Finlay Minerals drills 76.57m @ 0.45% copper, 14.6g/t silver, and 0.14g/t gold  in the Gaul Zone on the Silver Hope Property

Finlay Minerals drills 76.57m @ 0.45% copper, 14.6g/t silver, and 0.14g/t gold in the Gaul Zone on the Silver Hope Property

Finlay Minerals Ltd. (TSXV: FYL) (" Finlay " or the " Company ") is pleased to announce the results of its 1,968 metres (m), nine hole, oriented-core drill program completed in November, 2021 on its Silver Hope Property.  The Silver Hope property is located approximately 70 kilometres (km) southeast of Houston, BC and surrounds Newmont Corporation's former Equity Silver Mine.

Aimed at outlining shallow zones of open-pit copper-silver-gold (Cu-Ag-Au) mineralization, the program targeted Gaul, Superstition and Hope mineralized zones along with the Main Trend, which has the potential to host significant Cu-Ag-Au mineralization. The 2021 drill holes span a strike distance of over 1,750 m , within three distinct mineralized zones which are offset and truncated by cross-structures. Specifically, the Gaul Zone hosts significant copper with appreciable silver and gold grades that could be extracted by open pit methods. The Gaul Zone remains open along trend to the south, north, and at depth and has been drill tested for a strike length of 400m and a vertical depth of 100m . Within the Superstition and Hope Zones, the 2021 drilling intersected several narrower mineralized intervals.  However, historical drilling shows the potential for thicker mineralized intercepts at depth, suggesting that the northern zones may have formed higher up in the mineralizing system than in the Gaul. Potential remains to demonstrate continuity between the Superstition and Gaul Zones.

Highlights:

  • All nine holes intersected significant mineralization, however, three drill holes in the Gaul Zone of the Main Trend intersected shallow depth, Cu-Ag-Au mineralization, across appreciable widths, which correlates well with previous Finlay drilling. ( CLICK  HERE to view the drill hole location map of the 2021 and previous Finlay programs).

  • SH21-09 intersected 76.57m (from 80.23m ) grading 0.45% Cu, 14.6g/t Ag, and 0.14g/t Au (0.68% Copper Equivalent (CuEq* ), including 32.07m (from 123.00m ) grading 0.86% Cu, 26.1g/t Ag, and 0.21g/t Au (1.21% CuEq*) . ( CLICK HERE to view the cross section of SH21-09).

  • SH21-08 intersected 133.00m (from 32.00m ) grading 0.30% Cu, 7.6g/t Ag, and 0.03g/t Au (0.41% Cu Eq*) , including 57.23m (from 107.00m ) grading 0.51% Cu, 13.8g/t Ag, and 0.06g/t Au (0.71% CuEq*) .

  • SH21-07 intersected 121.99m (from 21.10m ) grading 0.23% Cu, 5.1g/t Ag, and 0.03g/t Au (0.30% CuEq*) , including 68.40m (from 21.10m ) grading 0.29% Cu, 6.6g/t Ag, and 0.03g/t Au (0.37% CuEq* ).

  • The Hope Zone drilling (3 holes) intersected multiple shallow high-grade Cu-Ag-Au intervals including SH21-01 which intersected 0.70m (from 90.00m ) grading 1.14% Cu, 626.0 g/t Ag and 0.09 g/t Au (6.51% CuEq*) .

  • The Superstition Zone drilling (3 holes) intersected multiple shallow high-grade Cu-Ag-Au intervals including SH21-04 which intersected 0.43m (from 88.17m ) grading 0.32% Cu, 62.8 g/t Ag and 0.21 g/t Au (1.03% CuEq*) .

  • Planning is currently underway for a 2022 drill program on the Equity East, Allin and Gaul Zones.

2021 Drill Results Table :

Hope Zone

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

CuEq
(%)

AgEq
(g/t)

SH12-01

61.50

64.00

2.50

0.03

22.8

0.26

0.00

0.05

0.47

59.4

and

90.00

90.70

0.70

0.09

626.0

1.14

1.18

0.19

6.51

814.8

and

105.00

110.00

5.00

0.05

75.1

0.27

0.09

0.05

0.93

117.0

including

105.00

107.00

2.00

0.03

124.0

0.42

0.06

0.08

1.47

184.1

SH21-02

28.00

35.50

7.50

0.02

4.5

0.14

0.00

0.01

0.19

23.3

and

144.00

144.71

0.71

0.40

14.6

0.00

0.04

0.00

0.37

46.8

SH21-03

81.50

84.00

2.50

0.17

2.1

0.63

0.00

0.00

0.74

93.3

and

98.00

98.70

0.70

0.39

3.1

0.71

0.09

0.49

1.14

142.9

and

106.00

108.00

2.00

0.24

6.0

0.09

0.24

0.22

0.39

49.3

and

127.00

130.55

3.55

0.21

6.6

0.07

0.03

0.19

0.31

39.2

including

129.70

130.55

0.85

0.12

20.1

0.14

0.10

0.77

0.64

79.6

and

204.00

226.40

22.40

0.08

5.5

0.16

0.02

0.10

0.29

36.4

including

206.00

208.00

2.00

0.20

14.4

0.40

0.01

0.05

0.66

82.7

and

270.00

283.00

13.00

0.04

12.8

0.18

0.01

0.04

0.33

41.0

including

275.00

276.00

1.00

0.23

75.3

1.47

0.06

0.03

2.23

279.4

including

277.05

278.29

1.24

0.04

27.4

0.04

0.03

0.28

0.37

47.0

Superstition Zone

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

CuEq
(%)

AgEq
(g/t)

SH21-04

83.00

84.92

1.92

0.16

17.0

0.16

0.03

0.09

0.43

53.4

and

88.17

88.60

0.43

0.21

62.8

0.32

0.25

0.08

1.03

129.1

and

106.50

107.74

1.24

0.04

24.6

0.21

0.09

0.25

0.53

66.9

and

183.20

183.60

0.40

0.41

5.9

0.01

0.25

0.43

0.50

62.1

SH21-05

16.00

18.00

2.00

0.26

2.8

0.22

0.08

1.15

0.78

97.2

and

62.29

64.00

1.71

0.02

0.9

0.39

0.00

0.00

0.41

51.4

and

119.18

127.00

7.82

0.28

31.5

0.25

0.07

0.10

0.72

89.8

and

165.33

167.00

1.67

0.04

27.2

0.32

0.03

0.51

0.73

90.8

and

193.00

195.00

2.00

0.19

9.0

0.07

0.08

3.23

1.27

159.5

and

205.00

206.00

1.00

0.50

40.3

0.22

0.30

0.27

1.00

124.7

SH21-06

6.20

40.00

33.80

0.02

2.1

0.19

0.00

0.03

0.22

28.1

including

6.20

7.53

1.33

0.05

5.1

0.28

0.02

0.44

0.48

60.7

including

8.36

10.00

1.64

0.03

7.9

0.41

0.01

0.03

0.50

62.1

including

26.00

28.00

2.00

0.03

4.3

0.42

0.00

0.00

0.48

59.8

and

59.00

60.00

1.00

0.02

9.0

0.28

0.01

0.03

0.37

46.6

and

98.98

100.32

1.34

0.13

27.5

0.54

0.02

0.05

0.86

107.5

and

110.00

112.00

2.00

0.02

30.5

0.34

0.06

0.08

0.63

79.4

and

131.57

133.00

1.43

0.22

6.4

0.07

0.06

0.55

0.44

54.7

Gaul Zone

Hole ID

From
(m)

To
(m)

Interval
(m)

Au
(g/t)

Ag
(g/t)

Cu
(%)

Pb
(%)

Zn
(%)

CuEq
(%)

AgEq
(g/t)

SH21-07

21.10

143.09

121.99

0.03

5.1

0.23

0.01

0.03

0.30

37.6

including

21.10

89.50

68.40

0.03

6.6

0.29

0.01

0.02

0.37

46.2

including

23.18

24.00

0.82

0.60

180.0

1.35

0.48

0.06

3.27

409.2

including

30.74

32.13

1.39

0.08

12.0

1.76

0.00

0.03

1.91

239.7

including

52.50

53.26

0.76

0.07

19.4

2.46

0.00

0.01

2.66

333.3

including

70.88

89.50

18.62

0.02

8.5

0.34

0.02

0.02

0.44

54.6

including

70.88

71.40

0.52

0.05

86.3

1.90

0.06

0.08

2.66

332.8

including

83.56

84.00

0.44

0.02

60.9

3.75

0.00

0.02

4.26

532.9

including

114.00

143.09

29.09

0.04

3.7

0.21

0.01

0.04

0.28

35.2

SH21-08

32.00

165.00

133.00

0.03

7.6

0.30

0.02

0.08

0.41

51.0

including

40.00

42.00

2.00

0.03

22.8

1.18

0.02

0.07

1.40

175.5

including

51.50

52.50

1.00

0.02

32.9

1.45

0.02

0.07

1.74

218.4

including

54.00

56.00

2.00

0.02

15.2

0.54

0.02

0.05

0.69

86.6

including

92.00

94.00

2.00

0.11

20.4

0.47

0.00

0.00

0.71

88.5

including

107.00

164.23

57.23

0.06

13.8

0.51

0.03

0.16

0.71

89.1

including

129.00

164.23

35.23

0.08

18.0

0.69

0.05

0.19

0.95

119.4

including

160.14

164.23

4.09

0.32

56.8

1.62

0.23

1.01

2.63

328.8

SH21-09

76.00

76.50

0.50

0.20

3.7

0.02

0.09

2.24

0.88

110.1

and

80.23

156.80

76.57

0.14

14.6

0.45

0.03

0.05

0.68

84.6

including

80.23

87.00

6.77

0.42

31.2

0.70

0.08

0.09

1.25

156.7

including

81.85

83.08

1.23

1.88

74.5

1.27

0.25

0.33

3.16

396.0

including

84.28

85.30

1.02

0.20

66.7

1.20

0.16

0.01

1.89

236.7

including

123.00

155.07

32.07

0.21

26.1

0.86

0.05

0.01

1.21

151.5

including

135.00

136.20

1.20

0.25

37.2

1.79

0.03

0.01

2.24

281.1

including

142.99

152.85

9.86

0.47

58.7

1.94

0.10

0.01

2.72

340.9

including

144.71

145.25

0.54

0.16

131.0

7.11

0.03

0.02

8.27

1035.1

including

147.92

148.73

0.81

4.70

28.7

0.52

0.06

0.00

3.62

453.4

including

152.20

152.85

0.65

0.15

260.0

5.69

0.74

0.02

8.02

1004.5

Notes to 2021 Drill Results Table:

  1. The Metal prices used in the CuEq and AgEq calculations are as follows: Gold $1750 /oz, Silver $23.00 /oz, Copper $4.20 /lb, Lead $0.90 /lb and Zinc $1.30 /lb;

  2. The CuEq formula used for calculations is: CuEq % = (Cu % + (Au g/t * $56.2625 ) + (Ag g/t * $0.8038 ) + (Pb % * 19.8414) + (Zn % * $28.6598 ))/ 92.5923;

  3. The AgEq formula used for calculations is: AgEq g/t = (Ag g/t + (Au g/t * $56.2625 ) + (Cu % * $92.5932 ) + (Pb % * 19.8414) + (Zn % * 28.6598))/0.80375;

  4. True widths of the mineralized zones are approximately 80% of the reported intercepts;

  5. Recoveries are assumed to be 100% for the purposes of equivalent calculations.

Mineralization & Lithology:

Mineralization in the Silver Hope's Main Horizon is considered to represent a mesothermal vein deposit of the "Equity Silver" type, to which it lies along strike. Metals are hosted in various sulphide and sulphosalt minerals which occur as breccias structures, shear veins, and as fine fracture-fill and vein stockworks within volcanic and sedimentary stratigraphy of the Cretaceous Skeena Group. Mineralization occurs preferentially within fine-grained tuffaceous units, which appear to be more susceptible to fracturing. The tuffaceous beds dip roughly 25 – 30° to the west within the Gaul Zone but dip more steeply to northern Hope and Superstition Zones. High-grade mineralization is typically semi-massive sulphide brecciation (pyrite - chalcopyrite - tetrahedrite ± -galena ± -sphalerite) that often occurs at sheared margins of later feldspar porphyry and mafic dikes that dip moderately (50- – 70° degrees) to the north-northwest. Brecciation character ranges from sulphide infill of angular quartz vein fragments to strongly foliated internal brecciation of various sulphide phases. Veining and fractures increase closer to the dike contacts and in areas when dikes are closer to each other. Throughout the Main Horizon, veins are typically sulphide-dominant, though quartz ± carbonate – sulphide veins do occur. Veins and sulphide-filled fractures are typically mm- to cm-scale with the occasional massive sulphide veins sometimes with quartz up to 1.5 m wide.

To gain a better understanding of the Main Trend mineralization within the Gaul, Superstition and Hope Zones, select mineralized vein and fracture samples have been sent to Ultra Petrography and Geoscience Inc. for petrographic work. The petrographic work will help in understanding the mineralization present and characteristics which could aid in further exploration and metallurgical studies.

In addition, metallurgical studies on the existing drill core from the Gaul Zone using a test flotation circuit will be undertaken in order to gauge the recoveries of the Cu, Ag, Au, Pb and Zn mineralization in a Cu concentrate.  Understanding the preliminary metallurgical characteristics of the Gaul Zone will help the Company determine the path to advancement of the Silver Hope property.

QA and QC:

All drill core assay results have been monitored through a quality assurance / quality control (QA/QC) program.

The drill core was sawn in half at Finlay Mineral's on-site core logging and processing facility. Half the core was sampled and shipped in sealed and secure bags to the ALS Global laboratory in North Vancouver, BC . Drill core samples were crushed to 70% less than 2mm, rotary split off 250g, and pulverised split to better than 85% passing 75 microns. Drill core samples were analyzed for 33 elements by four acid digestion (HF-HNO3-HClO4 acid digestion, HCl leach) and ICP-AES on a 0.25 gram sample (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit silver assays > 100 ppm were re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit copper, lead and zinc were re-analyzed by four acid digestion and an ICP finish on a 0.4 gram sample.

In addition to the ALS Global laboratory QA/QC protocols, Finlay Minerals implements an internal QA/QC program that includes the insertion of duplicates, standards and blanks into the drill core sample stream accounting for 8% of the total samples in the 2021 drill core.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange. For further information and details please visit the Company's website at www.finlayminerals.com . The Company's properties are:

  • the Silver Hope Property which includes porphyry copper-molybdenum mineralization discovered in 2010, along with three silver-copper mineralized zones, in a contiguous trend with the mined-out deposits of the former Equity Silver Mine (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold;


    Reference: https://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001   ).


    In 2020 and 2021 the Equity East and Allin Zones were defined by geochemistry and geophysics. The Silver Hope Property surrounds the former Equity Silver Mine;

  • the ATTY Property which is contiguous to the north side of the Kemess East deposit and adjacent to the Kemess Underground deposit of Centerra Gold Inc., and

  • the PIL Property, which is adjacent to Sable Resource's Baker Mine, has nine known mineralized zones including the recently discovered and expanded Pillar East gold-silver structural system. The Company is focused on the discovery of copper-gold-molybdenum porphyry systems on the PIL Property.

On behalf of the Board of Directors,

Robert F. Brown , P. Eng.
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Silver Hope Property.  Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE Finlay Minerals Ltd.

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Finlay Minerals

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Advancing strategic copper-gold-silver assets in British Columbia’s prolific Toodoggone District

Finlay Minerals Ltd. reports on its Annual General & Special Meeting

Finlay Minerals Ltd. reports on its Annual General & Special Meeting

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (" Finlay " or the " Company ") reports that all matters set before the Annual General and Special Meeting of Shareholders of the Company held on Friday, June 20, 2025 (the " Meeting ") were approved by the shareholders. An aggregate of 74,155,953 common shares of the Company (" Common Shares ") were voted representing 51.94% of the issued and outstanding Common Shares as at the Record Date of May 16, 2025 .

Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.)

The six nominees for the Board of Directors were elected at the Meeting and they are: John A. Barakso , Robert F. Brown , Alvin W. Jackson , Ilona Barakso Lindsay , David A. Schwartz , and Kristina Walcott .

Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company and the Company's 10% Rolling Stock Option Plan were approved by shareholders.

Subsequent to the Meeting, the Board of Directors also re-appointed the following officers for a further year:

Robert F. Brown

Executive Chairman of the Board

Ilona B. Lindsay

President & Chief Executive Officer

Gord Steblin

Chief Financial Officer

David Schwartz

Corporate Secretary

Wade Barnes

Vice President, Exploration

Susan Flasha

Vice President, Corporate Development.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia : the PIL and ATTY properties in the Toodoggone (13,374 hectares ("ha")), the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag & the JJB Cu Properties (41,655 ha) in the Bear Lake Corridor. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

The PIL and ATTY Properties are fully and sole funded by Freeport-McMoRan through 6-year Earn-In Agreements; the JJB, SAY and Silver Hope 2025 exploration programs are fully funded by Finlay.

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown , P. Eng.
President, Executive Chairman of the Board & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, corporate plans. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs

Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the start of the 2025 exploration programs for its PIL and ATTY Properties within the Toodoggone Mining District of Northern British Columbia .  These programs are fully funded under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"). Under these agreements, Freeport can earn up to an 80% interest in each property by investing $35 million in exploration expenditures and making cash payments of $4.1 million over a period of six years. ( Reference #1 ).

The exploration programs at PIL and ATTY are designed to best outline and prioritize as many targets as possible for drill testing in 2026. The 2025 programs at both PIL and ATTY will consist of the following activities with Finlay acting as Operator:

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Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the " Private Placement "), previously announced on May 26, 2025 and June 4, 2025 consisting in the issuance of: (i) 11,206,088 common shares of the Company issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a " FT Share ") at a price of $0.11 per FT Share, and (ii) 4,400,000 non-flow-through units of the Company (each, a " NFT Unit ") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of $1,672,670 .

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Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that due to strong investor interest it has increased the size of its non-brokered private placement (the " Private Placement "), previously announced on May 26, 2025 to raise up to $1,700,000 . The Private Placement will consist of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a " FT Share ") at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a " NFT Unit ") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,700,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.

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Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF ) ("Finlay" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the " Private Placement ") consisting of the issuance of any combination of: (i) common shares of the Company to be issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a " FT Share ") at a price of $0.11 per FT Share, and (ii) non-flow-through units of the Company (each, a " NFT Unit ") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $1,000,000 . The Private Placement is subject to a minimum offering amount of $500,000 to be raised through any combination of FT Shares and NFT Units.

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Auric Mining (ASX:AWJ)

Munda Gold Mine - Purchase of Mine Camp, Nickel Rights and Water Assets from WIN Metals

Auric Mining Limited (ASX: AWJ) (Auric or the Company) together with WIN Metals Ltd (ASX: WIN) (WIN Metals or WIN) are pleased to announce that the two parties have successfully agreed to the purchase of a package of WIN assets including all nickel and associated minerals rights, water access rights and a fully equipped mining camp all relating to Auric’s Munda Gold Mine.

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Equity Metals

Equity Metals

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Two people shaking hands in office with city skyline view.

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

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Map of Mali with red pin marking a location.

Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

Mali’s military-led government has completed its takeover of the Yatela and Morila gold mines.

Reuters reported on Monday (June 30) that according to the Malian government, control of the Yatela mine in Western Kayes and the Morila mine in Southern Sikasso has officially been transferred to the Society for Research and Exploitation of Mineral Resources of Mali (SEMOS), a newly formed entity in the country.

The Yatela mine was abandoned in 2016 by Sadiola Exploration Company — a joint venture between South Africa’s AngloGold Ashanti (NYSE:AU,JSE:ANG) and Canada’s IAMGOLD (TSX:IMG,NYSE:IAG) — after the operators deemed continued production uneconomic despite leftover reserves.

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