• Strong demand for the SPP, with applications totalling ~A$31m
• Equity Raising and SPP will provide FireFly with ~A$246.9m in cash
• Funds to drive nine-rig drilling strategy and mining studies at Green Bay

FireFly Metals Ltd (ASX: FFM, TSX: FFM) is pleased to advise that it has doubled the size of its recently-announced share purchase plan (SPP) to A$10 million, in accordance with the terms of the Prospectus released to ASX on 9 December 2025. The decision followed extremely strong demand for the SPP, with applications totalling approximately A$31 million, greatly exceeding the original A$5 million target announced on 2 December 2025. The SPP was open to 5,826 eligible shareholders, and the Company received valid applications from 1,558 eligible shareholders (including custodian level applications), representing a participation rate of approximately 27% and an average application amount of approximately A$19,383. The SPP was undertaken concurrently with the Company's ~A$139 million equity raising. The proceeds of the Equity Raising and SPP will be used primarily to continue growing and upgrading the mineral resource at FireFly's Green Bay Copper Gold Project as well for underground development, pre-construction works, mining studies and working capital. FireFly Managing Director Steve Parsons said the strong demand for the SPP reflects the outstanding upside at Green Bay and the Company's aggressive strategy to continue creating value by using nine rigs.

The successful completion of the Equity Raising and the SPP will see FireFly emerge with ~A$246.9m in cash to drive its nine-rig drilling strategy and mining studies at the Green Bay Copper Gold Project.