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Iris Metals Limited ( (AU:IR1) ) has issued an announcement.
Iris Metals Limited announced significant progress in its lithium projects, particularly at the Beecher and Edison Projects in South Dakota, with promising drilling results and resource estimates. The company is advancing towards project development and near-term production, supported by a recent $4.27 million share placement to fund ongoing activities, including drilling and feasibility studies. Iris Metals is also planning to establish a regional processing facility and aims to finalize site selection by year-end, marking a transformative year as it shifts from exploration to production.
More about Iris Metals Limited
Iris Metals Limited is a company operating in the lithium industry, focusing on becoming a leading supplier in the dynamic US lithium market. The company is involved in exploration and development projects, particularly in South Dakota, with a focus on lithium and critical minerals.
Average Trading Volume: 534,710
Technical Sentiment Signal: Sell
Current Market Cap: A$18.36M
See more data about IR1 stock on TipRanks’ Stock Analysis page.