• Successful completion of test mining and bulk sample collection at the Beecher Project
• Acquisition of the Tin Mountain Extension property to expand the Tin Mountain Project
• Confirmation of high-grade lithium mineralization at the Edison Project

IRIS Metals Ltd (ASX:IR1) reported its quarterly activities and cash flow report for the period ending 30 June 2025. Key highlights include:Beecher Project, USA: IRIS successfully completed test mining and bulk sampling at its fully permitted Beecher Project in South Dakota, USA, advancing towards near-term production. Approximately 40 tonnes of spodumene-mineralized pegmatite were mined and crushed, with 15 tonnes packaged for laboratory testing.Tin Mountain Project, USA: IRIS acquired the 752-hectare Tin Mountain Extension property, significantly expanding its Tin Mountain Project in South Dakota. This acquisition strengthens IRIS' position as a dominant lithium regional explorer in the U.S.Edison Project, USA: IRIS announced initial results of its Phase I diamond drilling program at the Edison Project, confirming high-grade lithium mineralization within multiple spodumene-bearing pegmatites, which remain open at depth.Corporate: The company secured firm commitments for a share placement raising $4.267 million, which will be used to advance key activities at the company's South Dakota lithium projects.The report also provided details on the company's quarterly cash position and expenditure, as well as a comparison of actual expenditure against the 'Use of Funds' statement in the company's prospectus.

IRIS is on track to deliver an updated Mineral Resource Estimate for the Beecher Project in early 2026. The company is also planning a Phase II drilling program at the Edison Project to explore further mineralized extensions across multiple pegmatites.