30 March 2026
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF), is pleased to announce a non-brokered private placement to raise gross proceeds of approximately $61.5 million, with participation from strategic investors, including JX Advanced Metals Corporation (“JX”) and the Lundin Family Trusts (as defined below). Proceeds from the Offering (as defined below) will support the advancement of exploration and development activities at the Company’s Macpass, Mactung, and Gayna projects located in northern Canada, as well as ongoing planning for regional infrastructure improvements and general working capital and corporate purposes.
Ian Gibbs, President and CEO of Fireweed Metals, stated,
“JX Advanced Metals has a long track record of partnering with Lundin Group companies, and we are very pleased to further strengthen this relationship through their strategic investment in Fireweed. As a global leader in advanced materials and a key participant in the semiconductor supply chain, JX brings deep expertise in markets where high-purity materials, including tungsten, play an important role in enabling next-generation technologies. Their growing presence in the United States, including a new facility in Mesa, Arizona, further highlights the strategic importance of these materials to the North American industrial base. We believe their investment underscores Fireweed’s positioning within a critical supply chain supporting the continued growth of advanced semiconductors and other strategic technologies and industries.”