FireFly doubles Share Purchase Plan to A$10m in response to strong demand

Press Release

FireFly Metals Ltd (ASX: FFM, TSX: FFM) (Company or FireFly) 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 SPP Offer Document released to ASX on 16 June 2025.

The decision followed extremely strong demand for the SPP and reflects the Company’s commitment to its supportive retail shareholders.

Applications under the SPP, which closed at 5.00pm (AWST) on Monday, 7 July 2025 (Closing Date), totalled approximately A$28.2 million, and greatly exceeded the original A$5 million target announced on 5 June 2025.

The SPP was open to 5,365 eligible shareholders. The Company received valid applications from 1,676 eligible shareholders (including custodian level applications), representing a participation rate of approximately 31% and an average application amount of approximately A$16,800.

The SPP was undertaken concurrently with the Company’s ~A$98.1 million equity raising that comprised the following aspects:

⦁ ~A$11.2 million (~C$10.0 million) charity flow-through placement to Canadian investors at a price of approximately A$1.49 per share (Charity Flow-Through Placement);

⦁ ~A$54.9 million two-tranche institutional placement at a price of A$0.96 per share (Institutional Placement); and

⦁ ~A$32 million (C$28.4 million) fully underwritten Canadian bought deal offering with BMO Capital Markets at a price of C$0.86 per share (Canadian Offering),

(together, the Equity Raising).

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