Iris Metals Limited (AU:IR1) has released an update.
IRIS Metals Limited has achieved a significant milestone by transforming spodumene concentrate from its Beecher Project into 99.5% battery-grade lithium carbonate in the United States, marking a key advancement in the nation’s pursuit of self-reliant critical mineral supply chains. This development signals IRIS’s transition from exploration to imminent lithium production, with a maiden mineral resource estimate expected in early 2025. The company has also entered into a memorandum of understanding with ReElement Technologies to further explore bulk testing and establish a commercial supply for the U.S. market.
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