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IRIS METALS LIMITED (IR1)

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ASX, Legal & CGT Status

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Our website ranking of IR1: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000166134
Address: Level 2 38 Rowland Street Subiaco WA 6008
Tel:  +61 2 8072 1400

Date first listed: 23/09/2021

Activities: Mining exploration in Australia

News & Events

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The suspension of trading in the securities of Iris Metals Limited will be lifted from the commencement of trading today, Wednesday, 21 June 2023 following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

21/06/2023

IRIS Metals completes oversubscribed A$15M capital raise at A$1.00 per share (including a one for two attaching option with an exercise price of $1.50, expiring two years from issue date). The raise was cornerstoned by Waratah's Electrification and Decarbonization AIE LP Fund. Funds will be directed toward drilling and development of the recently acquired Beecher and Edison lithium Projects and exploration of the 2,387 BLM claims. IRIS Metals has patented claims (effectively Mining Licenses) granted over the eecher Project and will undertake drilling to test for lithium spodumene mineralization at this historic lithium producing mines.

19/06/2023

The company releases the following: Appendix 1A, Information Form and Checklist, Information Form and Checklist Annexure 1 (Mining Entities), Prospectus, Supplementary Prospectus, Constitution, Appendix 4G and Corporate Governance Statement, Securities Trading Policy, Holdings Range Report, Top 20 Holders Report and Pre-Reinstatement Confirmations.

19/06/2023

The securities of IR1 will be reinstated to quotation at 10:04:30AM (+/- 15 seconds) AEST on Wednesday, 21 June 2023, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. IR1 raised $15,000,000 pursuant to the offer under its prospectus dated 18 April 2023, as supplemented by the supplementary prospectus dated 2 June 2023, by the issue of 15,000,000 shares at an issue price of $1.00 per share and 7,500,000 unquoted options exercisable at $1.50 per option expiring on Saturday, 14 June 2025.

19/06/2023

The company releases an updated notice of proposed issue of securities - IR1.

13/06/2023

The company releases a supplementary prospectus.

02/06/2023

The company releases an updated notice of proposed issue of securities.

01/06/2023

The company releases a notice of application for quotation of securities.

12/05/2023

The company releases the results of its meeting.

05/05/2023

The company lodges its Quarterly Activities and Cash Flow Report.

28/04/2023

The company releases a notice of proposed issue of securities.

18/04/2023

The company releases a prospectus for an offer of up to 15,000,000 Shares at an issue price of $1.00 per Share to raise up to $15,000,000, together with one free attaching Option for every two Shares subscribed for and issued.

18/04/2023

A general meeting of shareholders will be held at 10:00am AEST on 5 May 2023 as a Virtual Meeting Level 6 400 Collins Street Melbourne Vic 3000.

31/03/2023

IRIS Metals Limited to acquire the historic Longview and Beecher mines near Custer in South Dakota. The Longview and Beecher mines fall under the surface area of the existing granted mining licenses. IRIS is the only mining company in the USA with approvals to mine hard rock lithium spodumene. This purchase complements the mining agreements previously announced covering the Black Diamond Mine and Beecher Extended prospect; with IRIS now controlling the Historic Beecher Lithium mining trend. IRIS will also acquire the historic Edison Lithium Mine and an additional 313 BLM claims in the Keystone and Tinton districts of South Dakota. IRIS is the largest holder of lithium mining claims in South Dakota with a vision to become a leading supplier of lithium to the North American battery metals industry.

31/03/2023

The company releases a notification regarding unquoted securities.

31/01/2023

The company releases a notice of application for quotation of securities.

31/01/2023

The company as received an investment of A$1,500,000 from the Electrification and Decarbonization AIE LP Fund, a fund managed by Waratah Capital Advisors Ltd. IRIS will issue 1,500,000 fully paid ordinary shares at a price of $1 per Share through a placement including the issue of 750,000 options in the Company, being 1 new option for every 2 shares subscribed. The Placement Options will have an exercise price of $1.50 and will be exercisable within 2 years from the date of issue. The funds raised under the Placement will be used to meet the costs of re-complying with Chapters 1 and 2 of the ASX Listing Rules and the ongoing operating costs for the advancement of the South Dakota Lithium Project. Waratah have agreed to subscribe for an additional 2,000,000 Shares at $1 per share in the upcoming public offering, which will be completed on the same terms as the Placement.

31/01/2023

The company lodges its Quarterly Report for the Period Ended 31 December 2022.

31/01/2023

The securities of IRIS Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of IR1, pending the release of an announcement regarding a capital raising and proposed transaction.

23/12/2022

The suspension of trading in the securities of Iris Metals Limited is expected to be lifted from the commencement of trading on Tuesday, 24 May 2022 following the release by IR1 of the announcement regarding the South Dakota Project and associated capital raise.

23/05/2022

The company releases a notice of proposed issue of securities.

23/05/2022

IRIS to acquire 100% of highly prospective and strategic hard rock lithium projects through the acquisition of White Rock, L.L.C. in the Tier-1 Jurisdiction of South Dakota, USA. Within the greater South Dakota Project there are 2 sub projects: Dewy Project and Custer Project. Combined total land holdings of approximately 10,846 Acres (approximately 4,400 Ha), across 525 Claims. An abundance of mapped pegmatites are located within the project areas including historical lithium bearing mines. Experienced South Dakota-based in country consultant, RRL Consulting, appointed to assist with ongoing business development activities and on budget. Experienced geological team to progress exploration program, headed by, Chris Connell. $2.0 million placement completed to support the acquisition and provide working capital to be directed to the acquisition and initial exploration in South Dakota. Exploration to commence immediately post completion of the acquisition, starting with field mapping activities and geochemical works. US President Joe Biden has recently invoked the Defense Production Act in an effort to encourage domestic production of battery materials within the United States. IRIS' USA Strategy is, through the process of exploration and development, to become a leading supplier of lithium to the North American Battery Metals industry. IRIS' WA strategy remains on track with expenditure and plans remaining unchanged and continuing to progress on plan and on budget.

23/05/2022

The company lodges its Quarterly Report for the Period Ended 31 March 2022.

29/04/2022

The company identified a new project which it is in negotiations to acquire. As the company is presently continuing these new discussions, its securities will remain in voluntary suspension pending the outcome of these new negotiations.

29/04/2022

The company releases a notice of application for quotation of securities.

02/03/2022

Highly encouraging results received from drilling completed at the 100%-owned Kookynie Gold Project in WA. RC drilling at the Lily Prospect intersected high-grade gold mineralisation. RC Drilling at the Big E prospect intersected shallow high-grade gold. RC Drilling at the Rise and Shine, Treasure, and Whale prospects all returned notable gold mineralisation supporting the significant potential of the Kookynie Gold Project. Planning is currently underway for a much broader 2022 Exploration program to include surface geochemistry, regional Aircore drilling, and follow up RC drilling.

21/02/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

28/01/2022

IRIS notes that the material transaction could result in ASX determining that the Company has undergone a change of its activities. The d result in ASX determining that the Company has undergone a change of its activities. Accordingly, the Company's securities will remain suspended until it has either complied with Chapters 1 and 2 of the Listing Rules under Listing Rule 11.1.3, or provided ASX with sufficient information to satisfy ASX that it should not exercise its discretion under Listing Rule 11.1.2 to require the transaction to be conditional on approval by Company's ordinary security holders, and under Listing Rule 11.1.3 to require the Company to re-comply with Chapters 1 and 2 of the Listing Rules.

24/01/2022

The following restricted securities will be released from escrow on 2 March 2022: IR1AA: 9,350,001: to be listed - fully paid ordinary shares.

21/01/2022

The voluntary suspension will remain in place until an announcement regarding the stated purpose is released to the market subject to regulatory requirements associated with the stated Purpose. IRIS is currently targeting release of an announcement prior to Monday, 24 January 2022.

17/01/2022

The securities of IRIS Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of IR1, pending the release of an announcement regarding a material acquisition.

10/01/2022

listed entity carried for record purposes only

23/09/2021

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    22/01/2024Simon Lill150,000$0.678$101,650

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Peter MarksChairman23/09/2021
    Damien HendersonCFO31/03/2023
    Tal PanethExecutive Director23/09/2021
    Chris ConnellExecutive Director23/09/2021
    David FranksCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Simon LillNon Exec Chairman23/09/202120/03/2024
    Bruce SmithNon Exec Director31/03/202320/03/2024
    Luke ManosCFO23/05/202231/03/2023
    William LimCFO23/05/2022

    Date of first appointment, title may have changed.