Iris Acquisition Corp II Signs Non-Binding LOI For A Business Combination With Freedom Metals Corporation

Iris Acquisition Corp II ("IRIS") (NYSE:IRAB), a publicly traded special purpose acquisition company, today announced the signing of a non-binding letter-of-intent ("LOI") for a business combination with Freedom Metals Corporation, a new entity expected to be formed by American Tungsten & Antimony Ltd (ASX: AT4) ("AT4").

Under the proposed transaction structure, AT4 is expected to contribute the Sage Hen Nevada Tungsten Project and the Central Idaho Antimony Project into Freedom Metals, which would become the combined publicly listed entity following the completion of the business combination with IRIS.

Freedom Metals is being developed as a U.S.-focused critical minerals platform advancing high-grade antimony and tungsten assets, two metals that are widely recognised as essential to modern defence systems, advanced manufacturing and energy technologies.