InvestSMART

Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.017 -0.015 (-46.88%)+
Announcement
Release
1 Sep 2025 8:48AM
Price at Release
$0.032
Full Release
download
Summary
Iron Road Ltd has reached revised commercial terms with Revera Energy, a Carlyle Portfolio Company, for land purchase options at Cape Hardy, South Australia. The update involves an extension of the first land purchase option for a 24-hectare parcel, now exercisable until 31 December 2025 for $1 million. This parcel is part of a larger 604-hectare area for Revera's Cape Hardy Green Hydrogen Project. Additional land purchase options remain for a 580-hectare balance, with set terms and dates. A non-refundable $2.5 million deposit was received by Iron Road after FIRB approval. Collaboration continues on utilizing Revera Energy's green hydrogen production for future green iron product manufacturing.
Key Points
  • Iron Road Ltd has updated commercial terms with Revera Energy.
  • The first land purchase option at Cape Hardy has been extended to 31 December 2025.
  • The deal involves a 604-hectare footprint reserved for Revera's hydrogen project.
  • A non-refundable $2.5 million deposit was made by Revera Energy.
  • Iron Road is working with Revera Energy on green hydrogen for iron products.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.