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Iris Metals Limited ( (AU:IR1) ) has issued an update.
IRIS Metals Limited announced the release of 7,455,912 shares from voluntary escrow and the upcoming expiry of 6,500,000 options, both set for December 31, 2025. This development is part of the company’s strategic financial maneuvers, potentially impacting its market operations and stakeholder interests by increasing share liquidity and providing options holders with a decision point.
More about Iris Metals Limited
IRIS Metals Limited is a company involved in the mining industry, focusing on lithium mining projects in the Black Hills of South Dakota. The company controls numerous federal mineral claims and has agreements over patented claim blocks, with projects such as the Beecher Project, Tin Mountain Project, and others. IRIS is advancing the Beecher Project towards near-term development with granted mining licenses for lithium pegmatite mining.
Average Trading Volume: 759,618
Technical Sentiment Signal: Buy
Current Market Cap: A$63.61M
See more insights into IR1 stock on TipRanks’ Stock Analysis page.