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IRIS Metals narrows focus to South Dakota lithium and Montana tungsten after $22.3M impairment loss

6:54pm on Monday 29th of June, 2026 AEST Mining
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IRIS Metals narrows focus to South Dakota lithium and Montana tungsten after $22.3M impairment loss

6:54pm on Monday 29th of June, 2026 AEST
Key Points
  • FY26 loss of $22.28 million, up $16.7 million from prior year
  • Impairments of $14 million on Edison, Tin Mountain, and BLM claims
  • Raised nearly $9.8 million through placements and director share issues
  • Divested Kookynie Gold Project; Ingersoll Project acquisition stalled
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