Iris Metals Limited (AU:IR1) has released an update.
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Iris Metals Limited has announced the issuance of 1,725,000 fully paid ordinary shares, arising from the conversion of options and incentive plan allotments. The company’s compliance with relevant regulations was confirmed, and the shares were issued without disclosure under certain conditions of the Corporations Act. Iris Metals, which has a strong presence in the hard rock lithium sector in South Dakota, is poised to capitalize on the growing demand for battery metals and the push for domestic sourcing of critical minerals.
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