• Placement to raise A$6 million from leading institutions and existing shareholders
• Proceeds to be used for establishing an Australian R&D facility and advancing operations in China
• Exceptionally strong demand recognizes Firebird's ore-to-cathode platform and proprietary co-synthesis technology

Australian-owned Firebird Metals Limited (ASX: FRB) has completed a strongly supported placement to raise A$6 million at A$0.15 per share, including leading funds and institutions, and director participation for A$585,000 (subject to shareholder approval). The proceeds will be used to establish Firebird's planned Australian R&D facility, advance Chinese operations, continue development of its Australia assets, and for general working capital. These investments support Firebird's integrated ore-to-cathode platform and scale-up of its proprietary manganese battery-materials technology. The placement was driven by strong demand from new and existing tier-one institutions, with the company noting that the exceptionally strong demand recognizes Firebird's ore-to-cathode platform and proprietary co-synthesis technology, and reflects growing conviction in LMFP and LMR adoption driven demand. Firebird Managing Director, Mr Peter Allen, commented that the depth and quality of demand, anchored by leading institutions, provides clear validation of the company's technology platform and near-term execution plan, and that the funding will allow them to accelerate their plans for an Australian lab and continue momentum in China, positioning Firebird to capture the growth they are seeing in LMFP today and LMR over the medium term.

With demand in China growing exponentially and the global LMFP market forecast to exceed US$20 billion annually by 2030, Firebird remains the only Western company producing LMFP through co-synthesis with HPMSM in solution - a patented process that delivers high quality at low cost.