• Completed C$28.4M (~A$32M) bought deal offering of 33M shares at C$0.86/share
• Part of wider A$70.1M (~C$62.3M) equity raising including charity flow-through and institutional placement
• Proceeds to advance high-grade Green Bay Copper-Gold Project in Newfoundland, Canada

FireFly Metals Ltd (ASX: FFM, TSX: FFM) has completed the sale of 33,000,000 ordinary shares at a price of C$0.86 per share, pursuant to a bought deal offering previously announced, for gross proceeds of C$28.4 million (~A$32 million). This Canadian Offering was led by BMO Capital Markets as sole underwriter and bookrunner, and included the exercise in full of its over-allotment option. The Canadian Offering is part of a wider equity raising that also comprised a ~A$11.2 million (~C$10.0 million) charity flow-through placement to Canadian investors and a ~A$54.9 million two-tranche institutional placement. The completed aspects of the Equity Raising have raised gross proceeds of ~A$70.1 million (~C$62.3 million) before costs. The final remaining step is the issue of the second tranche of the Institutional Placement Shares, expected in August 2025. In addition, the Company is offering a Share Purchase Plan to eligible shareholders to raise up to A$5.0 million. The proceeds from the Equity Raising will be used to advance FireFly's high-grade Green Bay Copper-Gold Project in Newfoundland, Canada, which currently hosts a Mineral Resource of 24.4Mt of Measured and Indicated Resources at 1.9% CuEq and 34.5Mt of Inferred Resources at 2% CuEq.

The proceeds from the Equity Raising will be used to advance FireFly's high-grade Green Bay Copper-Gold Project in Newfoundland, Canada, including a 130,000m diamond drilling program to rapidly grow the copper-gold Mineral Resource.