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FireFly Metals ( (AU:FFM) ) has shared an announcement.
FireFly Metals Ltd announced a significant financing initiative, comprising a C$30 million Canadian bought deal and a C$96.8 million Australian equity raise. The funds will be used for development, technical studies, and exploration drilling, enhancing the company’s operational capabilities and potentially strengthening its market position in the copper-gold industry.
The most recent analyst rating on (AU:FFM) stock is a Buy with a A$2.00 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 an emerging copper-gold company focused on advancing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada. The company aims to rapidly grow its copper-gold mineral resource to demonstrate a globally significant asset. FireFly holds a 70% interest in the Pickle Crow Gold Project in Ontario and a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia.
Average Trading Volume: 3,886,080
Technical Sentiment Signal: Buy
Current Market Cap: A$1.28B
For a thorough assessment of FFM stock, go to TipRanks’ Stock Analysis page.