FireFly has agreed to sell its Ontario Gold Assets, including interests in the Pickle Crow Project and Sioux Lookout Project, to Bellavista Resources Ltd for a total scrip consideration of up to A$86.1m. FireFly will receive upfront consideration of 60 million Bellavista shares and contingent consideration of 50 million Bellavista performance rights. The transaction is expected to be completed in early April 2026, subject to shareholder approval. FireFly expects shareholders to potentially own up to 40% of Bellavista and retain upside exposure to the Ontario Gold Assets. Bellavista intends to raise A$25m to drive resource growth and exploration programs. The deal is considered a win-win for all parties involved.

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