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Iron Road Ltd ( (AU:IRD) ) has provided an announcement.
Iron Road has declined to grant a further extension to Revera Energy’s option to purchase a 24-hectare gulf-front land parcel known as Area C at Cape Hardy, meaning the $1 million purchase option has lapsed after the parties failed to agree alternative commercial terms. While Revera Energy retains options over the remaining 580 hectares earmarked for its proposed Cape Hardy Green Hydrogen Project, the expiry of the Area C option activates a buyback right for Iron Road, contingent on regulatory approval, and the failure to exercise any of the remaining options by mid-2027 would terminate related agreements for an advanced fuels hub, underscoring uncertainty over the partner’s long-term role in the project and preserving Iron Road’s strategic flexibility over the site.
The most recent analyst rating on (AU:IRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iron Road Ltd stock, see the AU:IRD Stock Forecast page.
More about Iron Road Ltd
Iron Road Ltd (ASX: IRD) is an Australian company with strategic landholdings at Cape Hardy on South Australia’s Eyre Peninsula, where it is pursuing development of port and advanced fuels infrastructure alongside potential green hydrogen projects with third-party partners.
Average Trading Volume: 290,839
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$18.31M
For detailed information about IRD stock, go to TipRanks’ Stock Analysis page.