IRIS Signs LOI for Business Combination with Freedom Metals Corporation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy IRAB?
Source: Newsfilter
- Strategic Mineral Integration: IRIS has signed a non-binding letter of intent with Freedom Metals Corporation to combine U.S. tungsten and antimony projects into a new entity, aiming to enhance domestic supply capabilities in critical minerals essential for defense and industrial applications.
- Project Contributions: AT4 will roll 100% of its Sage Hen Nevada Tungsten Project and Central Idaho Antimony Project into Freedom Metals, which is expected to provide high-quality mineral resources to meet the increasing market demand for U.S. defense and advanced manufacturing.
- Optimistic Market Outlook: IRIS CEO Sumit Mehta noted that global demand for critical minerals is accelerating due to the energy transition, which is expected to drive stock market performance, and IRIS aims to create long-term value for shareholders through this transaction.
- Rebuilding Domestic Supply Chains: AT4 Executive Chairman Timothy Morrison emphasized that the global supply of antimony and tungsten is heavily concentrated outside the U.S., and through this transaction, Freedom Metals will focus on rebuilding secure domestic supply chains to support sustainable development in U.S. defense and industrial technologies.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IRAB?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IRAB
Wall Street analysts forecast IRAB stock price to rise
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 9.820
Low
Averages
High
Current: 9.820
Low
Averages
High
No data
About IRAB
Iris Acquisition Corp II, located in Dubai, the United Arab Emirates, is a special purpose acquisition company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
IRIS Signs LOI for Business Combination with Freedom Metals Corporation
- Strategic Mineral Integration: IRIS has signed a non-binding letter of intent with Freedom Metals Corporation to combine U.S. tungsten and antimony projects into a new entity, aiming to enhance domestic supply capabilities in critical minerals essential for defense and industrial applications.
- Project Contributions: AT4 will roll 100% of its Sage Hen Nevada Tungsten Project and Central Idaho Antimony Project into Freedom Metals, which is expected to provide high-quality mineral resources to meet the increasing market demand for U.S. defense and advanced manufacturing.
- Optimistic Market Outlook: IRIS CEO Sumit Mehta noted that global demand for critical minerals is accelerating due to the energy transition, which is expected to drive stock market performance, and IRIS aims to create long-term value for shareholders through this transaction.
- Rebuilding Domestic Supply Chains: AT4 Executive Chairman Timothy Morrison emphasized that the global supply of antimony and tungsten is heavily concentrated outside the U.S., and through this transaction, Freedom Metals will focus on rebuilding secure domestic supply chains to support sustainable development in U.S. defense and industrial technologies.
See More
IRIS Signs LOI for Business Combination with Freedom Metals Corporation
- Strategic Mineral Integration: IRIS has signed a non-binding letter of intent with Freedom Metals Corporation to combine U.S. tungsten and antimony projects into a new entity, aiming to enhance domestic supply capabilities in critical minerals essential for defense and industrial applications.
- Project Contributions: AT4 will roll 100% of its Sage Hen Nevada Tungsten Project and Central Idaho Antimony Project into Freedom Metals, which is expected to provide high-quality mineral resources to meet the increasing market demand for U.S. defense and advanced manufacturing.
- Optimistic Market Outlook: IRIS CEO Sumit Mehta noted that global demand for critical minerals is accelerating due to the energy transition, which is expected to drive stock market performance, and IRIS aims to create long-term value for shareholders through this transaction.
- Rebuilding Domestic Supply Chains: AT4 Executive Chairman Timothy Morrison emphasized that the global supply of antimony and tungsten is heavily concentrated outside the U.S., and through this transaction, Freedom Metals will focus on rebuilding secure domestic supply chains to support sustainable development in U.S. defense and industrial technologies.
See More
