Discovery Alert covers Firebird Metals' $6 million placement at $0.15 per share. The raise was heavily oversubscribed and cornerstoned by tier-one institutions, and directors committed a further $585,000, subject to shareholder approval.

The funds will go towards a Western Australian R&D centre focused on high-purity manganese sulphate (HPMSM), pre-cathode materials and manganese-rich cathodes (LMFP and LMR), and towards Firebird's existing operations in China. The article highlights Firebird's patented co-synthesis process, which produces LMFP directly from HPMSM in solution, along with its high-efficiency kiln and crystallisation technologies.

It also notes the company's 234 Mt manganese resource base in WA across Oakover and Hill 616, and a global LMFP market forecast to exceed $20 billion a year by 2030.

Discovery Alert, 28 September 2025.

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