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Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

Newswire.ca - Fri May 2, 2025

VANCOUVER, BC, May 2, 2025 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the receipt of TSX Venture Exchange (the "Exchange") conditional acceptance for its previously announced earn-in agreement (the "PIL Earn-In Agreement") with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX) relating to its PIL property ("PIL Property"). The PIL Property consists of 50 mineral claims in the Toodoggone District of northern British Columbia. The Company also entered into an earn-in agreement (the "ATTY Earn-In Agreement") with Freeport relating to its ATTY property (the "ATTY Property", together with the PIL Property, the "Properties"). The ATTY Earn-In Agreement is not subject to Exchange approval, as it qualifies as an "Exempt Transaction" under Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. The PIL and ATTY earn-in agreements are arm's length transactions, and no finder's fees are payable in connection with either earn-in agreement.

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