FireFly Metals raises $52 million; secures port access agreement

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(NewsDirect)

Firefly Metals Ltd managing director Steve Parsons joins Jonathan Jackson in the Proactive studio to discuss the recently announced A$52 million placement, a move that Parsons says will primarily fund the advancement of the Green Bay Copper Project.

Additionally, Firefly Metals has secured a Port Access agreement, enhancing the logistical framework for the Green Bay project. This agreement is pivotal in facilitating the export and transportation of copper.

The company has also acquired an 8.4% non-diluted stake in Maritime Resources Corp., the owner of the Point Rousse Project. This strategic investment is part of Firefly's broader plan to establish Green Bay as a world-scale copper project, focusing on both resource expansion and production capabilities.

Looking ahead, Parsons outlines the company’s exploration priorities at Green Bay, with the next six months set to be a period of intense activity and development as the company drives forward with its strategic vision.