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Iris Metals Limited ( (AU:IR1) ) just unveiled an announcement.
Iris Metals Limited has disclosed a change in director Christopher Allan Evans’ indirect interests, with his trust entity acquiring 303,030 ordinary fully paid shares and 151,515 unlisted options. The shares were issued at $0.165 each as part of a shareholder-approved placement on 26 March 2026, with the attaching options granted for no additional consideration, modestly increasing the director’s equity exposure and aligning his interests more closely with other investors.
Following the transaction, Evans’ indirect holdings now comprise 303,030 ordinary shares and a mix of unlisted options with varying vesting and expiry dates, including the new options expiring in February 2029. The move signals continued director participation in capital-raising activities, which may be interpreted by the market as a sign of confidence in Iris Metals’ prospects and its ongoing funding and development plans.
The most recent analyst rating on (AU:IR1) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
More about Iris Metals Limited
Iris Metals Limited is an Australian-listed company operating in the resources sector. The company is focused on developing and managing mineral assets, with its securities traded on the ASX and its capital structure including ordinary fully paid shares and various classes of unlisted options.
Average Trading Volume: 455,706
Technical Sentiment Signal: Sell
Current Market Cap: A$24.84M
Learn more about IR1 stock on TipRanks’ Stock Analysis page.