ITEM 3.03 MATERIAL MODIFICATIONS OF RIGHTS TO SECURITY HOLDERS.

Amendment to Terms of 2007 US Offering and 2007 Foreign Offering

On November 17, 2009, the Company's Board of Directors decided to unilaterally amend the terms of the outstanding warrants issued by under its US and foreign private placement offerings completed in 2007 (the "2007 US Offering" and "2007 Foreign Offering" respectively) without the payment of any additional consideration by the holders thereof as follows:

(a) The exercise price of the warrants issued under the 2007 Foreign Offering and the 2007 US Offering was reduced from $1.00 per share to $0.75 per share; and

(b) The conditions under which the Company may exercise the expiration date acceleration rights for the warrants issued under the 2007 Foreign Offering and the 2007 US Offering were amended by:

(i) increasing the minimum weighted average price threshold from $3.50 per share for 20 consecutive trading days to $4.50 per share for 20 consecutive trading days on the principal exchange or market on which the Company's common stock trades, and

(ii) requiring that the average daily trading volume for the Company's common stock on the principal exchange or market on which such common stock trades during the 20 consecutive trading days referred to in paragraph 1(b)(i) above be not less than 0.2% of the Company's free float during such 20 consecutive trading days.

ITEM 7.01 REGULATION FD DISCLOSURE

News Release - Ireland Inc. Completes $6.25 Million Financing

Attached as Exhibit 99.1 to this report, and incorporated by reference herein, is a news release issued by the Company on November 19, 2009. The news release reports that the Company has completed a $6.25 million private placement financing. The funds from this financing will be used to complete the Company's 2009 drill program, to commence operations of the onsite pilot plant, and to fund operations at the pilot facility into the third quarter of 2010.

This information is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. By filing this report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD.

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