IRIS Metals (ASX:IR1) has requested a voluntary suspension from trading on the ASX. This follows a previous trading halt on November 1, 2024. The suspension is related to an announcement about a capital raising program and is expected to remain in effect until the pre-opening of trading on November 12, 2024. No additional information is required to be disclosed at this time.
IRIS Metals Limited has initiated a voluntary suspension from the ASX as it prepares to announce a capital raising program. The suspension is slated to last until November 12, 2024, aligning with the company's strategic financial planning. IRIS Metals is an exploration company focusing on lithium in South Dakota, USA, benefiting from government incentives for critical minerals. The company's strategy involves leveraging the historical significance of the Black Hills region, known for lithium deposits, to capitalize on the growing demand for battery metals. This move reflects IRIS Metals' efforts to enhance its financial capacity and support its exploration ventures.
The announcement was approved by the Board and communicated by David Franks on behalf of IRIS Metals Ltd.