FireFly Metals (ASX:FFM) has doubled the size of its Share Purchase Plan to A$10 million after strong demand from retail investors, who submitted more than A$28 million in applications — well above the original A$5 million target.
The move comes alongside a A$98 million equity raise completed across Australia and Canada.
Once finalised, FireFly expects to hold around A$145 million in cash and liquid assets — which will support its eight-rig drilling program and ongoing mining studies at the Green Bay Copper-Gold Project in Canada.
The new funding will fast-track Firefly's growth plans — focusing on expanding the project’s mineral resource, supporting underground development, and progressing key pre-construction work.
Firefely's Managing Director Steve Parsons said: "With so many rigs turning and mining studies underway, we anticipate continuing to generate strong results and news flow as we push hard to create maximum shareholder value."
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