Finlay Minerals

Investor Insight

With a strategic foothold in one of British Columbia’s most prospective mining belts, Finlay Minerals is an emerging copper-gold-silver exploration company with a compelling investment story, backed by a 30-year technical legacy and disciplined approach to discovery.

Overview

Finlay Minerals (TSXV:FYL,OTCQB:FYMNF) is a Vancouver-based mineral exploration company focused on advancing copper, gold and silver projects in British Columbia’s premier mining districts, particularly within the richly mineralized and productive Stikine Terrane. The company’s strategic objective is to discover and develop high-quality porphyry and epithermal deposits through a combination of geological expertise, partner-funded programs, and disciplined capital deployment.

Finlay’s value proposition is anchored in its 2025 agreements with Freeport-McMoRan – one of the world’s largest copper producers – which is actively funding the advancement of the PIL and ATTY projects in the Toodoggone District. These earn-in agreements provide a non-dilutive path to unlock value from Finlay’s flagship assets, while enabling the company to focus internal resources on regional-scale exploration at its SAY, JJB and Silver Hope properties.

In 2025, Finlay completed the exploration programs under its earn-in agreements with Freeport-McMoRan, including airborne magnetics, mapping, soil and talus sampling, and IP surveys across the PIL and ATTY properties. Results are now undergoing integration and will define 2026 drill targets.

The company benefits from a seasoned technical team with regional expertise and a deep understanding of the geologic architecture of British Columbia. New exploration initiatives, such as those along the Driftwood Corridor, position Finlay for new discovery potential across multiple fronts. With metal prices trending higher and a favorable operating environment in Canada, Finlay Minerals offers exposure to copper and gold discoveries in one of the safest and most geologically endowed jurisdictions globally.

Company Highlights

• Strategic Alliance with Freeport-McMoRan: Freeport has committed up to $35 million in exploration spending and $4.1 million in cash payments for an 80 percent interest in Finlay’s PIL and ATTY projects, validating their district-scale potential.
• Dominant Land Position in the Toodoggone District: PIL and ATTY provide direct exposure to one of BC’s most active copper-gold corridors, adjacent to Centerra’s Kemess complex and Freeport-Amarc’s AuRORA discovery.
• Unlocking the Driftwood Corridor: SAY and JJB properties offer large-scale exploration potential in an underexplored region analogous to major discoveries like American Eagle’s NAK and Amarc’s DUKE.
• Disciplined Exploration Focus: All 2025 exploration work at PIL and ATTY was fully funded through the Freeport earn-in agreements. Recent surface work at SAY and JJB has advanced target development for future drilling.
• Proven Leadership Legacy: Founded by renowned geochemist John J. Barakso and led by a technically adept team with deep experience in BC exploration.

Key Projects

PIL

The PIL property, covering 13,374 hectares in the heart of the Toodoggone District, remains Finlay’s most advanced and geologically mature asset. Over three decades, work on the property has defined an extensive system of porphyry copper-gold-molybdenum centers and associated epithermal gold-silver mineralization – now totaling 18 known occurrences. The 2025 exploration program, fully funded under the Freeport-McMoRan earn-in, marked the most comprehensive data acquisition campaign ever completed on PIL. More than 1,500 line-kilometers of airborne magnetics, extensive IP surveys, and a large suite of rock, soil and talus samples were collected to refine drill targets for 2026.

The property is strategically positioned only 730 meters north of Freeport/Amarc’s AuRORA Discovery, where it intersected 266 meters of 1.24 grams per ton (g/t) gold, 0.31 percent copper and 3.42 g/t silver, a compelling indication that the mineralized system extends toward PIL.

Within PIL, several large copper-in-soil anomalies and high-grade rock samples, including values up to 18.4 percent copper, continue to support the presence of a substantial porphyry environment. Historic drilling at PIL South and elsewhere has identified porphyry-style alteration and long intercepts of low-grade copper, but much of the property’s geophysical and geochemical signature remains untested at depth, making PIL one of the most prospective under-drilled porphyry systems in the Toodoggone.

ATTY

ATTY occupies 3,875 hectares immediately north of the Kemess Underground and Kemess East deposits, in a position directly along the Kemess North Trend, the structural corridor that hosts multiple porphyry copper-gold systems. Like PIL, ATTY benefited from a fully funded Freeport earn-in program in 2025, during which airborne magnetics, mapping, geochemistry and IP surveys were carried out to advance drill targeting. These surveys helped refine the principal targets, particularly KEM, where a 1,000-metre by 700-meter chargeability anomaly remains open and largely untested below 400 meters depth.

The 2025 field season also emphasized the Wrich area, which lies along a broad copper geochemical and chargeability trend that extends more than 2 km from the SWT target on the neighbouring JOY project and continues onto ATTY for an additional 1.2 km. This continuity suggests a shared mineralized system bridging major Freeport/Amarc ground and Finlay’s claims. ATTY’s geology, alteration and structural setting remain strongly analogous to the upper parts of the Kemess East deposit, and several epithermal and polymetallic targets provide additional exploration vectors for future drilling.

SAY

SAY covers 26,202 hectares along the underexplored Driftwood Corridor, a tectonic belt within the Stikine Terrane that is increasingly recognized as fertile for porphyry copper systems. The project hosts both structurally controlled high-grade copper-silver zones and possible underlying porphyry sources. Work to date highlights the SPUR trend, a 4.3-km structural corridor where dozens of rock samples exceed 1 percent copper and 100 g/t silver. Within this corridor, the AG Zone stands out with an exposed footprint of roughly 200 by 200 meters, and chip sampling in 2024 returned 9.5 meters averaging 0.94 percent copper and 18.1 g/t silver.

Geophysics has revealed a large 4 km by 4 km elliptical magnetic high to the west of SPUR, surrounding a central magnetic low – an arrangement consistent with the upper levels of intrusive centers, suggesting a possible porphyry driver at depth. The SHEL target further strengthens this interpretation with coincident copper-molybdenum anomalies and magnetic features. These elements point to SAY as one of the most compelling early-stage copper-silver opportunities within the Bear Lake Corridor.

JJB

Located just north of SAY, the fully owned 15,453-hectare JJB property is a true greenfields copper-gold-silver exploration opportunity. Despite limited historical work, JJB shares the same broad tectonic setting as SAY, and lies within the same corridor that hosts American Eagle’s NAK discovery and Amarc/Boliden’s DUKE porphyry system farther south. Early reconnaissance sampling and airborne geophysics from 2024 to 2025 have begun identifying structural trends and geochemical anomalies that will guide the first generation of systematic exploration.

Silver Hope

The Silver Hope property covers 21,322 hectares surrounding the historic Equity Silver mine in the Skeena Arch. This 100 percent owned asset hosts the Main Trend, a >2 km copper-silver-gold mineralized system extending from the Newmont owned, past-producing, Equity Silver mine. Historical drilling (over 41,000 m) has intersected broad mineralized zones, including 282 m @ 0.23 percent copper, 6.4 g/t silver and 0.01 g/t gold. Other notable intercepts include 133 m @ 0.30 percent copper and 7.6 g/t silver. The West Porphyry target adds a large-scale copper-molybdenum opportunity to the mix, and the project is fully permitted for drilling.

Management Team

Ilona B. Lindsay – President, CEO and Director

Ilona Lindsay has over 15 years of experience with Finlay and is the daughter of company co-founder John J. Barakso. She has overseen corporate operations, financings and tenure management. Under her leadership, the company has transitioned toward institutional-grade exploration partnerships while maintaining fiscal discipline. She is also a director of the Barakso family companies.

Robert F. Brown – Executive Chairman

A retired professional engineer with over 40 years of experience in porphyry and epithermal systems, Robert Brown co-founded Finlay and played a critical role in identifying and acquiring its land packages. He previously served as VP exploration for Great Panther Mining and worked with LAC Minerals. His technical vision continues to shape the company’s exploration direction.

Wade Barnes – VP Exploration

Wade Barnes is a P.Geo. and Qualified Person (QP) with over 20 years of geological experience in BC. He was co-recipient of the AMEBC H.H. “Spud” Huestis Award for the discovery of Kemess East deposit in the Toodoggone. At Finlay, he leads technical execution and target development across the portfolio.

Susan Flasha – VP Corporate Development

With over two decades of industry experience, including senior roles at Pretium Resources (Brucejack Mine) and Brixton Metals, Susan Flasha brings strong expertise in project evaluation and strategic growth.

Gord Steblin – Chief Financial Officer

A CPA with over 30 years in mining finance, Gord Steblin ensures sound financial governance and supports Finlay’s budgeting, reporting and fundraising activities. He serves as CFO for several other exploration-stage companies.