FireFly Metals Ltd has entered into an agreement with BMO Nesbitt Burns Inc. for a bought deal offering of 19,230,770 ordinary shares at C$1.56 per share, raising approximately C$30 million. Additionally, the company will raise approximately A$101.5 million through an Australian offering with Canaccord Genuity. The proceeds will primarily fund development, technical studies, drilling, exploration, and administrative costs. The offerings are expected to close in December 2025 and are subject to regulatory approvals. FireFly Metals is focused on advancing the Green Bay Copper-Gold Project in Newfoundland, Canada, which hosts significant mineral resources. Metal equivalents were calculated based on specific prices and recovery rates.

Read more at GlobeNewswire: Firefly Metals Ltd Announces C$30 (~A$33) Million Canadian