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Iris Metals Limited ( (AU:IR1) ) has provided an update.
IRIS Metals Limited announced an increase in the annual salary of its Executive Chair, Mr. Peter Marks, to $260,000 plus superannuation, effective from January 2025, following a review of director salaries. Additionally, a short term incentive bonus of $25,000 has been awarded. This remuneration update reflects the company’s efforts to align its leadership compensation with market standards, potentially impacting its operational focus and strategic direction in the competitive lithium exploration industry.
More about Iris Metals Limited
IRIS Metals Limited (ASX:IR1) is an exploration company focused on developing assets highly prospective for hard rock lithium in South Dakota, United States. The company’s South Dakota Project is strategically located in a mining-friendly jurisdiction, offering exposure to the battery metals sector and benefiting from U.S. government incentives for locally sourced critical minerals. The region, known for its rich mining history, features extensive LCT-pegmatites with significant volumes of lithium spodumene.
YTD Price Performance: 12.50%
Average Trading Volume: 179,244
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$47.67M
For a thorough assessment of IR1 stock, go to TipRanks’ Stock Analysis page.
