FireFly Reshapes Portfolio with Ontario Gold Exit, Retains Upside Through Bellavista.
FireFly Metals (ASX: FFM) has announced the sale of its Ontario-based gold interests, including Pickle Crow and Sioux Lookout, to Bellavista Resources in a transaction with a maximum implied value of AU$86.1 million. The deal is structured entirely in scrip, with FireFly receiving Bellavista shares upfront and additional performance-linked rights tied to future exploration success, resource expansion and production outcomes. Following completion and subject to approvals, FireFly intends to pass the upfront Bellavista shares directly to its shareholders through an in-specie distribution, enabling them to maintain exposure to the assets under a more focused owner. The transaction positions FireFly and its shareholders as a significant long-term holder in Bellavista, while FireFly itself preserves further optionality through milestone-based consideration. From a strategic standpoint, the divestment unlocks value from non-core gold assets, streamlines the group’s asset base and frees capital and management capacity. This allows FireFly to concentrate on accelerating development at its flagship Green Bay Copper-Gold Project in Canada.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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FireFly Reshapes Portfolio with Ontario Gold Exit, Retains Upside Through Bellavista.
FireFly Metals (ASX: FFM) has announced the sale of its Ontario-based gold interests, including Pickle Crow and Sioux Lookout, to Bellavista Resources in a transaction with a maximum implied value of AU$86.1 million. The deal is structured entirely in scrip, with FireFly receiving Bellavista shares upfront and additional performance-linked rights tied to future exploration success, resource expansion and production outcomes. Following completion and subject to approvals, FireFly intends to pass the upfront Bellavista shares directly to its shareholders through an in-specie distribution, enabling them to maintain exposure to the assets under a more focused owner. The transaction positions FireFly and its shareholders as a significant long-term holder in Bellavista, while FireFly itself preserves further optionality through milestone-based consideration. From a strategic standpoint, the divestment unlocks value from non-core gold assets, streamlines the group’s asset base and frees capital and management capacity. This allows FireFly to concentrate on accelerating development at its flagship Green Bay Copper-Gold Project in Canada.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au