• Completed A$85M institutional placement, C$34.5M Canadian bought deal offering, and ~A$16.4M charity flow-through placement
• Received gross proceeds of ~A$139M (~C$127.3M) before costs
• Company's pro-forma cash balance before transaction costs is A$236.9M

FireFly Metals Ltd (ASX: FFM, TSX: FFM) has completed an equity raising of approximately A$139 million (~C$127.3 million), comprising an A$85.0 million (~C$77.8 million) institutional placement, a C$34.5 million (~A$37.7 million) Canadian bought deal offering, and a ~A$16.4 million (C$15.0 million) charity flow-through placement to Canadian investors. The company has now received the gross proceeds of the Equity Raising before costs, and its pro-forma cash balance before transaction costs is A$236.9 million. The Canadian Offering was underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, and Canaccord Genuity Corp. In addition to the Equity Raising, the company is offering a Share Purchase Plan to eligible shareholders to raise up to A$5.0 million, which has been oversubscribed and closed early. The funds raised will be used to advance the company's key projects, including the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada.

The company has a clear strategy to rapidly grow the copper-gold mineral resource at the Green Bay Copper-Gold Project to demonstrate a globally significant copper-gold asset. The funds raised will be used to advance the company's key projects and support its growth plans.