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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.013 -0.011 (-45.83%)+
Announcement
Release
2 Jan 2026 9:12AM
Price at Release
$0.024
Full Release
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Summary
Iron Road Limited (ASX: IRD) has announced that it will not extend the purchase option deadline for Revera Energy's acquisition of a 24-hectare land parcel at Cape Hardy beyond December 31, 2025. This decision comes after the two companies failed to agree on alternative commercial terms. The lapse of the option triggers a buyback right for Iron Road, contingent on FIRB approval, in case Revera Energy exercises its remaining options. The expiration of the final option on June 30, 2027, without exercise, would end other agreements related to the Cape Hardy project.
Key Points
  • Iron Road Limited declines to extend purchase option for Cape Hardy land.
  • Revera Energy's 24-hectare purchase option lapses on December 31, 2025.
  • A buyback option for Iron Road is activated with FIRB approval.
  • Remaining land purchase options for Revera are due by March 2026 and June 2027.
  • Expiry of the last option may terminate other agreements related to Cape Hardy.
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.