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FireFly Metals
(OTC:FFM)
FireFly Metals (FFM) vs. iShares MSCI Australia ETF (EWA)
FireFly Metals Business Overview & Revenue Model
FireFly Metals Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.21M | -3.02M | -554.20K | -99.31K | -55.81K | -611.00 |
| EBITDA | -5.57K | -20.62M | -2.92M | -3.06M | -3.31M | -7.65M |
| Net Income | -5.73K | -22.45M | -3.48M | -3.16M | -3.37M | -7.65M |
Balance Sheet | ||||||
| Total Assets | 312.01M | 249.01M | 85.90M | 83.69M | 61.90M | 6.70M |
| Cash, Cash Equivalents and Short-Term Investments | 79.54M | 40.68M | 6.02M | 13.59M | 21.79M | 4.85M |
| Total Debt | 2.29M | 2.00M | 1.84M | 71.26K | 264.89K | 0.00 |
| Total Liabilities | 33.77M | 43.28M | 4.37M | 9.55M | 6.75M | 722.37K |
| Stockholders Equity | 256.02M | 184.09M | 59.59M | 56.63M | 39.08M | 5.97M |
Cash Flow | ||||||
| Free Cash Flow | -29.43K | -72.32M | -16.13M | -26.69M | -11.94M | -1.24M |
| Operating Cash Flow | -4.89K | -13.83M | 1.18M | -6.32M | -2.49M | -761.36K |
| Investing Cash Flow | -25.31K | -61.48M | -17.59M | -21.95M | -9.46M | -1.04M |
| Financing Cash Flow | 48.56M | 107.39M | 8.87M | 19.69M | 28.81M | 5.92M |
FireFly Metals Technical Analysis
FireFly Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
43 Neutral | AU$1.38B | -6.10 | -40.62% | 4.17% | -4.78% | -43.21% | |
38 Underperform | AU$668.79M | ― | -6.82% | ― | ― | 67.14% | |
| $215.82M | 22.50 | 4.44% | ― | ― | ― | ||
| $256.47M | 9.79 | 8.40% | 6.95% | ― | ― | ||
| $330.38M | 4.67 | 27.43% | ― | ― | ― | ||
48 Neutral | AU$405.20M | ― | -179.51% | ― | -100.00% | -27.86% | |
42 Neutral | AU$430.21M | ― | -77.74% | ― | ― | -654.93% |
FireFly Metals Corporate Events
FireFly Metals has appointed Jessie Liu-Ernsting as Chief Corporate Development Officer to enhance its North American investor relations, following its dual listing on the Toronto Stock Exchange. This strategic move aims to increase the company’s visibility and engagement with North American investors, particularly for its Green Bay Copper-Gold Project, leveraging Liu-Ernsting’s extensive experience in capital markets and investor relations.
FireFly Metals Ltd has announced that Jessie Liu-Ernsting has ceased to be a director of the company as of April 20, 2025. The announcement does not indicate any securities or interests held by the outgoing director, suggesting a straightforward departure without financial implications for the company.
FireFly Metals Limited has completed the full payment for its acquisition of the Rambler Group, which includes a 100% interest in the Green Bay Copper-Gold Project in Newfoundland, Canada. The payment included a deferred consideration of A$7.5 million in cash and shares, with the issuance of 9,778,357 ordinary shares. This acquisition solidifies FireFly’s position in the copper-gold mining sector and enhances its strategic asset portfolio.
FireFly Metals Ltd announced the issuance of 9,778,357 ordinary fully paid shares on April 17, 2025, under a Subscription Agreement. This move, calculated on a VWAP basis, indicates a strategic decision to issue shares instead of cash for deferred consideration, potentially impacting the company’s market liquidity and shareholder value.
FireFly Metals Ltd has announced exceptional results from its infill drilling campaign at the Green Bay Copper-Gold Project in Canada. The successful drilling results are part of a broader strategy to upgrade Inferred Resources to Measured and Indicated Resources, which are typically valued higher and can support mining studies. This strategy is expected to unlock significant shareholder value by demonstrating the production and cashflow potential of the project. The company is well-funded, with plans to continue extensive drilling and exploration activities throughout 2025, including the addition of a new underground rig and the appointment of a new Vice President of Metallurgy to bolster its management team.
FireFly Metals has announced a significant increase in its resource base, with a 42% growth in its Mineral Resource Estimate at the Green Bay Project. The company is utilizing six drill rigs to accelerate resource growth, aiming to achieve a world-class scale. This expansion is supported by exceptional infrastructure and is expected to enhance FireFly Metals’ positioning in the mining industry, benefiting stakeholders by potentially increasing the company’s market value and operational capabilities.
FireFly Metals Ltd announced the issuance of 738,947 performance rights as part of an employee incentive scheme. These securities are not intended for quotation on the ASX and reflect the company’s commitment to motivating and retaining its workforce, which could positively impact its operational efficiency and market positioning.
FireFly Metals Ltd reported its financial results for the six-month period ending December 31, 2024, revealing a loss after tax of A$5.731 million, a significant improvement from the A$15.515 million loss in the previous year. Despite the losses, the company achieved a total comprehensive gain of A$7.322 million, primarily due to a positive foreign operations translation, indicating an improvement in its financial health and potential for future growth.
FireFly Metals Ltd reports on its performance for the three and six month periods ending December 31, 2024. The company highlights significant progress in its key projects, including the Green Bay Copper-Gold Project and the Pickle Crow Gold Project. The announcement emphasizes FireFly Metals’ strategic initiatives to bolster its operations and financial standing, potentially impacting its market position positively and benefiting stakeholders.
FireFly Metals Ltd has announced a change in its corporate structure, with Maddison Cramer resigning as Company Secretary and Laura Noonan-Crowe appointed in her place, effective January 15, 2025. This change in leadership could impact the company’s operational dynamics and influence its strategic direction, signaling a potential shift in governance that stakeholders should monitor closely.
FireFly Metals has announced significant resource growth in 2024, increasing to 24.4 million tonnes for 460,000 tonnes of measured and indicated resources and 34.6 million tonnes at 690,000 tonnes inferred. This growth positions the company to build a world-class scale operation, leveraging its existing infrastructure and benefitting from its location in Canada, a tier one mining jurisdiction.
FireFly Metals has announced exceptional results from its aggressive six-rig drilling campaign at the Green Bay Copper-Gold Project in Canada. The campaign aims to extend known mineralization, upgrade Inferred Resources to Measured and Indicated categories, and test new targets, positioning the project as a global-scale operation in a prime location. The latest assays, especially from the Ming Mine, reveal high-grade copper-gold intersections, supporting the company’s strategy to increase resource value and potentially drive a share price re-rating. With substantial funding, FireFly plans to expedite its growth strategy, enhancing its standing in the mining industry and creating significant shareholder value.
FireFly Metals Ltd has announced the application for the quotation of 840,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of February 5, 2025. This move signifies the company’s strategic effort to bolster its financial standing and enhance its market visibility, potentially impacting its operational dynamics and stakeholder interests in the competitive mining sector.