Firefly Raises C$178.6 Million After Closing Equity Financing

09:27 AM EDT, 09/03/2026 (MT Newswires) -- Firefly Metals (FFM.TO) completed an equity raising for C$178.6 million in proceeds, the copper-gold company said Thursday. The offering comprised a C$149.0 million institutional placement on the Australian Securities Exchange priced at A$1.78 per share, and a C$29.6 million bought-deal offering on the Toronto Stock Exchange priced at C$1.76 per share. In addition to the equity raising, Firefly plans to launch a non-underwritten share purchase plan for up to A$30,000 worth of new fully paid ordinary shares of the company. Closing is expected Sept. 23. Firefly plans to use the proceeds to advance the Green Bay project in Newfoundland, as well as strengthen its balance sheet ahead of the completion of a project financing process.