FireFly completes Equity Raising

Core Points - FireFly Metals Ltd has successfully completed an equity raising totaling approximately A$139 million (C$127.3 million) before costs, enhancing its cash balance to A$236.9 million before transaction costs [1][32]. - The Canadian Offering, part of the equity raising, was underwritten by a syndicate led by BMO Capital Markets, with RBC Capital Markets and Canaccord Genuity Corp also participating [2][6]. - The underwriters exercised their full 15% over-allotment option, resulting in the issuance of 22,115,385 ordinary shares [3]. - A Share Purchase Plan (SPP) is being offered to eligible shareholders, allowing subscriptions of up to A$30,000 worth of shares at A$1.70 each, aiming to raise up to A$5 million [4][5]. - The SPP received applications significantly exceeding the target amount, leading to an early closure on December 19, 2025 [5]. Equity Raising Details - The equity raising included an institutional placement of A$85 million (C$77.8 million) at A$1.70 per share, completed on December 12, 2025 [7]. - A Canadian bought deal offering raised C$34.5 million (A$37.7 million) at C$1.56 per share, completed on December 17, 2025 [7]. - A charity flow-through placement raised approximately A$16.4 million (C$15 million) at about A$2.09 per share, completed on December 11, 2025 [7]. Mineral Resource Estimates - The Green Bay Copper-Gold Project hosts a total of 50.4 million tonnes of Measured and Indicated Mineral Resources at a grade of 1.7% for 863,000 tonnes of copper equivalent [13][28]. - The Inferred Mineral Resource for the Green Bay Project stands at 29.3 million tonnes at a grade of 1.9% for 566,000 tonnes of copper equivalent [28]. - The Pickle Crow Gold Project has an Inferred Mineral Resource of 11.9 million tonnes at 7.2 g/t for 2.8 million ounces of gold [14]. Government Support - The company acknowledges financial support from the Government of Newfoundland and Labrador through the Junior Exploration Assistance Program for various exploration activities [9].