TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Iris Metals Limited ( (AU:IR1) ) just unveiled an update.
IRIS Metals Limited has entered into a Collaboration Agreement with Rock Zero Inc. to enhance lithium refining capacity in the U.S. by combining IRIS’s lithium resources in South Dakota with Rock Zero’s innovative refining technology. This partnership aims to secure non-dilutive U.S. government funding to establish a domestic lithium supply chain. The collaboration has demonstrated promising results, achieving over 95% lithium extraction without high-temperature roasting, suggesting a cost-effective and environmentally friendly alternative to conventional methods. This strategic move positions IRIS to play a critical role in the U.S. lithium market, potentially impacting stakeholders by providing a resilient and sustainable supply chain for critical minerals.
More about Iris Metals Limited
IRIS Metals Limited (ASX: IR1) is an exploration company with a focus on hard rock lithium assets located in South Dakota, United States. The company is positioned in a mining-friendly jurisdiction, providing strong exposure to the battery metals sector and benefiting from U.S. government incentives for locally sourced critical minerals. The Black Hills region, where IRIS operates, is historically significant for lithium mining, known for its large lithium spodumene crystals.
Average Trading Volume: 756,386
Technical Sentiment Signal: Buy
Current Market Cap: A$59.43M
For detailed information about IR1 stock, go to TipRanks’ Stock Analysis page.