FireFly Metals Secures A$65M for Drilling Expansion

FireFly Metals (AU:FFM) has released an update.

FireFly Metals Ltd has successfully raised A$65 million through a single-tranche institutional share placement at A$0.95 per share, with strong demand from Australian and international investors. The funds are earmarked for an ambitious drilling campaign at the Green Bay Copper-Gold Project in Canada, including 100,000 meters of drilling to expand and define resources, as well as underground exploration and regional target testing. Additionally, the company plans a Share Purchase Plan to raise further A$5 million at the same share price.

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