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Iris Metals Limited
(Sydney:IR1)
Iris Metals Limited (IR1) vs. iShares MSCI Australia ETF (EWA)
Iris Metals Limited Business Overview & Revenue Model
Iris Metals Limited Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -101.81K | -88.69K | -52.26K | -10.51K | -4.43K | 0.00 |
| EBITDA | -7.82M | -4.51M | -15.58M | -12.12M | -1.89M | -1.80M |
| Net Income | -7.88M | -5.62M | -17.32M | -12.13M | -3.24M | -1.80M |
Balance Sheet | ||||||
| Total Assets | 40.66M | 44.45M | 41.43M | 12.74M | 4.41M | 502.10K |
| Cash, Cash Equivalents and Short-Term Investments | 1.73M | 4.17M | 9.79M | 675.42K | 4.19M | 496.42K |
| Total Debt | 0.00 | 0.00 | 0.00 | 72.53K | 0.00 | 0.00 |
| Total Liabilities | 478.76K | 355.38K | 1.50M | 825.79K | 199.21K | 305.56K |
| Stockholders Equity | 40.19M | 44.09M | 39.93M | 11.92M | 4.21M | 196.54K |
Cash Flow | ||||||
| Free Cash Flow | -1.75M | -12.73M | -13.39M | -6.97M | -1.30M | -737.45K |
| Operating Cash Flow | -1.67M | -3.17M | -4.36M | -1.78M | -1.25M | -737.45K |
| Investing Cash Flow | -8.11M | -9.56M | -8.91M | -5.19M | -54.25K | 0.00 |
| Financing Cash Flow | 10.95M | 7.15M | 22.38M | 3.45M | 6.38M | 1.23M |
Iris Metals Limited Technical Analysis
Iris Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$38.53M | -56.86 | -2.49% | ― | ― | 37.50% | |
49 Neutral | AU$50.42M | -6.92 | -19.04% | ― | ― | -4.00% | |
49 Neutral | AU$32.37M | -6.78 | -7.34% | ― | ― | ― | |
47 Neutral | AU$51.83M | -4.11 | -20.41% | ― | 400.00% | 21.71% | |
44 Neutral | AU$31.05M | -1.26 | -30.19% | ― | ― | 9.01% |
Iris Metals Limited Corporate Events
Iris Metals Limited has notified the market of the issue of several tranches of unquoted options, all expiring on 10 February 2029, under new security classes that are not intended to be quoted on the ASX. The company is issuing a total of 20,363,638 options with different exercise prices, formalising previously flagged equity arrangements and modestly expanding its pool of potential future equity capital.
These unquoted options, documented via an Appendix 3G filing, follow earlier Appendix 3B disclosures and represent structured incentive or financing-related securities rather than immediate dilution through new listed shares. The move provides additional flexibility in Iris Metals’ capital structure, with any future exercise of the options potentially supplying new funds while deferring near-term impact on the public float.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
Iris Metals has issued 32,727,276 new fully paid ordinary shares at $0.165 each as part of a capital raising, expanding its equity base to fund ongoing activities. The company confirmed the shares were issued without a prospectus under Australian Corporations Act exemptions and stated it is compliant with continuous disclosure and reporting obligations, with no excluded information identified, providing regulatory assurance to investors.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
Iris Metals Limited has lodged an application with the ASX for quotation of 32,727,276 ordinary fully paid shares. The new securities, issued on 10 February 2026, will be admitted to trading under the company’s existing IR1 ticker, expanding its quoted share capital and potentially increasing market liquidity for investors.
The application indicates these shares arise from previously announced transactions, formalising their transition to fully tradeable status on the exchange. The enlarged pool of quoted securities may broaden the company’s shareholder base and could support future capital management or strategic initiatives, depending on how the market responds to the increased float.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
Iris Metals Limited has released an updated investor presentation outlining its activities and project portfolio to the market. The refreshed materials are intended to provide current and prospective shareholders with clearer insight into the company’s critical minerals exploration strategy in South Dakota and its positioning within the rapidly evolving battery metals space.
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.
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.
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.
IRIS Metals Limited has secured firm commitments to raise A$5.5 million through a placement of new shares at A$0.165 per share to new and existing institutional and sophisticated investors, priced at a 15.4% discount to recent trading levels and accompanied by free unlisted options. The funds will be used to accelerate key workstreams across its US critical minerals portfolio, including maiden and updated mineral resource estimates for lithium and rubidium at the Tin Mountain and Beecher projects, ore sampling and studies to enable early DSO sales from the permitted Beecher project, as well as exploration drilling, vendor and farm-in payments, and permitting at other projects, bolstering the company’s balance sheet and advancing its strategy to become a near-term US critical minerals producer.
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.
Iris Metals Limited has notified the market that 500,000 listed options (ASX code IR1AK), exercisable at $1.20 and due to expire on 31 January 2026, have lapsed unexercised. The expiry of these options slightly reduces the company’s potential future dilution from option conversion but does not immediately affect its current issued share capital, representing a routine adjustment to its capital structure disclosed in line with ASX requirements.
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.
Iris Metals Limited has requested and been granted a trading halt on its securities on the ASX, effective from 30 January 2026, as it prepares a market announcement. The halt, which will remain in place until either 3 February 2026 or the release of the pending announcement, is tied to a planned capital raising program, signalling that the company is seeking fresh funding that could influence its balance sheet, future project development and the value proposition for existing shareholders.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
Iris Metals Limited has notified the ASX of the issue of 1.5 million unquoted options under its employee incentive scheme, exercisable at $0.20 and expiring on 14 November 2027. The new options, which will not be quoted on the ASX, form part of the company’s broader remuneration and retention strategy, modestly increasing its pool of potential equity and aligning employees’ interests with long‑term shareholder value.
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.
Iris Metals Limited has reported a change in director Kevin Smith’s holdings following the conversion of vested performance rights into ordinary fully paid shares. The transaction, conducted on 19 January 2026, saw Smith dispose of 500,000 Class B performance rights that had vested and convert them into 500,000 additional ordinary shares, increasing his direct shareholding, with no cash consideration involved since the change arose purely from the conversion of previously issued equity incentives.
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.
IRIS Metals has issued 500,000 new shares following the conversion of performance rights and a further 5,341,878 fully paid ordinary shares at a deemed price of $0.09 as part consideration for the acquisition of the Ingersoll Property under a previously approved share sale agreement. The company has confirmed that these shares were issued without a prospectus under relevant Australian corporate law, that it remains compliant with its continuous disclosure and financial reporting obligations, and that there is no excluded information, effectively cleansing the new shares for secondary trading and supporting the ongoing consolidation of its critical minerals asset base in South Dakota.
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.
Iris Metals Limited has applied to the ASX for quotation of 5,341,878 new fully paid ordinary shares, with an issue date of 19 January 2026. The additional securities, issued under a previously announced transaction, will expand the company’s quoted share capital and may enhance its liquidity and funding flexibility as it advances its mineral exploration and development activities.
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.
Iris Metals Limited has applied to the ASX for quotation of an additional 500,000 fully paid ordinary shares, to be traded under its existing ticker IR1. The new securities, issued on 19 January 2026 following the exercise or conversion of existing options or other convertible instruments, modestly expand the company’s quoted capital base and may incrementally enhance liquidity for shareholders without indicating any broader change to its operations or strategy.
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.
Iris Metals has identified a significant high-grade rubidium discovery at its Beecher Project in South Dakota, following a review of 117 drill holes that returned 45 intercepts above 2 metres at 0.20% Rb₂O, including standout grades up to 0.50% Rb₂O. The new rubidium results, to be incorporated into a maiden rubidium mineral resource estimate targeted for late Q1–early Q2 2026, augment Beecher’s existing 2.20 Mt at 1.05% Li₂O lithium resource and position the project among the world’s highest-grade rubidium deposits, strengthening Iris Metals’ ambitions to develop a premier US multi-commodity critical minerals hub and enhance its role in Western rubidium and lithium supply.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
Iris Metals Limited has announced that 6.5 million listed options with an exercise price of A$0.40, due to expire on 31 December 2025, have lapsed unexercised. The expiry of these options without conversion marginally reduces the company’s potential future share dilution but has no immediate impact on its existing capital structure, signalling that holders chose not to convert at current market conditions.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
Iris Metals Limited has announced a proposed issuance of up to 4,000,000 fully paid ordinary shares, with the issue date set for March 31, 2031. This move signifies the company’s effort to enhance its financial capacity, potentially supporting future exploration projects or strategic initiatives, which could have notable implications for its stakeholders and industry positioning.
Iris Metals Limited announced its intention to issue up to 600,000 fully paid ordinary securities under a new placement. The proposed issuance, set for March 31, 2026, aims to support the company’s growth objectives and may impact its market engagement and financial resources, signaling potential strategic advancements and opportunities for its stakeholders.
IRIS Metals Limited has signed a binding Heads of Agreement with Finley Mining Inc. to acquire farm-in rights for the high-grade Finley Basin Tungsten Project located in Montana, USA. This move marks the company’s entry into tungsten, a critical mineral essential for defense, energy, and technology applications, complementing its existing U.S. critical minerals portfolio. The deal permits IRIS to earn up to 100% ownership through staged exploration investments and positions the company to benefit from U.S. critical mineral policies and incentives. Exploration is set to commence in 2026, emphasizing resource expansion and development to meet growing domestic demand and counter geopolitical supply chain vulnerabilities.
Iris Metals Limited announced a change in the director’s interest, specifically concerning Christopher Allan Evans, who has been appointed as a Non-Executive Director. As part of his remuneration, Evans has been issued 2,000,000 unlisted options under the company’s Employee Securities Incentive Plan, which will vest over a period of 12 months, contingent upon his continued directorship.
Iris Metals Limited announced the issuance of 2,000,000 unquoted equity securities in the form of options expiring in 2027 and 2028. This move is part of an employee incentive scheme, potentially impacting the company’s operational strategies and stakeholder interests by aligning employee incentives with long-term company growth.
IRIS Metals Limited reported a significant increase in losses for the half-year ending September 2025, primarily due to higher corporate costs and asset impairments. The company expanded its Tin Mountain lithium project in South Dakota and raised capital to support its exploration efforts. Additionally, the divestment of the Kookynie Gold Project provided non-dilutive funding and equity exposure, enhancing shareholder value.
IRIS Metals Limited has requested a voluntary suspension of its securities from the Australian Securities Exchange pending an announcement related to a capital raising program. The suspension will remain in effect until the company releases this announcement, expected by the pre-opening of trading on December 17, 2025.
IRIS Metals Limited has requested a trading halt on its securities listed on the Australian Securities Exchange (ASX) as it prepares to make an announcement regarding a capital raising program. The halt is expected to last until the earlier of the start of normal trading on December 12, 2025, or the release of the announcement. This strategic move indicates a potential shift in the company’s financial strategy, which could impact its market positioning and stakeholder interests.
Iris Metals Limited has announced the appointment of Christopher Allan Evans as a Non-Executive Director, effective December 1, 2025. As part of his appointment, Mr. Evans will receive 2,000,000 unlisted ZEPOs, which are set to vest in two tranches over the next twelve months, contingent on his continued directorship. This strategic addition to the board is expected to enhance the company’s leadership and potentially influence its future direction.
IRIS Metals Limited has appointed Chris Evans, a seasoned executive in the lithium and critical minerals sector, as a Non-Executive Director to its board. This strategic move aims to enhance the company’s corporate and investor relations capabilities in Australia while maintaining operational control in the U.S. Evans’ expertise will support IRIS’s strategy to pursue a dual listing on a major U.S. stock exchange, which is expected to expand its North American footprint and improve liquidity and investor access. The appointment reflects IRIS’s commitment to becoming a key supplier of critical minerals for the North American market, leveraging Evans’ extensive experience and network across both continents.
IRIS Metals Limited has released an updated investor presentation in preparation for upcoming virtual meetings with brokers, institutional funds, and potential investors. This initiative is part of the company’s efforts to strengthen its market presence and attract investment, leveraging its strategic position in the US critical minerals sector.
IRIS Metals Limited has entered into a Collaboration Agreement with Rock Zero Inc. to enhance lithium refining capacity in the U.S. by combining IRIS’s lithium resources in South Dakota with Rock Zero’s innovative refining technology. This partnership aims to secure non-dilutive U.S. government funding to establish a domestic lithium supply chain. The collaboration has demonstrated promising results, achieving over 95% lithium extraction without high-temperature roasting, suggesting a cost-effective and environmentally friendly alternative to conventional methods. This strategic move positions IRIS to play a critical role in the U.S. lithium market, potentially impacting stakeholders by providing a resilient and sustainable supply chain for critical minerals.
Iris Metals Limited has announced the issuance of unquoted equity securities, including options expiring between 2026 and 2027. This move is part of an employee incentive scheme and reflects the company’s strategy to enhance its operational capabilities and incentivize its workforce, potentially impacting its market positioning and stakeholder engagement.