IRIS Metals (ASX:IR1) has announced a voluntary suspension of its securities from quotation. This decision aligns with ASX Listing Rule 17.2, following a trading halt initiated on December 3, 2024. The suspension will remain until the company issues an announcement related to its recent capital raising efforts, anticipated by the pre-opening of trading on December 6, 2024.
IRIS Metals is navigating a crucial phase with the voluntary suspension of its securities, pending a significant announcement about its capital raising efforts. The suspension is expected to be lifted by December 6, 2024. As a mining exploration company with a focus on hard rock lithium assets in South Dakota, IRIS Metals stands to benefit from U.S. government incentives for critical mineral sourcing. The company is poised to leverage the rich mining history of the Black Hills region, known for its substantial lithium spodumene deposits. Forward-looking statements in the announcement suggest potential risks and uncertainties, yet underline IRIS Metals’ strategic ambitions in the battery metals sector. The announcement also clarifies that it does not pertain to a securities offer in the United States.
IRIS Metals has requested a voluntary suspension pending an announcement regarding its capital raising program. The company is not aware of any reasons why this suspension should not be granted.