Categories: Precious Metals
Topics: Gold Stocks

FinEx Metals (TSX-V: FINX)(OTC: FNXMF) CEO Tero Kosonen on Drill Results, Assays Pending & Catalysts for 2026

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the chairman of FinEx Metals (TSX-V: FINX)(OTC: FNXMF), Mr. Tero Kosonen. Tero, how are you today?

Tero Kosonen: Very good, thanks, Gerardo. Thanks for having me.

Gerardo Del Real: Well listen, thanks for coming on. Let's get right into it. We like to be direct around here. We have gold at $4,200, we have silver at $58. You are exploring in a top-notch tier 1 jurisdiction and you had some results, some initial results from the first five holes that were eagerly anticipated. The market didn't like the initial results. You and I both know that exploration sometimes isn't as clear cut as drilling five holes and then outlining a deposit right away. It's not the way it usually works. But I would love to get your thoughts on the first five holes, what you learned from those first five holes. And then of course we have assays pending and a rich, rich system. So I'll let you provide the context there.

Tero Kosonen: Absolutely. Thank you. So yeah, as you mentioned, exploration requires persistence, right? I don't think we can judge the projects by the first five holes, which actually only represent about 200 meters of the, so far, the gold that almost trend about 2,700 meters that we had identified by previous work and all our work. So really I think this is the very beginning of the first inning in this game. And as you mentioned, we received about one third of the assays so far from the first set of the maiden drill program that we completed in May, September, and that's only about 800 meters out of the total of 2,500 meters of maiden drill program. So we did hit gold, it's about almost 10 meters at 1.2 grams per tonne. Obviously not a Hail Mary. Everybody would want to have that from the very, very first hole, I guess didn't happen, but at least we've proven that there's a gold system there.

So obviously very, very first data program. So we vastly improving our understanding of the system itself, our guys in the technical team and doing the hard work with the geological interpretation based on the first five holes already. And then of course we just need to improve our understanding about the structure, the controls and the orientation, all that very, very important stuff when it comes to mineral exploration. So once again, I mean we've got still two thirds or 68% of all the assays pending. So saying that we are very, very early, early even in this program.

Gerardo Del Real: No, well look, we're clearly, clearly in a metals bull market, especially in the precious metals space, you could say the same for copper. You could say the same for a lot of the metals, but I have been preaching to subscribers of mine on the publishing side, on the newsletter side, that there's a lot of stocks that have run and rightfully so. They were really, really undervalued. But it's so important right now to find value in the space and with the technical team, with the jurisdiction, with the land package, with everything else that you have going on, including assays pending, an $11.6 million market cap in this market seems extremely attractive to me. Tell me why there is a lot of value with an $11.6 million market cap if a shareholder is looking at FinEx and considering initiating or topping off a position.

Tero Kosonen: Absolutely, yeah. Well, my background, I'm an investor, so I've been suffering in this industry for the past 15 years, like many of us. Now, it seems to be looking much, much brighter than it used to look even a year ago or nine months ago. Really clearly expecting a fantastic 2026 for all of us who are investing in any junior gold exploration company. FinEx per se, as you mentioned, is a $12 million market cap and to understand, yeah, we operate in the very, very favorable jurisdiction. Finland was ranked number one by Fraser Institute for the mining and exploration attractiveness, but we got a fantastic address within that country. So we are the Greenstone belt, the same shear zone as Europe's largest gold-producing mine, Agnico Eagle's Kittilä Mine. So we've got a fantastic address in a great jurisdiction.

So that itself is awesome for us. Our property, we about tripled our property package within last year, so it's most of its value under export or even on export. So there's much, much bigger potential in there. We identified new targets within that project already, although we’re still focusing on our work by key priority target and keep on drilling there and planning for the phase 2. Our capital structure is very tight, running 60 million shares outstanding. It's tightly held by insiders. I think insiders have about 39% of the company. And again, it's a very, very tiny little market cap, especially after last week. And then last but not least, it’s always about the people. So we have a very, very strong technical team locally. They have boots on the ground, they speak the language, they know the culture, they know the stakeholders, the trade partnership with one of the best trading companies I think in the world, or at least in that part of the world.

So there's lots and lots of positives there. So nothing has actually changed. The fundamentals remain intact and strong. And then on the other hand, yeah, there's going to be news flow, there's going to be plenty of activity, drilling probably to the second quarter of next year, at least first half of next year. We've got three other 100% owned royalty-free gold projects in Finland, which one of them will be, we'll get the exploration license most likely during the second quarter, potentially we’ll be drill ready by next summer.

And then last but not least, we also have these critical raw material projects in the eastern part of Lapland. As you and as you know, European Union has these critical raw materials act and they definitely want to encourage the European nations to start exploring as well as at some point, producing the critical raw materials, which they're so dependent on the rest of the world. So we've got some excellent projects there. Again, 100% owned, royalty free. And then as a NewQuest capital group company, we are always looking for potential partners and believe in this kind of hybrid model where some of the projects are 100% owned by us and then some of them we option or do an agreement with a partner.

Gerardo Del Real: It's a lot of shots on goal. We have the market for it. Tero, anything to add to that?

Tero Kosonen: Not really. I think it is going to be exciting. We are waiting for the final assays. Two-thirds are still pending to be coming any day, any week from now on, and I think within early next month we should touch base again and we'll probably be able to release the results by then.

Gerardo Del Real: Thank you so much. Looking forward to getting you back on here. Looking forward to the next set of results and really looking forward to 2026. Thank you.

Tero Kosonen: Thank you so much.

Gerardo Del Real: All right. Cheers.

Tero Kosonen: All right.

Gerardo Del Real: Bye.

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