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Iris Metals Limited ( (AU:IR1) ) just unveiled an announcement.
Iris Metals Limited has outlined plans for a new capital raising via a placement, proposing to issue up to 606,060 fully paid ordinary shares and 303,030 options exercisable at $0.2475 and expiring on 10 February 2029. The proposed issue, scheduled for 2 April 2026, is intended to expand the company’s capital base, potentially providing additional financial flexibility for its ongoing activities and supporting its market positioning by increasing liquidity in its shares and options on the ASX.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.19 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
Average Trading Volume: 480,190
Technical Sentiment Signal: Sell
Current Market Cap: A$48.43M
Find detailed analytics on IR1 stock on TipRanks’ Stock Analysis page.