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FINWIRES

FireFly Metals Gets Commitments for A$180 Million Equity Raising

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FireFly Metals (FFM.TO) has received firm commitments for a A$180 million equity raising to support project development and exploration, the company said Tuesday.

The company will issue about 101.1 million new fully paid ordinary shares at a price of A$1.78 per new share.

The funds will be used to advance its Green Bay Copper-Gold Project, including early project works, a feasibility study for a 1.8 million tonnes per annum base case scenario and a pre-feasibility study on the larger 4.6 Mtpa alternative scenario. A final investment decision is expected by mid-2027.

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