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Why Is IRIS Metals Selling Kookynie Gold Project for Cash and Shares?
2:25am on Saturday 30th of August, 2025 AEST
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Mining
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Why Is IRIS Metals Selling Kookynie Gold Project for Cash and Shares?
2:25am on Saturday 30th of August, 2025 AEST
Key Points
Binding agreement to divest Kookynie Gold Project to Arika Resources
Deal includes up to $535,000 in cash and 15 million ARI shares
Non-dilutive funding supports IRIS’s lithium development in South Dakota
Completion expected within 45 days, subject to regulatory approvals
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