FireFly Metals Ltd has agreed to sell its 70% interest in PC Gold Inc., the entity holding the Pickle Crow Gold Project, to Bellavista Resources Limited. The consideration includes 60 million Bellavista shares valued at A$45 million, based on the concurrent financing price, which will be distributed to FireFly shareholders, as well as A$37.5 million in Bellavista performance rights. Bellavista is also seeking to raise A$25 million at A$0.75 per share. The transaction is expected to close in the second quarter of 2026. Following completion, Bellavista has indicated its intention to exercise a buydown right to increase its ownership to 80% of the project by paying C$3 million in cash to First Mining. First Mining’s interest in PC Gold would then be reduced from 30% to 20% and will be free carried to a decision to mine at Pickle Crow.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Mining Gold Corp. published the original content used to generate this news brief via CNW (Ref. ID: C4661) on February 03, 2026, and is solely responsible for the information contained therein.