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An update from Iris Metals Limited ( (AU:IR1) ) is now available.
Iris Metals has issued 32,727,276 new fully paid ordinary shares at $0.165 each as part of a capital raising, expanding its equity base to fund ongoing activities. The company confirmed the shares were issued without a prospectus under Australian Corporations Act exemptions and stated it is compliant with continuous disclosure and reporting obligations, with no excluded information identified, providing regulatory assurance to investors.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
More about Iris Metals Limited
Iris Metals Ltd is an exploration company focused on pegmatite-hosted critical minerals, including lithium, rubidium, caesium, tantalum and beryllium, in South Dakota, U.S. Its large project area is in a mining-friendly jurisdiction, giving it leverage to growing battery metals demand and U.S. incentives for domestically sourced critical minerals.
Average Trading Volume: 463,546
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$38.5M
Learn more about IR1 stock on TipRanks’ Stock Analysis page.