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An announcement from Iris Metals Limited ( (AU:IR1) ) is now available.
IRIS Metals Limited reported a significant increase in losses for the half-year ending September 2025, primarily due to higher corporate costs and asset impairments. The company expanded its Tin Mountain lithium project in South Dakota and raised capital to support its exploration efforts. Additionally, the divestment of the Kookynie Gold Project provided non-dilutive funding and equity exposure, enhancing shareholder value.
More about Iris Metals Limited
IRIS Metals Limited is a resources and exploration company focusing on the exploration, evaluation, and acquisition of mining tenements. The company has projects in South Dakota, USA, and Western Australia, with a significant emphasis on lithium exploration in the Black Hills region.
Average Trading Volume: 608,213
Technical Sentiment Signal: Buy
Current Market Cap: A$55.79M
Find detailed analytics on IR1 stock on TipRanks’ Stock Analysis page.