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Subscriptions significantly exceed targeted raising amount
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TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) — FireFly Metals Ltd (ASX: FFM, TSX: FFM) (FireFly or Company) is pleased to announce that the Share Purchase Plan (SPP) announced on 2 and 4 December 2025, which opened on 10 December 2025, has received applications significantly exceeding the targeted raising amount of A$5 million.
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In light of the positive response to the SPP and to minimise the scale back of applications under the SPP, the Company has decided to close the SPP early at 5.00pm (AWST) on Friday, 19 December 2025, in accordance with the terms of the SPP (Revised Closing Date).
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The Company advises that any further applications under the SPP received after the Revised Closing Date will not be accepted, and the relevant application monies will be returned in full to the applicant (without interest).
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As set out in the Company’s prospectus dated 9 December 2025, the Company reserves the right to accept oversubscriptions, subject to compliance with the ASX Listing Rules and the Corporations Act 2001 (Cth).
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The Company expects to issue the new fully paid ordinary shares in the Company (SPP Shares) pursuant to the SPP on Tuesday, 30 December 2025.
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The Directors would like to thank shareholders for their continued support.
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The indicative timetable for the remaining steps of the SPP has been revised as follows:
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Indicative SPP Timetable
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| Key Event | Date |
| Close of SPP (Revised Closing Date) | 5.00pm (AWST) on Friday, 19 December 2025 |
| Announcement of results of the SPP | Tuesday, 30 December 2025 |
| Issue of New Shares under SPP | Tuesday, 30 December 2025 |
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The above timetable is indicative only and subject to change. The Company reserves the right to amend any or all of these dates and times without notice, subject to the Corporations Act, the ASX Listing Rules and other applicable laws.
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This announcement has been authorised by the Board of Directors.
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Contact information:
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| Steve Parsons Managing Director FireFly Metals Ltd +61 8 9220 9030 | Jessie Liu-Ernsting Chief Development Officer FireFly Metals Ltd +1 709 800 1929 | Media Paul Armstrong Read Corporate +61 8 9388 1474 |
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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.
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ABOUT FIREFLY METALS
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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. The Green Bay Copper-Gold Project currently hosts a Mineral Resource prepared and disclosed 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 50.4Mt of Measured and Indicated Mineral Resources at 2.0% for 1,016Kt copper equivalent (CuEq) and 29.3Mt of Inferred Mineral Resources at 2.5% for 722Kt CuEq. The Company has a clear strategy to rapidly grow the copper-gold Mineral Resource to demonstrate a globally significant copper-gold asset.
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