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An announcement from Iris Metals Limited ( (AU:IR1) ) is now available.
IRIS Metals Limited has announced the acquisition of the Tin Mountain Extension property, which adds 752 hectares to its existing Tin Mountain Project in South Dakota. This acquisition is part of IRIS’s strategy to consolidate high-potential lithium projects in the Black Hills, reinforcing its position as a dominant regional lithium explorer. The expansion supports the company’s goal of delivering a maiden mineral resource estimate by the end of 2025, aligning with the increasing U.S. demand for critical battery minerals.
More about Iris Metals Limited
IRIS Metals Limited is a company operating in the mining industry, focusing primarily on lithium exploration. The company is actively involved in expanding its footprint in the Black Hills region of South Dakota, USA, with a strategic focus on becoming a leading lithium explorer and near-term producer.
Average Trading Volume: 181,382
Technical Sentiment Signal: Sell
Current Market Cap: A$18.7M
Learn more about IR1 stock on TipRanks’ Stock Analysis page.