FireFly Metals Ltd has initiated an immediate trading halt for its securities at its own request, pending the public release of further details regarding its planned material capital raising. The halt, which will remain in place until either the announcement regarding the capital raising is released or normal trading resumes on Tuesday, 10 June 2025, is in accordance with the company’s submission to the ASX under Listing Rule 17.1. FireFly Metals Ltd has indicated that it is not aware of any additional information that might affect the halt beyond the material capital raising, and the request has been duly authorized by its Board. Investor sentiment surrounding this development could be viewed from two perspectives. From a bullish standpoint, the capital raising might provide the company with additional resources to support future growth projects or operational improvements, potentially strengthening its market position. Conversely, a bearish interpretation would point to the uncertainty created by the halt and the potential dilution of existing shareholdings, causing some investors to exercise caution until more detailed information is provided.