Core Viewpoint - FireFly Metals Ltd has successfully completed an equity raising and share purchase plan (SPP), resulting in a cash balance of approximately A$246.9 million to support its drilling strategy and mining studies at the Green Bay Copper-Gold Project [1][33]. Group 1: Share Purchase Plan (SPP) Details - The SPP was increased to A$10 million due to strong demand, with applications totaling approximately A$31 million, significantly exceeding the initial target of A$5 million [2][3]. - A total of 5,826 eligible shareholders were invited to participate, with a participation rate of approximately 27%, and an average application amount of around A$19,383 [3]. - The scale back of applications was implemented to ensure equitable outcomes for shareholders, limiting dilution relative to their holdings [5][8]. Group 2: Equity Raising Overview - The equity raising included an A$85 million institutional placement, a C$34.5 million Canadian bought deal offering, and a charity flow-through placement totaling approximately A$16.4 million [7]. - The proceeds from the equity raising and SPP will primarily be used for resource growth and upgrades at the Green Bay project, as well as for underground development and working capital [3][4]. Group 3: Mineral Resource Estimates - The Green Bay Copper-Gold Project currently hosts a total of 50.4 million tonnes of Measured and Indicated Mineral Resources at a grade of 1.7% copper equivalent, and 29.3 million tonnes of Inferred Mineral Resources at a grade of 1.9% copper equivalent [14][29]. - The project has a clear strategy to rapidly grow its mineral resource to establish a globally significant copper-gold asset [14]. Group 4: Future Strategy - The company aims to maximize the potential at Green Bay through aggressive resource growth and economic studies in 2026 [5]. - The strong demand for the SPP reflects the company's commitment to its retail shareholders and its strategy to create value using nine drilling rigs [4].

Green Bay Project Resource Update - The Green Bay Project has an upgraded resource of 50.4 million tonnes @ 2.0% CuEq for 863kt Cu and 546koz Au in M&I[3] - The Green Bay Project has 29.3 million tonnes @ 2.5% CuEq for 566kt Cu and 563koz Au in Inferred[3] - The Green Bay Project has an exceptional high-grade core zone of 8.8 million tonnes @ 3.9% CuEq (346kt CuEq) in M&I and 10.9 million tonnes @ 3.8% CuEq (414kt CuEq) Inferred[3] - Since acquisition (2 years) the M&I category at Ming has grown 121% (from 21.5Mt to 47.5Mt) now making up 67% of the Ming MRE[43] - The Ming Mine has M&I Resource of 48Mt @ 2.0% CuEq and Inf Resource of 23Mt @ 2.6% CuEq[48] Financing and Development - A$139.5 million Equity Raise To Drive Growth and Development[33] - The company has A$244.5 million Pro-Forma Cash Balance[32] - The company is planning upscaled mine production & engineering studies well underway, scheduled for 1st half CY2026[80] - The company received environmental approval for start-up operation[80] Exploration and Regional Potential - The company has 3 x surface drill rigs targeting regional discovery; extensive geophysical surveys to continue[80] - The company identified 325x Geophysical targets for testing[65] - Initial Regional Drilling Intercepts High Grade at Rambler Main with 10.0m @ 6.4% CuEq and 12.9m @ 4.3% CuEq[68]

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Core Viewpoint - Paladin Energy Ltd has successfully completed a fully underwritten equity raising totaling A$300 million to support the advancement of its Patterson Lake South Project and the ramp-up of operations at the Langer Heinrich Mine [1][8]. Equity Raising Details - The equity raising consists of three components: an ASX institutional placement raising approximately A$231 million, a TSX bought deal private placement raising C$30 million (approximately A$33 million), and a Treasury Share Sale raising approximately A$36 million [1][8]. - The ASX Placement involves the issuance of approximately 31.9 million new shares at A$7.25 per share [8]. - The TSX Bought Deal includes approximately 4.5 million new shares priced at C$6.66 per share [8]. - The Treasury Share Sale consists of approximately 5.0 million shares priced at A$7.25 per share [8]. Future Plans - The company plans to undertake a non-underwritten Share Purchase Plan (SPP) to raise up to A$20 million at the same price as the ASX Placement and Treasury Share Sale [2][10]. - Proceeds from the equity raising will primarily be used to advance the Patterson Lake South Project towards a final investment decision (FID) while also supporting the ongoing ramp-up of the Langer Heinrich Mine, which is expected to be completed by the end of FY2026 [4][8]. Timetable - Key dates include the settlement of the ASX Placement, TSX Bought Deal, and Treasury Share Sale expected on 22 September 2025, with new shares to be allotted on 23 September 2025 [5][6][12]. - The SPP offer documents are expected to be dispatched on 25 September 2025, with the SPP closing date set for 9 October 2025 [10][12].

PLS Project & Equity Raising Overview - Paladin is undertaking an equity raising to advance the Patterson Lake South Project (PLS Project) towards a Final Investment Decision (FID) [45] - The equity raising aims to provide balance sheet flexibility alongside the ongoing ramp-up of operations at the Langer Heinrich Mine [45] - The equity raise is for A$300 million, including an ASX placement of A$231 million, a Canadian bought deal of C$30 million (~A$33 million), and a sale of ~A$36 million of existing Paladin shares [48] - A Share Purchase Plan (SPP) will invite eligible shareholders to participate, aiming to raise up to an additional A$20 million [48] - The offer price is A$725 per share, representing an 80% discount to the last close and an 81% discount to the 5-day VWAP on 15 September 2025 [48] Use of Funds - Proceeds will be used for PLS Project FEED completion in 2026, detailed design work, early site works, long-lead items, general administration, exploration drilling, and working capital [48] - A$170 million is allocated for PLS Project development, A$20 million for planned FY2026 exploration, and A$100 million for working capital and future exploration [79] PLS Project Highlights - The PLS Project has a Probable Mineral Reserve of 937 Mlb U3O8 at 141% [50] - The project targets an average annual production of ~9Mlb U3O8 over a 10-year mine life [50] - The project has a post-tax NPV of US$1325 million and a post-tax IRR of 282% [46] - The forecast total life-of-mine (LOM) free cash flows are US$3023 million [47] - Pre-production capital cost is forecast at US$1226M, with operating cash costs at US$117/lb over LOM [52] Uranium Market Outlook - The uranium market outlook is strong, driven by increasing nuclear energy demand for global energy security and electrification [43] - Global utilities are increasingly securing uranium supply from Western-facing jurisdictions [44] - There is a structural uranium supply-demand deficit due to under-investment [44]

Core Viewpoint - Paladin Energy Ltd has announced a fully underwritten equity raising totaling A$300 million to advance the Patterson Lake South project towards a Final Investment Decision (FID) [1][2][3] Group 1: Equity Raising Details - The equity raising consists of three components: an ASX institutional placement of A$231 million, a TSX bought deal private placement of C$30 million (~A$33 million), and a Treasury Share Sale of approximately A$36 million [1][3][10] - Eligible shareholders will have the opportunity to participate in a non-underwritten Share Purchase Plan (SPP) to raise up to A$20 million at the same price as the ASX Placement and Treasury Share Sale [2][13] - The Offer Price for the new Shares is set at A$7.25, representing an 8.0% discount to the last close of A$7.88 on the ASX [3][12] Group 2: Use of Proceeds - Proceeds from the equity raising will primarily be used for the completion of the Front-End Engineering and Design (FEED) work for the PLS Project, detailed design work, early site works, and general administration costs [2][3][6] - Funds will also support infill and exploration drilling at the PLS Project and the Langer Heinrich Mine (LHM), as well as provide balance sheet flexibility for further exploration [3][6] Group 3: Project Development and Market Outlook - The PLS Project is recognized as a world-class uranium development asset with strong technical fundamentals and compelling economics, positioning the company to capitalize on the positive outlook for the uranium market [5][6] - The company aims for the first uranium production from the PLS Project by 2031, with the ramp-up of operations at the LHM expected to be completed by the end of FY2026 [6][5]

Core Viewpoint - FireFly Metals Ltd has doubled its share purchase plan (SPP) to A$10 million due to strong demand from retail shareholders, reflecting the company's commitment to its investor base [1][2][6]. Group 1: Share Purchase Plan (SPP) Details - The SPP applications totaled approximately A$28.2 million, significantly exceeding the original target of A$5 million [2]. - The SPP was open to 5,365 eligible shareholders, with a participation rate of approximately 31% and an average application amount of around A$16,800 [3]. - A total of 10,416,666 new fully paid ordinary shares will be issued under the SPP, expected to trade from July 15, 2025 [12]. Group 2: Equity Raising and Use of Proceeds - The SPP is part of a larger equity raising effort totaling approximately A$98.1 million, which includes a charity flow-through placement, an institutional placement, and a Canadian offering [5][8]. - Proceeds from the equity raising and SPP will primarily be used for the growth and upgrading of the mineral resource at the Green Bay Copper Gold Project, as well as for underground development, pre-construction works, mining studies, and working capital [5]. Group 3: Company Strategy and Future Plans - FireFly plans to add an eighth drill rig to its program at the Green Bay project to expedite the exploration of near-mine opportunities and regional targets [9]. - The company aims to generate strong results and news flow as it continues to push for maximum shareholder value [9]. Group 4: Mineral Resource Estimates - The Green Bay Copper-Gold Project currently hosts a mineral resource of 24.4 million tonnes of measured and indicated resources at 1.9% copper equivalent, and 34.6 million tonnes of inferred resources at 2.0% copper equivalent [13][27]. - The company has commenced a 130,000-meter diamond drilling program to rapidly grow its copper-gold mineral resource [13].