Firefly Metals Ltd. has announced a significant equity raising initiative comprising a two-tranche institutional placement and a fully underwritten Canadian bought deal offering. The institutional placement aims to raise approximately A$54.9 million at a price of A$0.96 per share, while the Canadian offering, in collaboration with BMO Capital Markets, seeks to raise around A$32 million (C$28.4 million) at C$0.86 per share. The proceeds from this equity raising will primarily support the expansion and upgrade of the mineral resource at FireFly's Green Bay Copper Gold Project, along with underground development, pre-construction works, mining studies, and working capital. The first tranche of the institutional placement and the Canadian offering have been completed, with shareholder approval pending for the second tranche. Firefly Metals is also doubling its share purchase plan to A$10 million due to strong demand from retail shareholders, significantly surpassing the original target.