Month: September 2026

PERTH, Australia, Sept. 22, 2026 (GLOBE NEWSWIRE) — FireFly Metals Ltd (ASX,TSX: FFM) (FireFly or the Company) is pleased to announce the release of the Technical Report required by Canadian National Instrument NI43-101 in respect of the Preliminary Economic Assessment and Mineral Resource Estimate (Technical Report) announced by the Company on 25 August 2026.

The filed Technical Report contains immaterial updates to capital expenditure for the expansion case scenario which do not impact the overall calculation of net present value (NPV) of the Green Bay Ming Mine Copper-Gold Project.

The Technical Report can be accessed on SEDAR+ at www.sedarplus.ca or on the Company’s website at https://fireflymetals.com.au/technical-reports/

This announcement has been authorised by the Board of Directors.

Contact information:

Steve Parsons Managing Director FireFly Metals Ltd +61 8 9220 9030	Jessie Liu-Ernsting Chief Development Officer FireFly Metals Ltd +1 416 572 2028	Paul Armstrong Media Contact Read Corporate +61 8 9388 1474

ABOUT FIREFLY METALS LTD

FireFly Metals Ltd (ASX, TSX: FFM) is an emerging copper-gold company focused on growing the high-grade Green Bay Copper-Gold Project in Newfoundland, Canada. The project is advancing towards development, with a Preliminary Economic Assessment showing the potential for a high-grade, low-cost and long-life operation with a pathway to produce 100kt of copper per annum.

The Green Bay Copper-Gold Project is underpinned by 60.2Mt of Measured and Indicated Mineral Resources at 2.43% for 1,464Kt copper equivalent (CuEq) and 23.5Mt of Inferred Mineral Resources at 2.51% for 592Kt CuEq, prepared and disclosed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code (2012 Edition)) and Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101).

The Company has a clear strategy to continue growing the Green Bay Copper-Gold Project through resource expansion, new discoveries and advancement towards development.

Further information regarding FireFly Metals Ltd is available on the ASX platform (ASX: FFM), the Company’s website www.fireflymetals.com.au or SEDAR+ www.sedarplus.ca.

COMPLIANCE STATEMENTS

The Green Bay Copper-Gold Project comprises the Ming Deposit and the Little Deer Deposit.

Mineral Resource Estimate – Green Bay Copper-Gold Project

The combined Mineral Resource Estimate for the Green Bay Copper-Gold Project referred to in this announcement and set out in Appendix A was first reported in the Company’s ASX announcement dated 25 August 2026, titled ‘Green Bay Copper-Gold Project, Canada Preliminary Economic Assessment and Mineral Resource Update.’

Mineral Resource Estimate – Little Deer

The Mineral Resource Estimate for Little Deer referred to in this announcement was first reported in the Company’s ASX announcement dated 29 October 2024, titled ‘Resource Increases 42% to 1.2Mt of contained metal at 2% Copper Eq.’

Metal equivalents for Mineral Resource Estimates

Metal equivalents for the combined Green Bay Copper-Gold Project Mineral Resource Estimate have been calculated at a copper price of US$10,626/t, gold price of US$3,587/oz and silver price of US$50.22/oz.   Metal equivalents for the Little Deer Mineral Resource Estimate have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz. Individual Mineral Resource grades for the metals are set out in Appendix A of this announcement.

Metallurgical factors have been applied to the metal equivalent calculation. Copper recovery used was 95%. Historical production at the Ming Mine has a documented copper recovery of ~96%. Precious metal (gold and silver) metallurgical recovery was assumed at 85% based on historical recoveries achieved at the Ming Mine in addition to historical metallurgical test work to increase precious metal recoveries.

In the opinion of the Company, all elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold on the basis of current market conditions, metallurgical test work, the Company’s operational experience and, where relevant, historical performance achieved at the Green Bay project whilst in operation.

Copper equivalent for the Green Bay Copper-Gold Project was calculated based on the formula:

CuEq(%) = Cu(%) + (Au(g/t) x 0.97106) + (Ag(g/t) x 0.01360).

Copper equivalent at Little Deer was calculated based on the formula:

CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822).

Original Announcements

FireFly confirms that it is not aware of any new information or data that materially affects the information included in the original announcements referred to or cross-referenced in this announcement and that, in the case of Mineral Resource Estimates, all material assumptions and technical parameters underpinning the Mineral Resource Estimates in the original announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ and Qualified Persons’ findings are presented have not been materially modified from the original market announcements.

Scientific and Technical Information

Mr Juan Gutierrez, BSc, Geology (Masters), Geostatistics (Postgraduate Diploma), Group Chief Geologist at FireFly, and a Qualified Person as defined by NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this announcement.

FORWARD-LOOKING INFORMATION

This announcement may contain certain forward-looking statements and projections, including statements regarding FireFly’s plans, forecasts and projections with respect to its mineral properties and programs. Forward-looking statements may be identified by the use of words such as ‘may’, ‘might’, ‘could’, ‘would’, ‘will’, ‘expect’, ‘intend’, ‘believe’, ‘forecast’, ‘milestone’, ‘objective’, ‘predict’, ‘plan’, ‘scheduled’, ‘estimate’, ‘anticipate’, ‘continue’, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives.

Although the forward-looking statements contained in this announcement reflect management’s current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, such forward-looking statements and projections are estimates only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which may include changes in commodity prices, foreign exchange fluctuations, economic, social and political conditions, and changes to applicable regulation, and those risks outlined in the Company’s public disclosures.

The forward-looking statements and projections are inherently uncertain and may therefore differ materially from results ultimately achieved. For example, there can be no assurance that FireFly will be able to confirm the presence of Mineral Resources or Ore Reserves, that FireFly’s plans for development of its mineral properties will proceed, that any mineralisation will prove to be economic, or that a mine will be successfully developed on any of FireFly’s mineral properties. The performance of FireFly may be influenced by a number of factors which are outside of the control of the Company, its directors, officers, employees and contractors. The Company does not make any representations and provides no warranties concerning the accuracy of any forward-looking statements or projections, and disclaims any obligation to update or revise any forward-looking statements or projections based on new information, future events or circumstances or otherwise, except to the extent required by applicable laws.

APPENDIX A

Green Bay Copper-Gold Project Mineral Resources

Ming Deposit Mineral Resource Estimate

MING DEPOSIT	TONNES	COPPER		GOLD		SILVER		CuEq
	(Mt)	Grade	Metal	Grade	Metal	Grade	Metal	Grade
		(%)	(‘000 t)	(g/t)	(‘000 oz)	(g/t)	(‘000 oz)	(%)
Measured	3.5	1.5	52	0.2	20	1.3	147	1.7
Indicated	53.8	1.9	1,041	0.5	878	4.5	7,707	2.5
TOTAL M&I	57.3	1.9	1,093	0.5	899	4.3	7,853	2.4
Inferred	17.3	2.0	344	0.7	404	6.3	3,522	2.8
LITTLE DEER	TONNES	COPPER		GOLD		SILVER		CuEq
	(Mt)	Grade	Metal	Grade	Metal	Grade	Metal	Grade
		(%)	(‘000 t)	(g/t)	(‘000 oz)	(g/t)	(‘000 oz)	(%)
Measured	–	–	–	–	–	–	–	–
Indicated	2.9	2.1	62	0.1	9	3.4	320	2.3
TOTAL M&I	2.9	2.1	62	0.1	9	3.4	320	2.3
Inferred	6.2	1.8	110	0.1	10	2.2	430	1.8
GREEN BAY TOTAL	TONNES	COPPER		GOLD		SILVER		CuEq
	(Mt)	Grade	Metal	Grade	Metal	Grade	Metal	Grade
		(%)	(‘000 t)	(g/t)	(‘000 oz)	(g/t)	(‘000 oz)	(%)
Measured	3.5	1.5	52	0.2	20	1.3	147	1.7
Indicated	56.7	1.9	1,103	0.5	887	4.4	8,027	2.5
TOTAL M&I	60.2	1.9	1,155	0.5	908	4.2	8,173	2.4
Inferred	23.5	1.9	454	0.6	414	5.2	3,952	2.5

1. FireFly Metals Ltd Mineral Resource Estimates for the Green Bay Copper-Gold Project, incorporating the Ming Deposit and Little Deer Complex, are prepared and reported in accordance with the JORC Code (2012 Edition) and NI 43-101. “M&I” means Measured and Indicated.   
2. Mineral Resources have been reported at a 1.0% copper cut-off grade.
3. Metal equivalents for the combined Green Bay Copper-Gold Project Mineral Resource Estimate have been calculated using the CIBC long term mean commodity prices as at 1 July 2026: copper price of US$10,626/t, gold price of US$3,587/oz and silver price of US$50.22/oz. Metal equivalents for the Little Deer Mineral Resource Estimate have been calculated at a copper price of US$8,750/t, gold price of US$2,500/oz and silver price of US$25/oz.   
4. Metallurgical recoveries have been set at 95% for copper and 85% for both gold and silver. These assumptions are made on the basis of historical production at the Ming Mine and additional metallurgical test work.
5. Copper equivalent for the Green Bay Copper-Gold Project was calculated based on the formula: CuEq(%) = Cu(%) + (Au(g/t) x 0.97106) + (Ag(g/t) x 0.01360). Copper equivalent at Little Deer was calculated based on the formula: CuEq(%) = Cu(%) + (Au(g/t) x 0.82190) + (Ag(g/t) x 0.00822).
6. Totals may vary due to rounding. For further details refer to the ASX announcement dated 25 August 2026, titled ‘Green Bay Copper-Gold Project, Canada Preliminary Economic Assessment and Mineral Resource Update’.

Grid Edge Device Helps Utilities Improve Advanced Grid Reliability, Advanced Outage Awareness and Integration of Distributed Energy Resources

• Itron has launched the Riva S and Itron Riva T IEC electricity meters in the Asia Pacific region, bringing advanced metrology, high-frequency sampling and intelligence to the grid edge.
• These grid edge devices enable utilities to build the foundation to improve low-voltage network visibility and grid flexibility today.
• Utilities can gain greater awareness of emerging faults, transformer loading, outages and DER impacts, helping improve reliability and resilience.
• Designed leveraging open standards and modular communications to enable multi-vendor interoperability.
• Backward compatibility with earlier generations of Itron solutions, which preserves prior investments to help utilities de-risk grid modernization.

LIBERTY LAKE, Wash., Sept. 22, 2026 (GLOBE NEWSWIRE) — Itron, Inc. (NASDAQ: ITRI), the intelligent infrastructure provider for modern energy and water management, announced the availability of its grid edge portfolio, including Itron Riva S and Itron Riva T IEC electricity meters, for utilities in the Asia-Pacific (APAC) region. As the first Itron Gen6 network platform devices available in APAC, this launch marks a significant milestone in Itron’s expansion of Grid Edge Intelligence in the region.

The Itron Riva meters provide utilities with a practical starting point to improve visibility across the low-voltage network today and respond to the growing impact of distributed energy resources (DERs) with advanced intelligence over time. The launch builds on Itron’s more than 25-year presence in Australia, including its operations in Adelaide supporting utilities across the region.

Utilities across APAC face growing challenges from increasing behind-the-meter energy resources, accelerating electrification and changing low-voltage network conditions. For example, Australia is one of the world’s leading distributed energy markets, with approximately one in three homes equipped with rooftop solar. As DER adoption continues to grow, utilities need greater insight into low-voltage network performance, including available hosting capacity and emerging constraints that can affect reliability, voltage management and customer exports.

The Itron Riva meters serve as both grid sensors and DER control points, providing utilities with real-time visibility into grid conditions. This enhanced visibility enables earlier identification of emerging network faults and constraints, proactive management of growing DERs across the low-voltage network, and the ability to optimize operational and capital budget allocation.

By extending sensing and intelligence to the grid edge, the Itron Riva meters allow utilities to begin with advanced metering and localized grid awareness, then seamlessly expand to distributed intelligence (DI) applications as operational needs evolve, improving grid reliability, resilience and efficiency.

The Itron Riva meters extend visibility beyond energy consumption data, helping utilities detect voltage fluctuations, transformer loading issues, emerging faults and other network conditions through high-frequency sensing and edge computing capabilities.

Built on open DLMS/COSEM standards and designed to meet International Electrotechnical Commission (IEC) requirements, the meters help utilities modernize their infrastructure and maintain flexibility to integrate with existing and future technologies.

Key capabilities of the meters include:

• Grid edge intelligence: Combines high-frequency sampling, analytics and edge computing in a single device.
• Distributed intelligence-ready architecture: Modular DI NIC architecture decouples communications and edge processing from the meter, supporting vendor choice and deployment flexibility.
• Distribution grid awareness: Supports detection of voltage conditions, transformer loading, emerging faults, outages and other grid events.
• Remote operations capabilities: Supports functions such as remote disconnect, load control and automated event management, with utility-configurable options to align with operational and business requirements.
• Open standards interoperability: Built on DLMS/COSEM standards to support integration across utility systems, devices and technologies.
• Intelligent connectivity architecture: Built for Itron’s Gen6 network platform, the communications foundation supporting a growing ecosystem of grid edge devices and applications.
• Cybersecurity by design: Incorporates secure firmware and platform design principles to help protect critical metering and grid operations.

“Utilities across APAC are operating and managing networks that look vastly different from what they did even a decade ago,” said John Marcolini, senior vice president of Networked Solutions at Itron. “As DER adoption accelerates and bi-directional power flows introduce new complexity, the role of the meter is evolving into an intelligent grid asset capable of providing greater visibility into conditions across the low-voltage network. The launch of the Itron Riva meters as the first Gen6 device in APAC is an important step in helping utilities translate awareness into action, today. It introduces an interoperable and modular architecture designed to help utilities preserve technology choice and expand value over time.”

“Modernization is most effective when utilities can take a phased approach without disrupting current business operations,” said Fraser Young, vice president of sales, Asia-Pacific at Itron. “With a standards-based design and distributed intelligence-ready architecture, the Itron Riva meter gives utilities a practical, lower-risk starting point for modernization. Leveraging existing AMI networks and a centralized head-end system that supports interoperability, utilities can deploy Riva meters and other distributed intelligence-enabled devices in phases, protecting existing investments while supporting a more open, interoperable utility ecosystem.”

The Itron Riva IEC electricity meter in APAC builds on Itron’s proven distributed intelligence and metering expertise worldwide. The company has shipped more than 18 million distributed intelligence-enabled meters and licensed more than 27 million distributed intelligence applications.

Availability

Initially available in Australia, New Zealand and Singapore, the Itron Riva IEC electricity meter is expected to expand to additional countries in Asia-Pacific, helping utilities modernize grid operations and respond to growing network complexity across the region. To learn more, see the Itron Riva electricity meter brochure and video as well as the Itron Riva S spec sheet and Itron Riva T spec sheet.

About Itron

Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: www.itron.com.

Itron^®, Itron Logo, Riva, and Gen are trademarks of Itron, Inc in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

For additional information, contact:

Itron, Inc.

Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
PR@Itron.com

Paul Vincent
Vice President, Investor Relations
512-560-1172
Investors@itron.com

Itron, Inc.

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