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Iris Metals Limited ( (AU:IR1) ) has provided an announcement.
Iris Metals Limited has secured shareholder approval for all resolutions put to its latest General Meeting, including a special resolution to amend its constitution. The changes, adopted by poll as of 26 March 2026, formalise that the company’s issue cap under section 1100V(2) of the Corporations Act is set at 15%, aligning its governance framework with Australian listing and corporate law requirements.
The constitutional amendment clarifies Iris Metals’ capacity to issue securities within a defined regulatory limit, which may streamline future capital management and funding activities for its U.S.-focused critical minerals portfolio. This governance update underpins the company’s ability to tap equity markets as it advances its lithium, other critical minerals and tungsten projects in supportive North American jurisdictions.
The most recent analyst rating on (AU:IR1) stock is a Sell with a A$0.09 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 Limited is an exploration company focused on pegmatite-hosted critical minerals, including lithium, rubidium, caesium, tantalum and beryllium, primarily in South Dakota in the United States. The company also holds rights to the high-grade Finley Basin Tungsten Project in Montana, diversifying its portfolio into tungsten, a key material for defence, aerospace, advanced manufacturing and energy applications, and strengthening its role in the U.S. critical minerals supply chain.
Average Trading Volume: 481,173
Technical Sentiment Signal: Sell
Current Market Cap: A$23.84M
For an in-depth examination of IR1 stock, go to TipRanks’ Overview page.