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Armada Metals Ltd. ( (AU:RCM) ) has provided an announcement.
IRIS Metals Limited has announced the acquisition of a significant portfolio of private lands and federal mineral claims in the Black Hills of South Dakota, including the historically important Bob Ingersoll Mine. This strategic move enhances IRIS’s position as a leading lithium explorer and near-term producer in the region. The acquisition, which includes 87 federal mining claims and 12.2 hectares of private land, aims to bolster IRIS’s exploration and production capabilities, particularly for lithium, beryllium, and tantalum. The company plans to commence drilling operations at the Ingersoll Project in late 2025, leveraging the strategic advantages of private land ownership to expedite its production ambitions.
More about Armada Metals Ltd.
IRIS Metals Limited is a company operating in the mining industry, focusing on the exploration and development of critical minerals such as lithium, beryllium, and tantalum. The company is primarily engaged in acquiring and managing mineral properties, with a strategic emphasis on consolidating high-potential lithium projects in the Black Hills of South Dakota, USA.
Average Trading Volume: 4,139,157
Technical Sentiment Signal: Sell
Current Market Cap: A$21.08M
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