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FinEx Metals (TSXV:FINX) is a Canadian exploration company dedicated to unlocking the untapped gold potential of Finland’s Central Lapland Greenstone Belt—one of the world’s most prospective yet underexplored gold terrains. Backed by the resource-focused NewQuest Capital Group, FinEx is advancing early-stage discoveries just 25 kilometers from Agnico Eagle’s world-class Kittilä Mine, Europe’s largest gold producer.
The company has outlined a 2.7-kilometer-long gold anomaly through trenching, rock sampling, and top-of-bedrock (ToB) drilling. Initial ToB results returned gold values ranging from 0.1 to 4.2 g/t across 29 samples, alongside strong pathfinder elements including tellurium, bismuth, silver, and arsenic—indicators of a potential orogenic gold system and a compelling vector for further exploration.
The Ruoppa Project is FinEx Metals’ flagship asset, located just 17 kilometers from Agnico Eagle’s Kittilä Mine — Europe’s largest primary gold producer. Situated within Finland’s highly prospective Central Lapland Greenstone Belt (CLGB), Ruoppa lies along the same structural corridor that hosts major discoveries such as Rupert Resources’ Ikkari deposit. Fully permitted and drill-ready, the project is set to launch its maiden diamond drill program in Q3 2025, targeting high-grade gold potential in one of Europe’s most underexplored gold districts.
Company Highlights
- High-grade Gold Focus in a Tier-one Address: Flagship Ruoppa project lies within 17 km of Agnico Eagle’s Kittilä Mine, the largest gold-producing mine in Europe.
- Large, 100 percent Owned Land Package: FinEx controls a 100 percent owned, royalty-free portfolio of projects across the Central and Eastern Lapland greenstone belts.
- Drill-ready Flagship Asset: The Ruoppa project is fully permitted and will commence its maiden diamond drill program in Q3 2025.
- Exceptional Gold Grades: Rock grab samples from Ruoppa returned up to 95.1 g/t gold, with 52 samples over 1 g/t gold and 19 samples exceeding 10 g/t gold.
- Strong Local Technical Team: Deep exploration experience in Finland with former Agnico Eagle, FQM and Anglo-American personnel leading geological efforts.
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FinEx Metals
Investor Insight
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.
Overview
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.
Company Highlights
- High-grade Gold Focus in a Tier-one Address: Flagship Ruoppa project lies within 17 km of Agnico Eagle’s Kittilä Mine, the largest gold-producing mine in Europe.
- Large, 100 percent Owned Land Package: FinEx controls a 100 percent owned, royalty-free portfolio of projects across the Central and Eastern Lapland greenstone belts.
- Drill-ready Flagship Asset: The Ruoppa project is fully permitted and will commence its maiden diamond drill program in Q3 2025.
- Exceptional Gold Grades: Rock grab samples from Ruoppa returned up to 95.1 g/t gold, with 52 samples over 1 g/t gold and 19 samples exceeding 10 g/t gold.
- Strong Local Technical Team: Deep exploration experience in Finland with former Agnico Eagle, FQM and Anglo-American personnel leading geological efforts.
Flagship Project
Ruoppa Gold Project
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.
Additional Projects
Luova Gold Project
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.
Kero Gold Project
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.
Tulppio Ni-PGE Project
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.
Ukko Gold-Copper Project
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.
Management Team
Tero Kosonen – Chairman and CEO
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.
Dr. Petri Peltonen – Chief Geologist
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.
Sandra Wong – CFO
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.
Eetu Jokela – Project Manager
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.
Olli Silvonen – Exploration Geologist
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.
Jukka Jokela – Senior Advisor
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.
Dr. Pasi Eilu – Senior Advisor
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 – Senior Technical Advisor
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
NevGold: Unlocking Potential in Gold Exploration
Investor Insight
With a sharp focus on discovery and resource growth, NevGold presents a compelling investment opportunity as an undervalued gold and critical metals explorer with projects in Nevada and Idaho—two of the world’s top mining jurisdictions.
Overview
NevGold (TSXV:NAU,OTCQX:NAUFF,FSE:5E50) is focused on discovering and growing a multi-million-ounce gold-equivalent resource base across Nevada and Idaho in the US. With a lean market capitalization of under C$50 million and a pipeline of highly prospective oxide and porphyry assets, the company is positioned for a significant valuation re-rate over the next 12 to 18 months as it executes on its resource growth and de-risking strategy.
The company is rapidly advancing toward its goal of defining a 5 Moz+ gold-equivalent resource base by Q4 2025, anchored by its flagship Limo Butte project – one of North America’s rare oxide gold-antimony systems – and its gold resource at Nutmeg Mountain, along with early-stage copper potential at Zeus.
The Limo Butte project is a high-grade oxide gold-antimony system in Nevada with strong analogues to Carlin-style mineralization and excellent near-surface drill results. Nutmeg Mountain in Idaho is an advanced-stage, heap-leach gold project with 1.3 Moz in defined resources and favorable metallurgy. Zeus, an early-stage copper project staked in 2023, provides blue-sky porphyry exploration potential in a district that has already attracted major interest, including a C$30 million investment by Barrick Gold in a neighboring property.
NevGold is actively executing on drill programs, metallurgical studies, and resource updates across all three projects, fully funded through its recent capital raise. The company is well positioned to benefit from rising gold and copper prices, increasing strategic demand for antimony, and a growing appetite among major mining companies for high-quality, undervalued juniors – all under the leadership of a proven team with deep expertise in mine development and M&A.
Company Highlights
- Multi-million-ounce Target: NevGold is on track to define 5+ Moz gold equivalent in combined resources at Limo Butte and Nutmeg Mountain by Q4 2025.
- Gold+Antimony Critical Metals Advantage: Limo Butte is emerging as a significant near-surface oxide gold-antimony system – one of only two of its kind in the United States.
- Substantial Resource Base: Nutmeg Mountain contains a 2023 NI 43-101 compliant oxide gold resource of 1.28 Moz (indicated + inferred), with strong exploration upside and favorable heap-leach characteristics.
- District-scale Copper Exposure: Zeus offers early-stage copper-gold-molybdenum potential in a highly active porphyry belt, adjacent to a Barrick-backed discovery.
- Strategic Location, Strategic Commodities: All projects are located in mining-friendly jurisdictions with excellent infrastructure, low geopolitical risk, and growing US demand for domestic gold and critical mineral supply.
- Fully Funded Growth: Recent C$6 million financing supports 2025 drill campaigns, metallurgical testwork, and updated NI 43-101 estimates across the portfolio.
- Tight Capital Structure & Strong Support: Backed by strategic shareholders including GoldMining and McEwen Mining.
- Significant Valuation Gap: Trading at a fraction of peers such as Perpetua Resources (~C$1.7 billion), despite similar resource and jurisdictional advantages.
Key Projects
Limo Butte Project
The Limo Butte Project is NevGold’s cornerstone development asset, located in eastern Nevada within a prolific Carlin-style geological setting. The project encompasses 1,724 hectares consisting of 210 unpatented claims, 12 patented claims and private land leases. Historically explored in the 2000s, a 2009 non-43-101-compliant resource estimate outlined 241 koz of gold in the measured and indicated category (0.78 g/t gold) and 51 koz in the inferred category (0.70 g/t gold).
In 2025, NevGold re-assayed approximately 50 legacy drillholes and completed more than 5,000 meters of new RC drilling across the Resurrection Ridge and Cadillac Valley zones, revealing a substantial near-surface gold-antimony mineralized footprint.
Notably, recent drill intercepts returned thick oxide intervals, including:
- 1.11 g/t gold and 0.30 percent antimony (2.46 g/t gold equivalent) over 86.9 m, including 1.83 g/t gold and 0.87 percent antimony (5.75 g/t gold equivalent) over 12.8 m
- 2.26 g/t gold and 0.32 percent antimony (3.69 g/t gold equivalent) over 22.3 m
- 1.20 g/t gold and 0.64 percent antimony (4.07 g/t gold equivalent) over 54.9 m
These results confirm strong grade continuity and a positive spatial correlation between gold and antimony mineralization. Importantly, historical assays had a detection limit of 1 percent antimony, meaning actual antimony content in several zones is likely underreported.
Mineralization begins within 20 meters of surface, supporting low-strip, open-pit mining scenarios.
Metallurgical test work is underway, evaluating flowsheet options for gold and antimony recovery. A conceptual flowsheet includes gravity concentration, flotation and leaching stages to produce marketable gold and antimony products, including potential for antimony metal recovery via roasting.
NevGold aims to complete a maiden NI 43-101 compliant gold-antimony resource estimate by Q4 2025, setting the foundation for future economic studies.
Nutmeg Mountain Project
Nutmeg Mountain is an advanced oxide gold project located 80 km northwest of Boise, Idaho. The project benefits from exceptional infrastructure, road access and proximity to water and power. NevGold’s 2023 NI 43-101-compliant mineral resource estimate defined 1.01 Moz of gold in the indicated category (51.7 Mt @ 0.61 g/t gold) and 275 koz inferred (17.9 Mt @ 0.48 g/t gold), using a 0.30 g/t cut-off.
Mineralization starts at surface and exhibits strong lateral and vertical continuity. The deposit is hosted in volcanic and sedimentary units, with mineralization controlled by both lithological and structural features. The pit-constrained resource has a strip ratio of less than 1:1, highlighting the project’s potential for low-cost, bulk tonnage heap leach development. Additional drilling has confirmed the presence of higher-grade core zones (1 to 2 g/t gold), as well as potential feeder structures below the 2023 pit shell.
Current work comprises approximately 2,500 meters of RC drilling, metallurgical test work and an updated MRE planned for late 2025. Exploration targets include untested lateral extensions and high-grade feeder structures at depth. Nutmeg Mountain compares favorably to peer heap-leach projects across the Western US in terms of grade and strip ratio. It offers near-term development optionality in a mining-friendly jurisdiction and is a key contributor to NevGold’s goal of surpassing 5 Moz in gold-equivalent resources.
Zeus Copper Project
Zeus is an early-stage copper-gold-molybdenum exploration asset located on the Hercules Copper Trend in western Idaho. The project spans 29 sq km and shares similar geologic features with Hercules Metals’ Hercules Project (TSXV:BIG), which received a C$30 million strategic investment from Barrick Gold in 2023.
Zeus sits at the structural intersection of the Olds Ferry and Izee terranes, and hosts Triassic to Jurassic intrusives associated with porphyry-style mineralization. Geological mapping and surface sampling have revealed two priority targets:
- Poseidon: 2.4+ km copper-gold-molybdenum soil anomaly with coincident structural and rock chip indicators
- Thorn Springs: 1+ km copper-gold-molybdenum soil anomaly with interpreted intrusive-hosted alteration
Soil surveys were completed in early 2025, and geophysical work is ongoing to refine drill targeting. Initial drilling is anticipated by late 2025. With no prior modern exploration, Zeus offers blue-sky potential for a significant copper discovery in a highly prospective but underexplored belt. Zeus enhances NevGold’s exposure to critical minerals and provides optionality in the copper sector – particularly relevant given tightening global copper supply and increasing US strategic interest in domestic copper sources.
Management Team
Brandon Bonifacio – President, CEO and Director
Brandon Bonifacio is a mining executive with over a decade of experience in project development and M&A. Previously served as finance director of the Norte Abierto JV (Cerro Casale/Caspiche) for Goldcorp (now Newmont), and a senior member of Goldcorp’s Corporate Development group. He holds an MASc in mining engineering and MBA from the University of Nevada, Reno.
Greg French – VP Exploration and Director
Greg French is a professional geologist with over 35 years of exploration and development experience in the US and Canada. He has held leadership roles in Nevada Copper, Homestake and Atlas Precious Metals, and has guided multiple projects through feasibility and into production.
Bob McKnight – EVP, CFO and Corporate Development
Bob Knight is a professional engineer with an MBA and more than 40 years of mining experience. He was involved in over $1.5 billion in debt, equity and M&A deals. Knight brings strategic and financial depth to NevGold’s growth trajectory.
Gold Price, Markets Trade Flat After US Strikes on Iran
The attacks mark the first time the US has used its 30,000 pound Massive Ordnance Penetrator in a combat role.
Prior to the strikes, the US had been working for several months to create a new nuclear deal with Iran.
President Donald Trump had given a deadline for the end of May, and had previously stated that if the Iranian regime did not give up its nuclear ambitions in that timeline, there would be “all hell to pay.”
Iran has retaliated against US bases in the Middle East, with US defense officials confirming an attack at the Al Udeid Air Base in Qatar on Monday (June 23). The base is the headquarters for US Central Command in the region.
In 2020, Iran carried out a similar retaliatory attack against a US base in Iraq following the assassination of Qasem Soleimani, who was head of the Quds Force, a special operations unit of the Islamic Revolutionary Guard.
The US received a warning prior to that attack, and no personnel were killed. The parties used the incident to de-escalate tensions in the region. It’s unclear whether this latest strike by Iran was intended to produce the same results.
Iran is currently considering blocking the Strait of Hormuz, a crucial shipping route for traffic in and out of the Persian Gulf. On Monday, the country's parliament approved a motion to close the strait; however, implementation would require approval from Iran's national security council, and experts suggest such a move would hurt more than help Iran.
If approved, the closure could send ripples through global oil markets, with some analysts predicting Brent crude could surge to over US$110 per barrel. A prolonged closure could also exert significant inflationary pressures.
Commodities and markets stay calm
Market reactions to the weekend's attacks have largely been muted.
Brent crude was down 6.5 percent by 3:00 p.m. EDT on Monday, trading at US$70.68. The gold price put on a relatively flat performance, breaching US$3,390 per ounce, but pulling back to the US$3,370 level.
The silver price was also unchanged, gaining just 0.07 percent to US$36.31 per ounce.
Gold price, June 23, 2025.
Chart via the Investing News Network.
US equities saw moderate gains, with the S&P 500 (INDEXSP:INX) climbing 0.8 percent to 6,014.6, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 0.88 percent to 21,817.35 and the Dow Jones Industrial Average (INDEXDJX:.DJI) gaining 0.75 percent to 42,519.63.
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Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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