Iris Metals Limited (AU:IR1) has released an update.
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Iris Metals Limited has successfully issued 2.5 million fully paid ordinary shares following the conversion of options, as per the regulatory announcement on the ASX. The Company confirms its adherence to the Corporations Act requirements and asserts that no material information has been withheld from investors. The newly issued shares are part of the company’s expansion in the US lithium exploration sector, notably in South Dakota’s Black Hills region which is known for its significant lithium resources.
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