Iris Acquisition Corp II Signs LOI for Merger with Freedom Metals Corporation, Focused on Antimony and Tungsten
Iris Acquisition Corp II has signed a letter of intent for a merger with Freedom Metals Corporation, formed by American Tungsten & Antimony Ltd. The merger will integrate the Sage Hen Nevada Tungsten Project and the Central Idaho Antimony Project into Freedom Metals, aimed at creating a U.S.-focused platform for critical minerals essential for defense and industrial applications. The transaction is subject to regulatory approvals and final agreements.
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Iris Acquisition Corp II (IRAB) has signed a non-binding letter of intent to merge with Freedom Metals Corporation, which will be formed by American Tungsten & Antimony Ltd (AT4). The merger will incorporate the Sage Hen Nevada Tungsten Project and the Central Idaho Antimony Project into Freedom Metals.
This new entity will focus on critical minerals, specifically antimony and tungsten, vital for defense and industrial sectors. The transaction awaits due diligence, regulatory approvals, and other customary conditions. Advisors for the deal include Hall Chadwick and Cohen & Company Capital Markets.
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