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Iris Metals Limited ( (AU:IR1) ) has shared an announcement.
Iris Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed capital raising via a placement and related option issues. Under the proposal, the company plans to issue 32,727,276 fully paid ordinary shares and a total of 20,363,638 options across two new option classes expiring in February 2029, with different exercise prices. The placement, scheduled for 10 February 2026, will expand Iris Metals’ capital base and may provide additional funding flexibility, while the longer-dated options structure could align investor incentives with the company’s medium‑term growth outlook and potentially increase future equity if exercised.
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.