FireFox Gold Closes Second and Final Tranche of Non-Brokered Private Placement

FireFox Gold Corp. (FFOX) completed the second and final tranche of its non-brokered private placement on June 25, 2026, raising gross proceeds of $6,725,400. The company issued 11,208,999 units at a price of $0.60 per unit. Each unit consists of one common share and one-half of a warrant exercisable at $0.90 per share for a period of three years. Following the transaction, the total share count stands at 49,957,066 common shares.

Significant participation in the offering came from company insiders, who purchased 2,910,000 units, and strategic investor Agnico Eagle Mines Limited, which acquired 1,825,000 units. Finder compensation for the placement includes $319,179 in cash and 265,982 warrants. The shares are subject to a statutory four-month-plus-one-day hold period.

The proceeds from the offering are allocated to mineral exploration on the Mustajärvi, Jeesiö, and Sarvi projects in northern Finland, as well as for general working capital.

FireFox Gold Corp. (FFOX) closed a tranche of its offering on May 29, 2026, fulfilling the terms of its previously announced upsized capital raise. The company described the transaction as an expected, incremental financing aligned with prior guidance.

The capital injection will directly fund a planned approximately 10,000-metre diamond drill program at the Mustajärvi property. This exploration activity is critical for advancing toward the maiden mineral resource estimate (MRE) targeted for mid-to-late 2026. Agnico Eagle’s continued participation and exercise of its participation rights in the financing underscores confidence in the project's geological potential and the broader Lapland district.

While the financing is dilutive, it is considered necessary given the company's exploration-stage status and operating burn rate. The transaction does not represent a market-moving surprise, but rather a standard execution of a previously communicated capital raise.

FireFox Gold Corp. (FFOX) is a Canadian exploration-stage company focused on gold projects in the Central Lapland Greenstone Belt of Finland. Its flagship asset is the 100%-owned Mustajärvi Gold Project, which covers 7.8 km² and hosts three known mineralized zones—East, Northeast, and Central—over more than 2.1 km of strike. Recent drilling at the property has highlighted high-grade intercepts, including 1.0m @ 188.5 g/t Au.

The company also holds other assets, including Sarvi, which is adjacent to Rupert Resources' Ikkari deposit; Jeesiö, a 71 km² property on a district-scale structure; and Kolho, which is optioned to Agnico Eagle. FireFox Gold is currently in the pre-resource phase, targeting a maiden mineral resource estimate for Mustajärvi within 12 months.