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FireFly Metals ( (AU:FFM) ) has issued an update.
FireFly Metals Ltd has successfully completed a Canadian bought deal offering, raising approximately A$70.1 million in gross proceeds through a combination of offerings, including a charity flow-through placement and an institutional placement. This equity raising initiative, led by BMO Capital Markets, aims to bolster the company’s financial position, with the final tranche expected to conclude in August 2025 following shareholder approval. The company is also offering a share purchase plan to eligible shareholders, further enhancing its capital base and market positioning.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$1.75 price target. To see the full list of analyst forecasts on FireFly Metals stock, see the AU:FFM Stock Forecast page.
More about FireFly Metals
FireFly Metals Ltd is a company operating in the metals industry, primarily focusing on the exploration and development of metal resources. It is listed on both the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX), indicating its market focus spans both Australian and Canadian markets.
YTD Price Performance: 16.22%
Average Trading Volume: 2,273,085
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$655.8M
For a thorough assessment of FFM stock, go to TipRanks’ Stock Analysis page.