Firefly Metals (ASX:FFM) has received approval to list on the Toronto Stock Exchange on Monday, 16 December 2024, under the same symbol as its ASX listing, ‘FFM’.
The TSX is the 10th-largest exchange globally, and the third largest in North America based on market capitalisation.
Firefly Metals, which has a market capitalisation of $645.58 million, says the decision to list on the TSX is underpinned by the need to grow the resource at its Green Bay Copper-Gold Project’s in Newfoundland, Canada.
The Green Bay Project’s mineral resource currently measures 460,000 tonnes @ 1.9% copper-equivalent within the measured and indicated categories. An additional 690,000 tonnes @ 2% copper-equivalent sits within the inferred category.
“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,” Managing Director Steve Parsons says.
Firefly had $88 million in cash at the end of October 2024, according to its latest quarterly report. As a result, the company says it is fully-funded to execute its 2025 growth strategy.
Write to Aaliyah Rogan at Mining.com.au
Images: Firefly Metals
