FireFox Gold Corp. (TSXV: FFOX)(OTCQB: FFOXF) announced a non-brokered private placement offering of up to 8.5 million units at $0.60 per unit for gross proceeds of up to $5.1 million.

Each unit consists of one common share and half of one common share purchase warrant. The warrants will be exercisable at $0.90 per share and expire three years from the closing date. The company expects to close the offering on or about June 3, 2026.

The company stated the net proceeds will fund drilling programs at the Mustajärvi Project and a return to drilling at the Sarvi Project, along with exploration work, working capital and general corporate purposes.

The offering requires regulatory approvals including approval from the TSX Venture Exchange. The shares, warrants and warrant shares will be subject to a statutory hold period of four months plus one day from the closing date.

FireFox anticipates paying finder's fees in cash and warrants to certain parties based on units sold to subscribers they introduce. Company insiders, including certain directors, are expected to participate in the offering.

The insider participation constitutes a related party transaction under Multilateral Instrument 61-101. The company intends to rely on exemptions from formal valuation and minority approval requirements based on the fair market value not exceeding $2.5 million for the related party portion.

FireFox filed a price reservation Form 4A with the TSX Venture Exchange regarding the offering price on May 13, 2026. The company has been exploring for gold in Finland since 2017 and maintains a portfolio of prospective ground in the country.