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Why Did Rapid Critical Metals Sell Its Tin Mountain Project to Iris Metals?
10:22am on Tuesday 1st of July, 2025 AEST
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Mining
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Why Did Rapid Critical Metals Sell Its Tin Mountain Project to Iris Metals?
10:22am on Tuesday 1st of July, 2025 AEST
Key Points
Sale of 93 federal mining claims covering 752 hectares in South Dakota
Consideration includes US$550,000 in Iris Metals shares and prior US$300,000 cash payment
F3 Gold LLC retains 2% gross revenue royalty on future production
Share issuance subject to Iris Metals shareholder approval at August AGM
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