FireFly Metals (ASX:FFM) doubled its share purchase plan to AU$10 million after strong demand, according to a Tuesday filing with the Australian bourse.
Applications amounted to about AU$31 million and exceeded the original AU$5 million target, the filing said.
Proceeds will be used to support upgrading the mineral resource at the company's Green Bay project, per the filing.
Shares fell 4% in morning trade on Tuesday.
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