Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Iris Metals Limited ( (AU:IR1) ) is now available.
Rapid Critical Metals Limited has entered into a Sale Purchase Agreement with Iris Metals Limited for the sale of its Ingersoll project properties in South Dakota, USA. The transaction involves a share issuance worth US$625,000 and a US$50,000 cash payment to Rapid. Additionally, the company has completed the sale of the Tin Mountain Project, also to Iris Metals, which includes a share issuance and a cash payment to the original claim vendor, F3 Gold LLC. This strategic move allows Rapid to focus on its core projects while Iris Metals assumes obligations related to the Tin Mountain Project, potentially impacting future production costs and exploration advancements.
More about Iris Metals Limited
Rapid Critical Metals is an ASX-listed explorer focused on advancing high-grade silver and critical mineral projects in Tier-1 jurisdictions, including the Webbs and Conrads Silver Projects in New South Wales and the Prophet River Gallium–Germanium Project in British Columbia, Canada. The company is fully funded following a $10.5M capital raise in July 2025, positioning it to accelerate exploration with multiple near-term catalysts ahead.
Average Trading Volume: 600,667
Technical Sentiment Signal: Sell
Current Market Cap: A$21.05M
For a thorough assessment of IR1 stock, go to TipRanks’ Stock Analysis page.