Finex Metals completes $1.67-million private placement

Mr. Tero Kosonen reports FINEX METALS COMPLETES OVERSUBSCRIBED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $1,671,600 Further to Finex Metals Ltd.'s news release on Feb. 26, 2026, the company has completed an oversubscribed non-brokered private placement of 13.93 million units of the company at an issue price of 12 cents per unit to raise gross proceeds of $1,671,600. Each unit comprised one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of 18 cents for a term of 24 months. The company intends to use the net proceeds from the offering for exploration of its 100-per-cent-owned gold, nickel and PGE (platinum group elements) projects in northern Finland, including follow-up work at the Ruoppa and Kero projects, and for general working capital. Insiders of the company purchased a total of 730,265 units. The participation by insiders in the offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the securities issued to insiders under the offering does not exceed 25 per cent of the company's market capitalization. Cash finders' fees of $55,560 and 463,000 finder warrants exercisable at 18 cents per common share for a 24-month term were paid on a portion of the offering. All securities issued are restricted from trading until July 21, 2026. About Finex Metals Ltd. Finex Metals is a gold-, nickel- and PGE-focused mineral exploration company advancing a portfolio of 100-per-cent-owned, royalty-free projects in northern Finland, strategically located in the Central Lapland and Eastern Lapland greenstone belts. The company's projects are situated near existing mining operations and benefit from excellent infrastructure, a stable regulatory environment and a proven exploration model in one of Europe's most prospective and underexplored regions. Finex Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. We seek Safe Harbor.