“IRIS had identified the Tin Mountain patented property as a valuable project with near term development potential during our first visit to the Black Hills. We are pleased that we now have a binding agreement over this historic lithium spodumene mine. Previous mining of the spodumene was on a very small scale”

“However, spodumene mineralization is clearly visible in the walls of the stope, whilst historic drill hole data suggests that mineralization is open. The proximity of Tin Mountain to our priority Beecher Project will add to the economics of constructing a central spodumene processing facility near Custer to process ores from the patented Beecher, Edison and Tin Mountain projects, together with additional acquisitions and any future discoveries on IRIS’ BLM claims” – IRIS Metals Technical Director Chris Connell