Iris Metals Limited (AU:IR1) has released an update.
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Iris Metals Limited has successfully secured $8 million through a share placement to boost its lithium exploration and development initiatives in South Dakota, USA. The placement, priced at $0.25 per share, received strong backing from both existing and new investors, including a significant investment from Nasdaq-listed Stardust Power Inc. The funds will be utilized for continued exploration activities, including defining a maiden lithium resource by 2025.
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