Firefox Gold Stock Price, News & Analysis

FireFox Gold (OTCQB:FFOXF) has successfully completed two significant corporate actions: a $7 million private placement and a 10:1 share consolidation. The private placement involved issuing 175 million pre-consolidation units at $0.04 each, with each unit comprising one common share and one warrant exercisable at $0.06 for three years.

Notable participants included new insider Concept Capital Corp, along with existing insiders Agnico Eagle Mines and Crescat Portfolio Management. Following the share consolidation, FireFox's outstanding shares were reduced to 38,327,225, with trading commencing on the TSXV at $0.55 per share. The proceeds will fund exploration activities at the company's Finnish projects: Mustajärvi, Jeesiö, and Sarvi.

FireFox Gold (OTCQB:FFOXF) has completed the first tranche of its non-brokered private placement, raising $3.79 million by issuing 94.7 million units at $0.04 per unit. Each unit includes one common share and one warrant exercisable at $0.06 for three years.

The company plans to complete a second tranche by August 15, 2025, targeting a total raise of $7 million. Notably, company insiders purchased 13.87 million units in the first tranche. FireFox will also implement a 10-for-1 share consolidation around August 15, 2025.

The proceeds will fund mineral exploration in northern Finland and working capital. The company will pay $88,186 in finder's fees and issue 2.19 million finder's warrants.

Firefox Gold (OTCQB:FFOXF) has announced an upsizing of its private placement to $7 million, increasing from its previously announced offering. The company will issue up to 175,000,000 units at $0.04 per unit.

The proceeds will fund a significant drill program at the Mustajärvi Project, drilling at the Sarvi project, and other exploration work. Firefox plans to begin drilling within weeks of closing the offering, which is expected around August 15, 2025. Notably, the company is concurrently implementing a 10-for-1 share consolidation.

Company insiders, including certain directors, are expected to participate in the offering, constituting a related party transaction under MI 61-101.

FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) has announced a significant $5.0 million non-brokered private placement, with over $2.0M led by new investor John Robins and Concept Capital Management Ltd. The company is simultaneously implementing a 10-for-1 share consolidation.

The financing will primarily fund drilling programs at the company's Mustajärvi Project, which has shown impressive high-grade gold results, including 13.85m averaging 28.8 g/t gold and 6.87m averaging 59.12 g/t gold in surface trenching. The offering consists of up to 125 million units at C$0.04 per unit, with each unit comprising one share and one warrant exercisable at C$0.06 for three years.

The share consolidation will reduce outstanding shares from 203,284,749 to approximately 20,328,475, aiming to better align the share structure with asset quality and attract institutional investors. The company expects to close both transactions around August 15, 2025.

FireFox Gold Corp. (FFOXF) has reported progress on its Kolho Property exploration in Finland, operated by Agnico Eagle Mines under an earn-in agreement. The 2024 exploration campaign, with expenditures of US$765,000, focused on the Nuttio permit area and yielded promising results.

Key findings include:

• 1,619 base-of-till (BoT) samples collected, with 1,325 samples analyzed
• Highest gold value of 0.116 g/t Au, with anomalous copper at 0.27% Cu
• 1,892 gravity survey stations measured at 125-metre spacing
• Discovery of significant chromium values up to 1,482 ppm across a 1.1 km by 500m area

Two additional exploration permits (Rova and Hilla) were granted in 2024, covering approximately 51 km². Plans for 2025 include expanded gravity surveys and increased BoT sampling with additional drilling capacity.

FireFox Gold Corp. (FFOXF) reports results from borehole (BHEM) and fixed loop (FLEM) electromagnetic geophysical surveys at the Mustajärvi Gold Project's East Target in Finland. The surveys aimed to identify new high-grade gold drill targets associated with conductive rocks rich in pyrite.

Key findings include:

• Zones of semi-massive to massive pyrite extending north and along strike beyond current drilling
• A conductive horizon parallel to Mustajärvi Shear Zone, 400 metres south of southernmost drillholes
• Two new strong drill targets near previously drilled holes

The surveys identified multiple conductive plates striking northeast and dipping south, consistent with the stratabound nature of gold mineralization. Previous drilling has yielded significant results, including intercepts of 13.85m at 28.74 g/t gold and 6.87m at 59.12 g/t gold. FireFox controls over 3 kilometers of the Mustajärvi Shear Zone, with significant gold found along 1.7 kilometers through widely spaced drilling.

FireFox Gold Corp. (FFOXF) has announced details from two new targets at its Mustajärvi Project in Finland. The Triangle Target, located 700 metres northwest of the East Target, revealed gold values of 1.83 g/t and 1.425 g/t gold over one-metre diamond saw cuts in trenching, with grab samples previously returning 4.82 and 4.41 g/t gold.

The second target, Pikkulehto, is situated 4 kilometres east of the main Mustajärvi permit among splays of the Venejoki Shear Zone. The company completed detailed ground magnetics surveys at Pikkulehto in fall 2024, revealing potential hydrothermal alteration and fault-related features. Due to outcrop, FireFox plans to test this target with base-of-till sampling.

The Triangle Target's trench exposed multiple zones of alteration with significant hematite content, clay alteration, and cross-cutting quartz veins. The company plans further drilling at both targets in 2025.

FireFox Gold Corp. (FFOXF) has announced significant results from its fall exploration program at the 100%-held Jeesiö Project in Lapland, Finland. The company's trenching campaign at KJ Hill prospect revealed substantial gold mineralization, with channel samples yielding 14.62 g/t gold over 2.84 metres, 2.69 g/t gold over 3.38 metres, and 1.85 g/t gold over 1.69 metres.

At the Saittavaara prospect, new surface sampling expanded the mineralized trend by 800 metres, with rock samples returning values of 3.16 g/t, 3.05 g/t, 2.61 g/t, and 2.57 g/t gold. The total gold-bearing trend now spans more than 1.6 kilometres. The discoveries are associated with NE and NW striking faults, which are important for gold control in the region.

FireFox Gold reports successful trenching results from its Mustajärvi Gold Project in Lapland, Finland. A new trench at the East Target revealed 10.1 metres averaging 13.79 g/t gold, extending surface high-grade gold mineralization. The trench, located 35 metres east-northeast from a 2023 trench, exposed multiple high-grade samples including grab samples up to 180.5 g/t gold. A second trench, stepping out 30 metres southwest, returned lower-grade results with 2.0 metres averaging 2.56 g/t gold. The East Target now shows a corridor of at least 70 metres along strike with significant near-surface gold mineralization.