenstone setting. The geology comprises komatiites, mafic volcanics, massive sulphide lenses and mica schists – favorable hosts for both gold and base metal mineralization. Historical drilling by Outokumpu in 1985 intersected 2.05 meters at 2.25 g/t gold. Recent soil sampling has revealed a new gold-copper anomaly in the southeastern portion of the property, coinciding with high magnetic and conductive geophysical zones. Further geochemical and IP surveys are planned to constrain the structure and assess the potential for deeper epithermal or orogenic systems.
A seasoned venture capitalist and natural resources investor, Tero Kosonen brings more than 30 years of experience in private equity and management. As co-founder of NewQuest Capital, he has led numerous early-stage ventures across energy and mining. He provides strategic leadership and capital markets expertise to FinEx.
A globally respected exploration geologist with over 30 years of experience in gold, nickel and iron ore exploration, Dr. Petri Peltonen is the former exploration manager – Europe for FQM. He is an Associated Professor at the University of Helsinki. Peltonen ensures technical rigour and exploration success at FinEx.
With over 20 years in financial leadership roles across publicly listed companies, Sandra Wong brings deep experience in accounting, compliance and governance – critical for a newly listed entity with aggressive exploration goals.
A local geologist with direct exploration experience with Agnico Eagle, Eetu Jokela is responsible for day-to-day field operations and geological planning, combining practical know-how with deep regional knowledge.
Experienced in regional greenfields exploration, Olli Silvonen supports mapping, sampling and trenching programs with a strong focus on gold and nickel-copper-PGE systems within the CLGB.
The former CEO of Anglo American Sakatti Mining, Jukka Jokela offers more than 35 years of exploration and ESG leadership in the Nordic region, adding valuable permitting and stakeholder engagement capacity.
With 40 years in academic and field exploration, Dr. Pasi Eilu is a recognized expert on greenstone-hosted gold and critical minerals in Finland. His work has shaped much of the geological understanding in Lapland.
Phil Smerchanski brings more than two decades of experience in nickel and gold systems. A former senior technical lead at Oxygen Capital and Anglo American, he provides technical guidance across project pipeline development.
High-grade gold exploration in Finland’s prolific Central Lapland Greenstone Belt
(TheNewswire)
FinEx Metals Ltd. (TSX-V: FINX) ("FinEx" or the "Company") is pleased to announce the successful completion of its 2025 summer field exploration program, including drilling 14 diamond drill holes totalling 2,483 metres across multiple target areas on its 100% owned Ruoppa gold project, located in the Central Lapland Greenstone Belt of Finland
The program included first-pass diamond drilling, trenching, geochemical sampling and Top-of-Bedrock (ToB) drilling within the Ruoppa East, Outamaa, Heinikko and Ruoppa Central zones, along with reconnaissance geochemical work at the nearby Nuuti area. The drill campaign was designed to test high-priority gold targets defined by earlier trenching and ToB drilling. Drilling focused on Ruoppa East where a series of high-grade gold targets intermittently extend over approximately 2.7 km.
Tero Kosonen, Chairman and Chief Executive Officer of FinEx, commented:
"Our 2025 summer field program was successfully completed with efficiency and I am very pleased with the excellent work of our technical team. Their efforts will generate a significant amount of new data from multiple high-priority gold targets. These results will be instrumental as we refine our geological model and prepare for the next phase of exploration."
The summer campaign comprised of the following:
Diamond Drilling – 2,483 metres completed
A first-pass diamond drill program of 14 holes was completed across multiple target areas within the Ruoppa project, testing structural features defined through surface geochemistry and geophysics.
Top-of-Bedrock Drilling – 553 samples collected
Shallow drilling was carried out to refine near-surface gold-in-soil anomalies and support drill targeting.
Ruoppa East: 395 samples
Heinikko: 158 samples
Trenching – 12 trenches totaling 1,041 metres
Mechanical trenching was undertaken to expose bedrock for structural mapping and sampling.
Ruoppa East: 10 trenches / 676 metres
Outamaa: 2 trenches / 365 metres
Soil Sampling – 328 samples collected
Soil sampling completed to identify subtle geochemical anomalies in areas with shallow overburden.
Nuuti: 291 samples
Ruoppa East: 14 samples
Ruoppa Central: 23 samples
Rock Sampling – 382 samples collected
Rock samples were collected from trenched zones and other surface exposures to support geological interpretation.
Ruoppa East: 307 samples
Outamaa: 75 samples
Drone Magnetic Survey
An approximately 140 km² high-resolution aeromagnetic survey was flown to assist with geological interpretation and targeting.
Click Image To View Full Size
Figure 1. Location of exploration work across the Ruoppa Project.
Diamond Drilling – 2,483 metres completed
A first-pass diamond drill program comprising 2,483 metres across 14 holes was completed in August and September (Figures 2 and 3). Drilling targeted structural trends and geochemical anomalies defined by trenching, ToB drilling and geophysical interpretation. This program represents the first systematic drill test of the Ruoppa project's subsurface potential. The Company expects to report initial assay results in late October to early November 2025.
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Figure 2. Location of drilling and trenching over topographic base, Ruoppa East Zone.
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Figure 3. Diamond drill at Ruoppa Gold project.
Top-of-Bedrock Drilling – 553 samples collected
A cost-effective shallow drilling program was completed to expand and infill the known gold-in-soil anomalies at Ruoppa East and test additional targets to the north. This ToB sampling methodology is widely practiced in Finland and has been used to make several discoveries including Ruppert Resources' Ikkari deposit located approximately 53 km southeast from the Ruoppa project.
Ruoppa East: 395 samples
Heinikko: 158 samples
Trenching – 12 trenches totaling 1,041 metres completed
Mechanical trenching was undertaken to extend the primary target zone at Ruoppa East toward the west and southwest (Figure 4). The program was designed to provide geological context including lithological contacts, veining and structural orientations.
Ruoppa East: 10 trenches / 676 metres
Outamaa: 2 trenches / 365 metres
Click Image To View Full Size
Figure 4. Trenching being excavated at the Ruoppa East target area.
Soil Sampling
Soil sampling was conducted across multiple target areas to detect subtle geochemical responses in glacial till-covered terrain. The program was mainly focused on identifying new gold and pathfinder anomalies in underexplored areas northeast of the main Ruoppa trend.
Nuuti: 291 samples
Ruoppa East: 14 samples
Ruoppa Central: 23 samples
Rock Sampling
Rock sampling was carried out across the Ruoppa East and Outamaa areas (Figure 5). A total of 382 samples were collected, including channel and chip sampling along trench walls.
Ruoppa East: 307 samples
Outamaa: 75 samples
Click Image To View Full Size
Figure 5. Rock sampling at Ruoppa East.
High-Resolution Drone Magnetic Survey
A 3,080 line-kilometre drone magnetic survey was completed at 50-metre line spacing, covering approximately 140 km² across the full extent of the Ruoppa project. The survey provides high- resolution data for structural interpretation, particularly shear zones, faults and lithological boundaries—key controls on gold mineralization in greenstone belt settings.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company's flagship Ruoppa project adjoins Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.
For more information, please visit the Company's website at www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a "Qualified Person" ("QP") as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Vancouver, British Columbia, August 5, 2025 TheNewswire - FinEx Metals Ltd. (TSX-V: FINX) ("FinEx" or the "Company") is pleased to announce it has commenced diamond drilling on its 100% owned Ruoppa gold project, located in the Central Lapland Greenstone Belt of northern Finland.
The initial drill campaign is expected to comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and Top of Bedrock drilling. Drilling will focus on the Ruoppa East area where a series of high-grade gold targets intermittently extend over approximately 2.7 km (Figure 1). High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.
Tero Kosonen, Chairman and Chief Executive Officer of FinEx, comments: "We are excited to commence our inaugural diamond drilling at Ruoppa, a significant milestone for FinEx. The results from this program will greatly enhance our understanding of the project's potential and help clarify the distribution and continuity of the gold-bearing veins at Ruoppa and within this highly prospective district."
Click Image To View Full Size
Figure 1. Map of Ruoppa project area showing a series of high-grade gold targets that intermittently extend over approximately 2.7 km, and location of first-pass drilling where high-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.
Click Image To View Full Size
Figure 2. First drill hole commences at Ruoppa gold project.
About the Ruoppa Project
The Company's flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in Finland, adjoining Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources' recent Ikkari discovery. Previous work by FinEx identified a series of high-grade gold targets that extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m. Ruoppa is fully permitted for drilling and a first-pass diamond drill program commenced in August 2025. For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at www.sedarplus.ca.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland.
For more information, please visit the Company's website at www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a "Qualified Person" ("QP") as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
mailto:bzerb@nqcapitalgroup.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
Vancouver, British Columbia TheNewswire - July 21, 2025 : FinEx Metals Ltd. (TSX-V: FINX) ("FinEx" or the "Company" ) is pleased to provide an update on exploration activities at its flagship Ruoppa project, situated adjacent Agnico Eagle's Kittilä mine land position and in proximity to Rupert Resources' Ikkari discovery in the Central Lapland Greenstone Belt in northern Finland . The Company's 2025 field season is focused on expanding the structural and geochemical understanding of the Ruoppa area through high-resolution magnetics, surface sampling, Top of Bedrock (ToB) drilling, trenching and diamond core drilling scheduled to commence in early August.
Exploration Highlights
Drone Magnetic Survey Completed: ~140 km² of high-resolution aeromagnetic survey was flown to assist with geological interpretation and targeting;
Soil Sampling Program Underway: ~500 samples will be collected across priority areas northeast of Ruoppa;
Top-of-Bedrock Drilling Initiated: ~500 ToB samples will be collected with the goal of expanding and infilling the gold-in-soil anomaly at Ruoppa East;
Trenching Program Underway: ~1,200 metres will be excavated to better understand geological structure, veining and lithological contacts; and
Diamond Drilling Planned: a 2,500-metre inaugural diamond drill program is scheduled to commence on the Ruoppa East target in early August 2025 testing the zone of quartz veining that returned high-grade gold values from trenches dug in 2024.
Tero Kosonen, Chairman and CEO of the Company, states: "With our listing on the TSX Venture Exchange successfully completed, we are rapidly advancing the various exploration targets on the Ruoppa project with an aeromagnetic survey, geochemical sampling and trenching. The upcoming drill program marks a pivotal next step as we aim to translate that groundwork into discovery. This is a high-conviction exploration campaign and the team is working hard to execute a program designed to unlock the project's potential."
High-Resolution Drone Magnetic Survey Completed
FinEx recently completed a 3,080-line kilometre high-resolution drone magnetic survey covering approximately 140 square kilometres and the entirety of the Ruoppa gold project. The survey was flown with 50-metre line spacing and approximately 40 metres above ground level.
This high-resolution magnetic dataset provides for detailed interpretation of geological structures including shear zones, faults and major lithological contacts which are typical controls on gold mineralization in the Central Lapland Greenstone Belt and other greenstone belts worldwide.
Structural Lineament Interpretation in Progress
Building on the newly acquired drone magnetic data, FinEx is refining its regional structural interpretation to improve its understanding of the controls on mineralization. This work will be ongoing throughout July and August 2025.
Soil Sampling Survey Advancing
A regional geochemical soil sampling program is underway across priority areas northeast of the Ruoppa project area with the goal of identifying new areas of mineralisation.
Approximately 500 samples are planned for this program. The results will be used in conjunction with the geophysical interpretation to develop additional drill targets.
ToB Drill Program Underway
In early July, FinEx commenced a ToB drill campaign focusing on extending and infilling the known gold-in-soil anomaly at Ruoppa East, specifically targeting extensions to the east and south. Additionally, the program will be used to generate new targets to the north of the Ruoppa East target (Figure 1).
Click Image To View Full Size
Figure 1. Ruoppa Gold Project ToB drilling and East Target locations.
Up to 500 ToB samples are planned in total. These programs are a cost-effective method of targeting geologically prospective ground beneath a veneer of glacial till cover that remains untested by prior surface work or drilling (Figure 2). This ToB sampling methodology is widely used in Finland and has been used to make several discoveries including Ruppert Resources' Ikkari deposit located approximately 53 km southeast of the Ruoppa project.
Click Image To View Full Size
Figure 2. Ongoing ToB (Top-of-Bedrock) sampling at the Ruoppa Gold Project.
Trenching Program Underway
In July, FinEx initiated a trenching campaign at Ruoppa East aimed at extending the principal target zone westward and southwestward. The program is designed to provide structural and lithological context, including information on vein continuity, geological contacts and structural orientations beneath the veneer of glacial till cover.
Approximately 1,200 metres of trenching is currently being completed (Figures 3 and 4). Geological mapping and systematic sampling of the trenches are underway and will continue through mid-August. Channel sampling and/or continuous rock chip sampling will be conducted to support detailed geochemical and structural interpretation.
Click Image To View Full Size
Figure 3. Newly excavated trench at the Ruoppa East target area.
Click Image To View Full Size
Figure 4. Trench sampling at Ruoppa East.
Diamond Drill Campaign
FinEx is preparing to initiate its inaugural diamond drill program at the Ruoppa project, with drilling anticipated to commence in early August. The campaign will comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and ToB drilling. Drilling will specifically focus on the Ruoppa East area which returned a series of high-grade gold targets that intermittently extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 m.
This program marks a pivotal step in evaluating the potential of mineralized trends identified at surface and advancing the Ruoppa project through systematic, technically-driven exploration.
For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at www.sedarplus.ca .
Stock Option Grant
The Company has granted 2,030,000 incentive stock options (the "Options") to directors, officers, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.30 for a five-year term. 1,780,000 Options vest immediately and 250,000 Options will vest in 12 months. The Options are subject to the acceptance of the TSX Venture Exchange.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company's flagship Ruoppa project adjoins Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.
For more information, please visit the Company's website at www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a "Qualified Person" ("QP") as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Tero Kosonen, Chairman and Chief Executive Officer, FinEx Metals Ltd. (FinEx or the Company) (TSXV: FINX), and his team, joined Tim Babcock, President, TSX Venture Exchange, TMX Group, to open the market to celebrate the Company's new listing on TSX Venture Exchange.
FinEx Metals Ltd. is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company's flagship Ruoppa project adjoins Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery. Previous work by FinEx at Ruoppa identified a series of high-grade gold targets that extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m. Ruoppa is fully permitted for drilling and a first-pass diamond drill program is scheduled for August 2025.
MEDIA CONTACT:
Brennan Zerb
Investor Relations Manager
Brennan@nqcapitalgroup.com
+1 (778) 867-5016
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257673
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FinEx Metals Ltd. (TSX-V: FINX) ("FinEx" or the "Company" ) is pleased to announce that its common shares will begin trading today on the TSX Venture Exchange (the "Exchange") under the symbol FINX . The listing marks a key milestone as FinEx actively advances its 2025 field program across multiple targets in Finland's Central Lapland Greenstone Belt.
Tero Kosonen, the Chairman and Chief Executive Officer of FinEx, comments: "Our listing on the Exchange comes at a time when gold's strategic relevance is growing globally. With a district-scale land position in Finland's premier gold belt and a steadily advancing field program, FinEx provides its shareholders with exposure to potential discovery-stage exploration projects in a structurally bullish gold environment".
2025 Exploration Program Now Underway
The 2025 field season is fully funded with a $4M treasury and underway with concurrent exploration initiatives across the Ruoppa, Nuuti, Somma and Hangas project areas:
About the Ruoppa Project
The Company's flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in Finland, adjoining Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources' recent Ikkari discovery. Previous work by FinEx at Ruoppa identified a series of high-grade gold targets that extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m. Ruoppa is fully permitted for drilling and a first-pass diamond drill program is scheduled for August 2025. For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2015, as filed on SEDAR+ at www.sedarplus.ca.
About FinEx Metals Ltd.
FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company's flagship Ruoppa project adjoins Agnico Eagle's Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.
For more information, please visit the Company's website at www.finexmetals.net.
FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a "Qualified Person" ("QP") as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.
On Behalf of the Board of Directors
Tero Kosonen
Chairman and Chief Executive Officer
+1 (604) 681-9100
tero@finexmetals.net
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
brennan@nqcapitalgroup.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
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It’s been a long time coming, but it seems gold-mining stocks are finally responding to record gold prices.
The VanEck Gold Miners ETF (ARCA:GDX), whose holdings include the biggest global gold-mining companies, was up by 103.54 percent year-to-date as of Thursday (September 18).
The GDX has tracked the price and yield performance of the NYSE ARCA Gold Miners Index since its inception in May 2006. That came to an end on Friday (September 19) as it switched to the MarketVector Global Gold Miners index.
It may seem counterintuitive for global investment management firm VanEck to make a change to the index for the popular US$20.5 billion GDX, but there are plenty of good reasons.
The switch was planned a few months ago in conjunction with housekeeping that’s a routine component of exchange-traded fund (ETF) management. The move to the MarketVector Global Gold Miners Index is happening at the same time that the firm would normally rebalance the weight of its positions in GDX's underlying securities.
And the move makes sense. Not only is MarketVector a subsidiary of VanEck, but it is based on free-float market-cap-weighted methodology that many major stock indexes now use.
“By focusing only on shares available for public trading, excluding those held by insiders or restricted from the market, this method offers a more accurate reflection of market dynamics than the full-market capitalization method,” explains Investopedia, noting that this approach is used by indexes like the S&P 500 (INDEXSP:.INX).
It seems VanEck is joining the rest of the global financial community, which has transitioned away from full market-cap-weighting methodologies like that used by NYSE ARCA Gold Miners Index.
So what can GDX investors expect from this change?
They probably won’t see much difference right away besides slight adjustments to how some stocks are weighted in the fund, or which stock listing is used for companies with multiple stock listings.
For example, major miner Newmont (TSX:NEM,NYSE:NEM,ASX:NEM) — which is among the ETF’s top five holdings — will be weighted at 6.95 percent from 12.99 percent.
Chart via VanEck.
Over the long term, however, GDX may see a boost in performance, including less volatility and better liquidity, as the dead weight is cut away and the largest companies are no longer concentrated at the top. This could represent a major growth opportunity for GDX investors, especially if this bull run on gold and gold-mining stocks continues.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
