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An update from Bellavista Resources Ltd ( (AU:BVR) ) is now available.
FireFly Metals has secured all required approvals and waived remaining conditions to complete the sale of its Ontario gold assets, comprising its interests in the Pickle Crow and Sioux Lookout projects, to Bellavista Resources. In return, FireFly will receive 60 million Bellavista shares plus 50 million performance rights, and it will distribute the Bellavista scrip in specie to its own shareholders, who are expected to obtain one Bellavista share for roughly every 12.8 FireFly shares.
Completion of the transaction is scheduled for 29 April 2026, with a record date of 4 May and distribution expected on 11 May, ensuring FireFly investors retain exposure to the Ontario assets’ exploration upside while FireFly pivots capital and focus toward growth at its Green Bay Copper-Gold Project. The deal also hands operational stewardship of the Ontario portfolio to a Bellavista team led by executives previously associated with De Grey Mining’s value-creating Hemi Gold discovery and subsequent multi-billion-dollar takeover.
More about Bellavista Resources Ltd
FireFly Metals Ltd is an Australia and Canada-listed mineral exploration and development company focused on copper and gold assets. Its flagship operation is the Green Bay Copper-Gold Project, while it has also held significant interests in Ontario gold projects including a 70% stake in Pickle Crow and full ownership of Sioux Lookout.
Average Trading Volume: 395,903
Technical Sentiment Signal: Buy
Current Market Cap: A$80.81M
For an in-depth examination of BVR stock, go to TipRanks’ Overview page.