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). Board Change • May 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. 2 non-independent directors. Independent Non-Executive Director Anthony Collins was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 20
Forecast to breakeven in 2027 The analyst covering IRIS Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$82.8m in 2027. Average annual earnings growth of 203% is required to achieve expected profit on schedule. Breakeven Date Change • May 01
Forecast to breakeven in 2027 The analyst covering IRIS Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$82.8m in 2027. Average annual earnings growth of 203% is required to achieve expected profit on schedule. Board Change • May 01
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. 2 non-independent directors. Independent Non-Executive Director Anthony Collins was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 Board Change • Dec 24
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. 4 non-independent directors. Independent Non-Executive Director Anthony Collins was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
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 Director Anthony Collins was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 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. 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. Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Kevin Smith was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Kevin Smith was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 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 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 (21% 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. 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. 
