FireFly Metals secures C$30M in share offering to advance copper-gold projects
FireFly Metals Ltd has filed a final short form prospectus for a bought deal offering. The company, listed on the ASX and TSX under the ticker FFM, focuses on advancing its copper-gold projects in Canada and Australia. The offering includes 19,230,770 ordinary shares priced at C$1.56 each, with an additional over-allotment option for 2,884,615 shares at the same price.
The company’s flagship project is the Green Bay Copper-Gold Project in Newfoundland, Canada. This site holds a measured and indicated resource of 50.4 million tonnes at 2.0% copper equivalent, alongside an inferred resource of 29.3 million tonnes at 2.5% copper equivalent. FireFly also maintains a 70% stake in Ontario’s Pickle Crow Gold Project, which contains an inferred resource of 11.9 million tonnes at 7.2g/t for 2.8 million ounces of gold.
The proceeds from the share offering will support FireFly Metals’ ongoing development of its key projects. The company continues to expand its portfolio across copper, gold, and critical minerals in Canada and Australia. Closing of the offering remains subject to final regulatory approvals.
