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Armada Metals Ltd. ( (AU:RCM) ) has issued an update.
IRIS Metals Limited has expanded its Tin Mountain Project in South Dakota by acquiring the 752-hectare Tin Mountain Extension property, enhancing its exploration potential and solidifying its position as a leading lithium explorer in the region. This strategic acquisition, which includes 93 federal mining claims, aligns with the company’s goal of delivering a maiden mineral resource estimate by the end of 2025, thereby positioning IRIS to meet the growing U.S. demand for critical battery minerals.
More about Armada Metals Ltd.
IRIS Metals Limited is a prominent player in the lithium exploration industry, focusing on expanding its presence in the U.S. market. The company is engaged in the exploration and development of lithium resources, particularly in the Black Hills region of South Dakota, known for its rich lithium pegmatites. IRIS Metals employs a ‘Hub & Spoke’ strategy aimed at centralized processing and near-term production to meet the increasing demand for critical battery minerals.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.83M
Find detailed analytics on RCM stock on TipRanks’ Stock Analysis page.