FFM
Live News • 19h
FireFly Metals Completes Gold Asset Sale Shifts Focus to Green Bay Copper Expansion FireFly Metals has completed the sale of its Ontario gold assets, shifting its focus to copper-gold development at the Green Bay project in Newfoundland, Canada.
The company is running a large-scale drilling program at Green Bay, with drilling results that include high-grade copper intercepts.
Management is targeting a resource update and economic assessment for Green Bay around mid-2026, while technical analysis points to a large reversal base forming in the stock.
This move to a pure-play copper focus concentrates the story on the exploration and development progress at Green Bay, so your attention naturally centers on how drilling results and future studies evolve.
The combination of an intensive drill campaign and a defined timetable for technical studies also raises execution risks, including permitting, funding and project delivery, which are important to weigh alongside the technical chart setup. Announcement • Feb 11
Dart Mining NL (ASX:DTM) acquired Skarn Ridge Copper-Gold and Mt Bauple Graphite in south-eastern Queensland from FireFly Metals Ltd for AUD 0.03 million. Dart Mining NL (ASX:DTM) acquired Skarn Ridge Copper-Gold and Mt Bauple Graphite in south-eastern Queensland from FireFly Metals Ltd for AUD 0.03 million on February 11, 2026.
Dart Mining NL (ASX:DTM) completed the acquisition of Skarn Ridge Copper-Gold and Mt Bauple Graphite in south-eastern Queensland from FireFly Metals Ltd on February 11, 2026. Announcement • Feb 04
Bellavista Resources Limited (ASX:BVR) agreed to acquire 70% stake in Pickle Crow Gold Project from FireFly Metals Ltd (ASX:FFM) for AUD 47.4 million. Bellavista Resources Limited (ASX:BVR) agreed to acquire 70% stake in Pickle Crow Gold Project from FireFly Metals Ltd (ASX:FFM) for AUD 47.4 million on February 2, 2026. The consideration for the Acquisition comprises the acquisition of the Sale Shares and the assignment of the Loans Receivable for upfront and contingent consideration comprising 60 million Shares (“Consideration Shares”) at a deemed issue price of A$0.75 per Consideration Share (which will be issued pursuant to a prospectus); and a total of 50 million performance rights which expire five years from the date of issue, across three tranches which vest and convert into Shares on a one-for-one basis upon the satisfaction (or waiver) of the following milestones (“Consideration Performance Rights”) Milestone 1: 30,000,000 Consideration Performance Rights which vest upon the Company completing 10,000 meters of drilling at the Pickle Crow Project; Milestone 2: 6,666,667 Consideration Performance Rights which vest upon the Company announcing a minimum 5-million-ounce Mineral Resource Estimate in respect of the area of the assets being acquired with a category of Inferred or higher (inclusive of the existing 2.8 million ounce Inferred Mineral Resource Estimate) at a minimum grade of 5g/t gold, reported in accordance with the JORC Code; and Milestone 3: 13,333,333 Consideration Performance Rights which vest upon the Company announcing it has produced at least 200,000 ounces of gold from the area of the assets being acquired. Bellavista has indicated its intention to exercise the PC Gold buydown right to increase their ownership to 80% of the Project by paying C$3 million in cash to First Mining. Upon the exercise, First Mining's ownership interest in PC Gold will be reduced from 30% to 20% and its interest in PC Gold is free carried to a decision to mine at Pickle Crow.
The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders and expected to close in Q2 2026. 
