Each one in plain English, with the numbers worked through for a shareholder.
23 June 2025capital raising announcement▲ GoodMajor
The Canadian bought deal completed: 33M shares at C$0.86 (C$28.4M, ~A$32M), with the over-allotment option exercised in full. Completed parts of the raising total ~A$70.1M; only tranche two of the institutional placement remains, expected August 2025 after a shareholder meeting.
What it means for a shareholder
33.0m new shares at C$0.860 to raise about C$28.4m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
FireFly filed the final Canadian prospectus for the bought deal of 30M shares at C$0.86, plus a 3M-share over-allotment option, closing about 20 June. Tranche two of the institutional placement now expected in August 2025, later than the mid-July earlier flagged.
What it means for a shareholder
30.0m new shares at C$0.860 to raise about C$25.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Letter to shareholders offering the Share Purchase Plan: eligible holders can buy A$2,500 to A$30,000 of shares at A$0.96, closing 7 July 2025. Targets A$5M (5,208,333 shares), not underwritten. Repeats the 16 June terms already announced; no new substance.
Share Purchase Plan terms: eligible shareholders on the 4 June register can apply for up to A$30,000 of shares at A$0.96, a ~6.8% discount to the last close. The plan is capped at A$5M (5,208,333 shares).
The A$11.2M flow-through placement and tranche one of the A$54.9M institutional placement are complete. The Canadian offering is due 20 June, SPP closes 7 July, and tranche two needs a mid-July shareholder meeting.
Prospectus for the flow-through placement: up to 7,559,539 shares at C$1.3228 (A$1.488). It supports secondary trading of those shares and adds no new information beyond the 10 June raising details.
What it means for a shareholder
7.6m new shares at C$1.32 to raise about C$10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
10 June 2025capital raising announcement▲ GoodMajor
The raising is upsized to about A$95M in firm commitments, plus an SPP of up to A$5M. It comprises A$11.2M flow-through at ~A$1.49, A$54.9M placement at A$0.96 and A$28.8M Canadian offering. The company cites A$135M of funding.
5 June 2025capital raising announcement● NeutralMajor
FireFly launches a roughly A$75M raising: a C$25.8M (A$28.8M) Canadian bought deal at C$0.86 (A$0.96) via BMO, plus A$46.0M in Australia (A$11.2M flow-through, A$29.9M placement), and an SPP of up to A$5M. Funds go mainly to Green Bay.
After discussions with ASX, FireFly re-released the 20 May Canaccord presentation, retracting a photograph of visible mineralisation and its text on slide 27 for not meeting ASX compliance requirements. No new results.
Canaccord Genuity conference presentation repeating the 24.4Mt M&I and 34.5Mt Inferred Green Bay resource and ramp-up to seven rigs. Its disclaimer states no new information or data.
First surface drilling at the historical Rambler Main deposit, under 3km from Ming, returned 10.0m @ 6.4% CuEq and 12.9m @ 4.3% CuEq, over 200m beyond old mining and still open. Delivers the surface results expected this quarter; a new resource-growth area.
Step-out drilling at Green Bay's Ming Mine hit 12.4m @ 6.8% CuEq and 25.8m @ 5.1% CuEq, more than 200m beyond the current resource. A downhole survey shows an anomaly extending over 700m further. Extends the resource-growth thread; a seventh rig is due.
Non-executive director Jessie Liu-Ernsting resigns from the board to become Toronto-based Chief Corporate Development Officer from mid-to-late May 2025, focused on North American investors. The company is searching for a new independent non-executive director.
Resources Rising Stars Adelaide presentation repeating the 24.4Mt M&I and 34.6Mt Inferred resource and A$84.1M cash at 31 December. Its disclaimer states no new information or data.
Infill drilling returned 14.2m @ 7.5% CuEq and 50.9m @ 2.6% CuEq, supporting plans to upgrade Inferred resource to Measured and Indicated. Surface results are now expected in the June quarter, and a seventh rig starts in May. Jared Dietrich joins as VP Metallurgy.
BMO Miami conference presentation repeating the 24.4Mt M&I and 34.6Mt Inferred resource and six drill rigs. Its disclaimer states no new information or data.
First Management Discussion and Analysis, filed for the TSX listing, covers the six months to 31 December 2024. It repeats the October resource increase, Phase 2 drilling and TSX listing. Nothing new in the visible text.
Unaudited interim accounts show a A$5.7M half-year loss (A$15.5M a year earlier) and A$76.0M cash at 31 December 2024. Net assets are A$278.2M, up from A$204.3M after A$72.3M of shares were issued, matching the October raising.
Half-year report to 31 December 2024 restates the 24.4Mt M&I and 34.5Mt Inferred Green Bay resource and the 130,000m drill program. Interim statements show a A$5.7M half-year loss; the report's directors' section adds no new project results.
New Ming drilling includes 10.7m @ 12.2% CuEq and 58.2m @ 3.1% CuEq, with results proving the earlier downhole EM anomalies are mineralised. FireFly is expanding to six rigs: a fifth underground rig is being mobilised and a sixth is drilling surface targets.
Laura Noonan-Crowe, a lawyer with 17 years in resources and TSX compliance experience, becomes General Counsel and Company Secretary from 15 January 2025. Maddison Cramer steps down from the secretary role on that date.
FireFly began trading on the Toronto Stock Exchange main board on 16 December 2024 under FFM, alongside its primary ASX listing. Completes the dual listing announced on 11 December.
FireFly received conditional approval to list on the Toronto Stock Exchange main board, expected 16 December 2024, as a compliance listing with no capital raising. It is also filing Canadian technical reports. The resource is unchanged, now split into M&I (460kt CuEq) and Inferred (690kt CuEq).
Best Green Bay hole yet: 86.3m @ 3.7% CuEq, plus 76.3m @ 2.9% CuEq, received after the October resource. Mineralisation remains open, and the results will feed into the next resource update. Cash was about A$88M at end October.
December 2024 Resources Rising Stars presentation repeating the 59Mt @ 2% CuEq, 1.2Mt resource and Pickle Crow's 2.8Moz Inferred resource. Its disclaimer states no new information or data.
