New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.3m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (CA$19.5m market cap, or US$14.4m). Announcement • Apr 23
Finlay Minerals Ltd., Annual General Meeting, Jun 19, 2026 Finlay Minerals Ltd., Annual General Meeting, Jun 19, 2026. Location: british columbia, vancouver Canada Announcement • Feb 25
Finlay Minerals Ltd. Advances Multiple Targets to Drill-Ready on Its PIL Property Finlay Minerals Ltd. announced that the 2025 exploration results from the PIL property have identified several drill-ready targets and new porphyry targets warranting further investigation. The property is strategically positioned within a significant porphyry corridor located in the Toodoggone district and is currently subject to an Earn-In Agreement with Freeport-McMoRan Mineral Properties Canada Inc. Highlights from the 2025 Exploration Program include: Defined a buried 2,000-meter x 1,200-meter chargeability anomaly at the Reef porphyry gold + copper target - drill ready. Expanded the PIL South copper + gold porphyry target chargeability anomaly to 1,200 m x 2,300 m - drill ready. Defined a large chargeability and resistivity anomaly below the Gold porphyry target - drill ready. identified a moderate chargeability halo below the large copper + gold + molybdenum soil geochemical anomaly at Copper Ridge. Mapping at the Spruce area has further advanced its potential for a significant discovery. Generated new regional targets from the 2025 Airborne Magnetic and large-scale geochemical sampling surveys. The 2025 exploration program targeted the Reef, PIL South, Gold, Copper Ridge, Zeus, and Spruce areas of the PIL. Fieldwork in 2025 identified key characteristics in the Reef area that are commonly found directly above mineralized porphyry centers. The 2025 surface mapping at Reef shows alteration characteristic of a lithocap which is a large alteration zone often found above gold + copper porphyry systems. An Induced Polarization ("IP") survey defined a 2,000 meters by 1,200 meters chargeability high and resistivity high anomaly that ranges between 200 m to 425 m below surface This IP anomaly appears to trend west-southwest towards Freeport and Amarc Resources' drill hole JP25120, which intersected 33 meters assaying 0.58 g/t Au, 0.22% Cu, and 5.4 g/t Ag from a depth of 564 meters, with the hole bottoming in mineralization. JP215120 lies 200 meters south of the PIL. Drilling in 2024 intersected porphyry mineralization but did not reach sufficient depth or effectively target the area. Historic drill holes failed to test the depths necessary for mineralization. Gold - The Gold target is on the eastern side of the Saunders Fault, and in a similar setting to that seen at AuRORA and Reef. Airborne Magnetics data also indicates a northwest-trending structure that may act as a dilation zone between the Black and Pillar Faults, favourable for porphyry intrusions. Planning for the 2026 exploration season is underway. The Company plans to drill test the Reef target, following up on the 2025 mapping and IP results. Geological mapping and IP surveys will be conducted at Gold, Copper Ridge, and Spruce to refine drill targets, and regional mapping and soil sampling will be conducted at other sites. 
