FireFly Metals secures TSX listing, bolsters North American presence
ASX-listed FireFly Metals has received conditional approval for a secondary listing on the main board of the TSX, set for December 16 under the ticker “FFM".
The TSX listing will not involve any capital raising. FireFly is well-positioned financially, with $88-million in cash at the end of October 2024, fully funding its 2025 growth strategy.
The company’s strategy focuses on expanding the resource at its Green Bay copper/gold project in Canada, which holds measured and indicated resources of 460 000 t of contained metal at 1.9% copper-equivalent and an additional inferred resource of 690 000 t at 2% copper-equivalent.
FireFly MD Steve Parsons highlighted the advantages of the TSX listing, stating: “Having established Green Bay as a high-grade, world-scale copper project, we believe the TSX listing will help the company capitalise on the strong interest among North American investors.”
With two board members already based in Toronto, FireFly aims to enhance its profile within the North American investment community and attract local expertise in exploration and development.
FireFly’s shares will remain listed on the ASX as the primary exchange.
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