Firefox Gold Corp Upsizes Private Placement to $7 Million

Firefox Gold Corp has announced an increase in its private placement, raising it to $7 million. This move follows an earlier announcement made on July 15, 2025. The company will issue up to 175 million units at $0.04 per unit. The capital raised will be directed towards a significant drilling program at the Mustajärvi Project, a return to drilling at the Sarvi project, other exploration work, and general corporate purposes. The offering is expected to close by August 15, 2025. A statutory holding period of four months plus one day will apply.

Insiders of Firefox will participate in the offering, which exceeds $2.5 million. The firm plans a 10-for-1 share consolidation concurrent with the offering's closing. This development marks a strategic financial strengthening for Firefox as it continues its exploration activities in Finland.