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Iris Metals Limited ( (AU:IR1) ) just unveiled an announcement.
IRIS Metals Limited has announced the upcoming release of 50,000 fully paid ordinary shares from voluntary escrow on 1 March 2025. This release signifies a key operational development for the company, potentially enhancing its liquidity and market presence. The move aligns with IRIS Metals’ strategic focus on leveraging its substantial lithium assets in the US, which could further strengthen its position in the battery metals market.
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 is strategically positioned in a mining-friendly jurisdiction, benefiting from US government incentives for locally sourced critical minerals. The region, particularly the Black Hills, is renowned for its extensive history in mining and significant lithium spodumene deposits.
YTD Price Performance: -4.17%
Average Trading Volume: 357,258
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$40.61M
See more data about IR1 stock on TipRanks’ Stock Analysis page.