Iris Metals is expanding through acquisitions and drilling

Iris Metals Limited (AU:IR1) has released an update.

Resource exploration company Iris Metals Limited reported a loss of $17.32 million for the year ended March 2024, an increase compared to the previous year. The company raised $15 million through a share offering and commenced a significant drilling campaign in South Dakota that yielded promising high-grade lithium zones. In addition, Iris Metals completed the strategic acquisitions of Longview Minerals LLC and the patented Edison claim to strengthen its asset portfolio.

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