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FireFly Metals ( (AU:FFM) ) has issued an announcement.
FireFly Metals has successfully completed an equity raising initiative, generating approximately A$139 million through institutional placements, a Canadian bought-deal offering, and charity flow-through placements. This funding boosts the company’s cash reserves to A$236.9 million and positions FireFly to advance its exploration projects, support strategic initiatives, and strengthen its market position. Shareholders are also being offered an opportunity to participate in a Share Purchase Plan for further investment.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.30 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 mining and exploration company operating in the resource sector. The company focuses on identifying and developing mineral projects, with key operations in Canada and Australia.
Average Trading Volume: 4,257,022
Technical Sentiment Signal: Buy
Current Market Cap: A$1.37B
Learn more about FFM stock on TipRanks’ Stock Analysis page.