FireFly completes Equity Raising

About this update from Firefly Metals Ltd

[{"type":"image","alt":"FireFly Metals Limited","displaySize":"","headline":null,"caption":"FireFly Metals Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":84,"url":"https://media.zenfs.com/en/globenewswire.com/8ed1c3c32f92c55bf47bfac224d3935a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EB9aF9RAtAG_Mfy60jt99Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8ed1c3c32f92c55bf47bfac224d3935a","width":300,"height":84}},"lazy":false},{"type":"text","content":"Gross proceeds before costs equal ~A$139M (~C$127.3M)","length":53,"tagName":"p"},{"type":"text","content":"Not for distribution to United States wire services or dissemination in the U.S.","length":80,"tagName":"p"},{"type":"text","content":"TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- FireFly Metals Ltd (ASX: FFM, TSX: FFM) (FireFly or the Company) is pleased to announce that it has completed the equity raising announced on 2 and 4 December 2025 and comprising the following (Equity Raising):","length":253,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A$85.0 million (~C$77.8 million)1 institutional placement at a price of A$1.70 per share (Institutional Placement), which completed on 12 December 2025;","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"C$34.5 million (~A$37.7 million)1 Canadian bought deal offering at a price of C$1.56 per share (Canadian Offering), which completed on 17 December 2025; and","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"~A$16.4 million (C$15.0 million)2 charity flow-through placement to Canadian investors priced at approximately A$2.09 per share (Charity Flow-Through Placement), which completed on 11 December 2025.","length":198,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":506,"olType":false},{"type":"text","content":"The Company has now received gross proceeds of the Equity Raising of ~A$139 million (~C$127.3 million)1, before costs. The Company’s pro-forma cash balance before transaction costs is A$236.9 million3.","length":201,"tagName":"p"},{"type":"text","content":"Canadian Offering","length":17,"tagName":"p"},{"type":"text","content":"The most recently completed aspect of the Equity Raising, the Canadian Offering, was underwritten by a syndicate of underwriters (Underwriters) led by BMO Capital...

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