FireFly Metals Ltd.: Equity Raising Advances

Press Release

FireFly Metals Ltd (ASX: FFM, TSX: FFM) (“FireFly” or the “Company”) is pleased to announce that it has completed the Charity Flow-Through Placement and tranche one of the Institutional Placement of the Equity Raising announced by the Company on 5 and 10 June 2025.

Equity Raising Details

As announced on 10 June 2025, the equity raising comprises three parts (together, the Equity Raising):

⦁ ~A$11.2 million (~C$10.0 million) charity flow-through placement to Canadian investors priced at approximately A$1.49 per New Share (Charity Flow-Through Placement), which is now complete;

⦁ ~A$54.9 million two-tranche institutional placement at the offer price of A$0.96 per New Share (Institutional Placement). Tranche one of the Institutional Placement is now complete; and

⦁ ~A$28.8 million (~C$25.8 million) fully underwritten Canadian bought deal offering with BMO Capital Markets.

The indicative timeline for the remaining aspects of the Equity Raising is as follows:

Indicative Timetable

This announcement has been prepared for publication in Australia and Canada and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

The announcement has been authorised by the Board of Directors.

Steve Parsons

Managing Director
FireFly Metals Ltd
+61 8 9220 9030
Media

Paul Armstrong
Read Corporate
+61 8 9388 1474

ABOUT FIREFLY METALS

FireFly Metals Ltd (ASX, TSX: FFM) is an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada, which is comprised of multiple assets, including the Ming underground mine and Little Deer exploration project. The Green Bay Copper-Gold Project currently hosts a Mineral Resource prepared in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012) and Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) of 24.4Mt of Measured and Indicated Resources at 1.9% for 460Kt CuEq and 34.5Mt of Inferred Resources at 2% for 690Kt CuEq. The Company has a clear strategy to rapidly grow the copper-gold Mineral Resource to demonstrate a globally significant copper-gold asset. FireFly has commenced a 130,000m diamond drilling program.

FireFly holds a 70% interest in the high-grade Pickle Crow Gold Project in Ontario. The current Inferred Resource stands at 11.9Mt at 7.2g/t for 2.8Moz gold, with exceptional discovery potential on the 500km2 tenement holding.

The Company also holds a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia.

For further information regarding FireFly Metals Ltd please visit the ASX platform (ASX:FFM), the Company’s website www.fireflymetals.com.au or SEDAR+ at www.sedarplus.ca.

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