New Risk • Aug 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.0m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.2m free cash flow). Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.0m market cap, or US$9.87m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Ankündigung • Jul 12
IRIS Metals Limited, Annual General Meeting, Aug 12, 2026 IRIS Metals Limited, Annual General Meeting, Aug 12, 2026. Location: in the marshall room, claremont football club, 3 davies road, claremont, Australia New Risk • Jun 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m (AU$18k revenue, or US$13k). Minor Risk Market cap is less than US$100m (AU$15.7m market cap, or US$10.8m). Ankündigung • Feb 03
IRIS Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5.500001 million. IRIS Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 5.500001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,727,276
Price\Range: AUD 0.165
Discount Per Security: AUD 0.0099
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 606,060
Price\Range: AUD 0.165
Discount Per Security: AUD 0.0099
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jan 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m (AU$100k revenue, or US$67k). Minor Risk Market cap is less than US$100m (AU$50.9m market cap, or US$34.1m). New Risk • Dec 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$11m free cash flow). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m (AU$100k revenue, or US$67k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$55.8m market cap, or US$37.1m). New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$18.8m market cap, or US$12.3m). Ankündigung • Jul 31
IRIS Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.266507 million. IRIS Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.266507 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,505,907
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,805,938
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,882,352
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Jul 28
IRIS Metals Limited, Annual General Meeting, Aug 29, 2025 IRIS Metals Limited, Annual General Meeting, Aug 29, 2025. Location: at suite 205, 9-11claremont street, as a physical only meeting, south yarra vic 3141 Australia New Risk • Jul 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$15.3m market cap, or US$9.98m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Ankündigung • Jul 02
IRIS Metals Limited (ASX:IR1) entered into a binding sale purchase agreement to acquire 93 federal mining claims in Tin Mountain property in South Dakota from Rapid Critical Metals Limited (ASX:RCM) for $0.85 million. IRIS Metals Limited (ASX:IR1) entered into a binding sale purchase agreement to acquire 93 federal mining claims in Tin Mountain property in South Dakota from Rapid Critical Metals Limited (ASX:RCM) for $0.85 million on July 1, 2025. The consideration includes: a share issuance of $550,000 payable in IR1 shares, subject to shareholder approval at the Annual General Meeting scheduled for August 29, 2025; a cash payment of $300,000 to the original claim vendor, F3 Gold LLC, completed on June 30, 2025; and a retention by F3 Gold LLC of a 2% gross revenue royalty on future production from the 93 claims. Upon shareholder approval and share issuance, IRIS will control 100% of the TME property. New Risk • Jun 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$18.5m market cap, or US$12.1m). New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$35.3m market cap, or US$21.8m). Ankündigung • Feb 12
IRIS Metals Limited Announces Appointment of Anthony Collins as Non-Executive Director, Effective 12 February 2025 IRIS Metals Limited announced the appointment of Mr. Anthony Collins to the board as a Non-Executive Director, effective 12 February 2025. Mr. Collins brings over 30 years of global financial and commodity market expertise to IRIS Metals. As Managing Director of USQ Securities LLC, he specialises in diversifying share registers, securing project finance and expanding market reach for high-growth companies, particularly in North America. Additionally, he serves as a Director and President of Economic Index Associates, a firm licensing active index strategies. For the past 15 years, Mr. Collins has been based in New York, working extensively in investment banking, corporate advisory, and capital markets. He has provided financial and strategic guidance to a diverse range of companies, with a strong focus on early-stage Australian and international resource companies--particularly those in the lithium and battery metals sector. His extensive network and strategic advisory expertise will be instrumental in expanding IRIS Metals' shareholder base and enhancing its commercial presence in the U.S. market. In addition to Mr. Collins' role as a Non-Executive Director, an associated entity of Mr. Collins has been engaged in a consulting capacity on commercial terms to provide strategic, financial, and corporate advisory services, as required, and aimed at enhancing the company's growth and market positioning. Ankündigung • Nov 15
IRIS Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 10.5 million. IRIS Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 10.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,500,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,500,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Aug 20
Non-Executive Director recently sold AU$200k worth of stock On the 14th of August, Tal Paneth sold around 1m shares on-market at roughly AU$0.20 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$98k more than they bought in the last 12 months. Ankündigung • Aug 14
IRIS Metals Limited Announces Resignation of Christopher Connell from Board as NED The Board of IRIS Metals Limited announced the resignation of Mr. Christopher Connell from the Board as a NED, effective as of August 14, 2024. Ankündigung • Jul 22
IRIS Metals Limited, Annual General Meeting, Aug 30, 2024 IRIS Metals Limited, Annual General Meeting, Aug 30, 2024. Location: suite 205, 9-11 claremont street, south yarra vic 3141 Australia Ankündigung • Feb 14
IRIS Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.55 million. IRIS Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.55 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,500,000
Price\Range: AUD 1
Discount Per Security: AUD 0.06
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000
Price\Range: AUD 1
Discount Per Security: AUD 0.06
Transaction Features: Subsequent Direct Listing New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding). Market cap is less than US$100m (AU$97.3m market cap, or US$64.0m). Recent Insider Transactions • Jan 25
Independent Non-Executive Chairman recently bought AU$102k worth of stock On the 22nd of January, Simon Lill bought around 150k shares on-market at roughly AU$0.68 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Simon's only on-market trade for the last 12 months. Ankündigung • Dec 14
IRIS Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 7.5 million. IRIS Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 7.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,500,000
Price\Range: AUD 1
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 13
IRIS Metals Limited announced that it expects to receive AUD 7.5 million in funding IRIS Metals Limited announced a private placement to issue 7,500,000 common shares at an issue price of AUD 1 per share for the gross proceeds of AUD 7,500,000 on December 11, 2023. The transaction will include participation from Simon Lill is seeking to acquire AUD 50,000 worth of shares through the placement and participation will be subject to approval at the upcoming EGM New Risk • Dec 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$144.0m (US$95.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.0m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (AU$144.0m market cap, or US$95.8m). New Risk • Aug 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.0m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m. Ankündigung • Jun 30
IRIS Metals Limited, Annual General Meeting, Aug 30, 2023 IRIS Metals Limited, Annual General Meeting, Aug 30, 2023. Board Change • Jun 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chairman Simon Lill is the most experienced director on the board, commencing their role in 2020. Non-Executive Independent Director Bruce Smith was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • May 06
IRIS Metals Limited Approves the Appointment of Bruce Smith as Director IRIS Metals Limited at its Extraordinary General Meeting held on 5 May 2023, approved the appointment of Bruce Smith as Director. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Simon Lill was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 03
Iris Metals Limited Announces Drilling Rig Contracted and Met Test Work Commencing IRIS Metals Limited announced that it has contracted with an RC drilling rig to commence a 10,000 m program at its South Dakota Lithium Project, aimed at resource definition. The drilling program will be targeting the Black Diamond Mine and the Beecher Mine pegmatites. The Black Diamond Mine is located on a freehold patented mining claim and was predominantly mined for beryllium back in the 50's and 60's. The walls on both sides of the open cut contain logs of spodumene, and mapping conducted by USGS geologist back in 1945 indicate the potential for significant volumes of this spodumene rich zone. The LCT-pegmatite extends north over a 950m strike length with widths up to 60m wide. Historic diamond drilling conducted in the early 40's demonstrated that the pegmatite is open to at least 60m below surface. Spodumene is mapped over the entire length of the Black Diamond pegmatite supported by the strong lithium readings returned when testing the pegmatite with a LIBS analyzer. Drill testing of the southern extension of the Beecher Mine is also planned. The Beecher Mine historically produced lithium concentrate along with other commercial minerals. As Black Diamond and Beecher Extended are on patented claims, the approval process for drilling is far easier than for a BLM Claim. Considering this expedited process for obtaining drilling permits IRIS has contracted an RC drilling company to carry out an initial 10,000m drilling program. This program will initially focus on testing under and along strike of the historic Black Diamond mine as well as testing the southern strike extension of the mineralized Beecher pegmatite. RC drilling is also planned to be carried out on the Beecher extended patented claim. This will test for lithium spodumene directly along strike of the historic Beecher Lode mine. The Beecher Lode was the largest historical lithium producing mine in the Black Hills. Metallurgical Test Work: IRIS has contracted Independent Metallurgical Operations (IMO) to manage the metallurgical test work of spodumene pegmatite ore material sampled from the Beecher lithium trend. IMO will oversee the heavy liquid separation (HLS) and dense media separation (DMS) test work to be carried out by SGS laboratories in Canada. Bulk material comprising 240kg of fresh mineralized pegmatite will be sampled from various locations at the Beecher project. Geologists will select representative material from sites with varying sized spodumene minerals. Ankündigung • Sep 07
IRIS Metals Limited Announces New Aeromagnetic Targets Identified over Recently Acquired Kookynie Tenure Exploration to Recommence At Kookynie and Leonora IRIS Metals Limited announced the completion of interpretation of high-resolution aeromagnetic survey data covering its newly acquired tenure at Kookynie, located approximately 60km south of Leonora, in the gold fields of Western Australia. Aeromagnetic and Radiometric Survey: The detailed aeromagnetic survey was completed by Magspec Airborne Surveys Pty Ltd. in 2021 as part of IRIS' initial data acquisition. The survey data was collected at 50m line spacing and average sensor height of 30m above ground level. The survey comprised 6,342-line kilometers in total. Given that the acquired tenure is within the initial survey area, IRIS was able to incorporate the new tenements into the project-wide structural interpretation Data Interpretation & Analysis: Interpretation of the Kookynie airborne geophysical survey has identified an additional 2 high priority structural geological gold targets for evaluation. This is in addition to the previously reported 24 initial aeromagnetic targets across the tenement package. IRIS looks forward to integrating these targets into its exploration plans moving forward. WA Exploration Plan: As noted in IRIS' latest quarterly, the Company has undertaken a detailed review of both historical information and newly acquired information through IRIS' aeromagnetic studies at Kookynie and Leonora, and also its maiden RC and AC drill data at Kookynie. While IRIS achieved some wide and high-grade intercepts across its various prospects, the results achieved at its highest priority Rise & Shine prospect, where 34 RC holes and 29 AC holes were drilled, were not in line with original expectations. Consequently, the Company will focus on refining drill targets over new areas that have the size potential to deliver economic resources. Accordingly, a soils geochemistry program targeting geophysical anomalies is planned to commence in the coming weeks. These programs will initially focus on Kookynie, followed by similar works at Leonora. Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Simon Lill was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 12
IRIS Metals Limited Appoints Chris Connell as Executive and Technical Director, Head of Group Exploration IRIS Metals Limited announced the appointment of Chris Connell as Executive and Technical Director, Head of Group Exploration Ledger Holdings Pty Ltd. (Ledger) as Business Development Manager, North Americas. Mr. Connell is a geologist with over 25 years' experience. Along with managing exploration in Australia, Chris has spent many years managing international teams in culturally and environmentally diverse regions throughout West Africa, Central Africa, Papua New Guinea and Ecuador. Until recently, he spent 4.5 years as Regional Exploration Manager at SolGold plc. Chris has extensive lithium experience having worked on the Mt Marion Lithium spodumene deposit in Western Australia that is currently in production. Ankündigung • Jun 29
IRIS Metals Limited, Annual General Meeting, Aug 16, 2022 IRIS Metals Limited, Annual General Meeting, Aug 16, 2022. Ankündigung • Jun 15
IRIS Metals Limited (ASX:IR1) acquired Hard rock lithium projects in South Dakota. IRIS Metals Limited (ASX:IR1) entered a Share Sale Agreement to acquire Hard rock lithium projects in South Dakota on May 23, 2022. $0.05 million paid in cash as installment 1; $0.05 million cash consideration installment 2, payable within 5 business days of completion; up to $0.3 million of cash reimbursements, based on the provision of approved receipts; IRIS is to issue 4,000,000 fully paid ordinary shares which will be escrowed for 2-years from the date of issue and IRIS will grant a net smelter return (NSR) royalty of 1.25%. In connection with the acquisition, IRIS is undertaking a placement to raise AUD 2 million ($1.4 million) in new capital, through the issue of 5,000,000 fully paid ordinary shares which are being issued at a price of AUD 0.4 per share. The funds used from this Capital Raising will be allocated to IRIS Metals’ South Dakota strategy and used to fund the acquisition and subsequent exploration activities and for general working capital purposes.
IRIS Metals Limited (ASX:IR1) completed the acquisition of Hard rock lithium projects in South Dakota on June 15, 2022. 
