FireFly Metals Ltd has secured firm commitments for an approximately A$180 million equity raising to advance its Green Bay Copper-Gold Project in Newfoundland and Labrador while maintaining exploration. The financing comprises a A$150 million ASX institutional placement and a Canadian bought deal worth approximately C$29.6 million, or about A$30 million, both priced at A$1.78 per share, with up to approximately 101.1 million new shares to be issued. FireFly also intends to launch a non-underwritten Share Purchase Plan targeting up to A$10 million at the same price. Proceeds will fund early project works, long-lead equipment, underground development, resource and regional drilling, a Definitive Feasibility Study for the 1.8 million-tonnes-per-year base case and a Pre-Feasibility Study for a 4.6 million-tonnes-per-year alternative, ahead of a targeted Final Investment Decision by mid-2027. The Green Bay PEA outlined an after-tax NPV of approximately A$2.2 billion, a 41% IRR and an initial mine life of about 32 years for the base case, with average annual production of 50,000 tonnes of copper equivalent.