• FireFly raises ~A$95m via a charity flow-through offering, two-tranche institutional placement, and Canadian bought deal financing
• Funds to be used to accelerate exploration at the Green Bay Copper-Gold Project, including a 130,000m drilling program
• Company now has A$135m cash war chest to drive substantial ongoing growth

FireFly Metals Ltd (ASX: FFM, TSX: FFM) has announced a highly successful equity raising which ensures the Company is set for substantial ongoing growth through its Green Bay Copper-Gold Project in Canada. FireFly has received firm commitments to raise up to ~A$95 million (before costs) by the issue of up to approximately 94.7 million fully paid ordinary shares. The raising was completed in three parts: a ~A$11.2m charity flow-through placement to Canadian investors, a ~A$54.9m two-tranche institutional placement, and a ~A$28.8m Canadian bought deal offering. The net proceeds will be primarily used for expenditure at the Green Bay Copper-Gold Project, including underground development, resource extension and infill drilling, regional and near mine exploration, and pre-construction and study works. The Company is also offering shareholders the opportunity to participate in a non-underwritten Share Purchase Plan to raise up to an additional A$5m. FireFly now has a strong A$135m cash position to drive its multi-pronged growth strategy, including a 130,000m diamond drilling program, at the high-quality Green Bay asset.

The Company has a clear strategy to rapidly grow the copper-gold Mineral Resource at Green Bay to demonstrate a globally significant copper-gold asset. FireFly has commenced a 130,000m diamond drilling program to support this goal.