#Canada #Vancouver #Finlay Minerals #SAY Project #Ilona Lindsay

Finlay Minerals Secures Key Funding for Expansion

Finlay Minerals Ltd., trading on the TSXV under the symbol FYL and on the OTCQB as FYMNF, has recently made headlines by securing $200,000 through the exercise of 2,000,000 warrants. This significant move was facilitated by insider Ilona Barakso Lindsay, who opted to liquidate her warrants, which were initially obtained in a private placement in 2023. With the warrants exercised at a price substantially higher than today's market value, this influx of capital speaks volumes about Lindsay's confidence in the company’s future and its ongoing exploration efforts, even in the face of challenging market conditions.

The exercised warrants, priced at $0.10 each, are valid until May 29, 2025. Ms. Lindsay has made it clear that she acquired these securities with long-term investment goals in mind, and she retains the option to exercise the remaining pieces of her warrant series as she sees fit.

Commitment to Shareholder Value

In a recent statement, Ms. Lindsay expressed her satisfaction with the support shown for Finlay despite a challenging economic backdrop. She remarked on the company’s exploration success on the SAY Project, highlighting its commitment to creating value for shareholders. In 2024, Finlay conducted a Controlled Source Audio-frequency Magnetotellurics (CSAMT) survey on the Silver Hope Property, underscoring its potential to expand the known mineralized zones and identifying new drill targets. The positive feedback from this survey reinforced expectations of continued growth and opportunity within their exploration portfolio.

The recent drilling program on the SAY Project has yielded promising results, discovering the AG Zone, a significant area of interest measuring 200 meters by 200 meters. During testing, chip samples revealed valuable mineralization, boasting findings of 0.94% Cu and 18.1 g/t Ag over a section and 0.85% Cu and 35.3 g/t Ag over another. Notably, the AG Zone remains open for further exploration to the west and south, signaling a considerable opportunity for the company to expand its resources further.

Strategic Expansion

In light of these compelling results, Finlay Minerals has expanded its holdings, staking an additional 4,665 hectares, which represents a 44% increase in property size. Looking forward, the company is embarking on an expansive exploration campaign set for 2025 aimed at not only augmenting the newly discovered AG Zone but also identifying the mineralization's source and assessing Cu-Ag mineralization along the 4.3 km SPUR Trend.

As a leader in exploring base and precious metals, Finlay owns and operates four properties across northern British Columbia. In addition to the SAY Project, these properties include two significant holdings in the Toodoggone region and the Silver Hope Property, which envelops the historically prolific Equity Silver Mine.

Wade Barnes, the Vice President of Exploration and a qualified person under National Instrument 43-101, has verified the technical data surrounding these exciting developments. Underlining the potential for growth and exploration, Finlay Minerals continues its momentum in the mining sector.

In summary, the recent activity illustrates not only the financial backing Finlay has from key insiders but also underlines the company's strategic direction in a fluctuating market. With ongoing exploration, there is a palpable sense of optimism for investor returns and exploration success as Finlay advances into 2025 with robust plans and renewed vigor.