IronRidge: Laughing All the way to the Bank

IronRidge Resources (LON:IRR) have improved from 17.6p to currently 24p since our last recommendation. Its Cape Coast Lithium Portfolio seemed materially undervalued, and it seems to be picked up by Piedmonth Lithium. This £billion Nasdaq listed lithium explorer and developer has agreed to Fully Fund IRR’s project to production and subscribed to £10.8m of IronRidge shares at 20p and will fund an additional £15m to advance the project to its Definitive Feasibility Study. At this stage the project in Bankable and will become a mine IRR. It is predicted to produce an average of 295,000 tonnes pe...

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