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Eclipse Metals Advances Greenland Projects and Strategic Partnerships

Story Highlights
  • Eclipse Metals gains access to historical drill cores in Greenland to enhance resource estimates.
  • The company is advancing partnerships and seeking EU funding to support project development.
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Eclipse Metals Advances Greenland Projects and Strategic Partnerships

Eclipse Metals Ltd. ( (AU:EPM) ) has issued an announcement.

Eclipse Metals Ltd reported significant progress in its Greenland projects during the last quarter of 2024. The company gained access to historical drill cores from the Ivigtût project, which are being analyzed to enhance resource estimates. The inferred mineral resource estimate for the Grønnedal project stands at 1.18 million tonnes of rare earth elements, with potential for expansion. Positive responses from Danish and Greenlandic authorities are paving the way for securing a mining license. Additionally, Eclipse Metals is advancing strategic partnerships to boost innovation and market access, and is seeking EU funding under the Critical Raw Materials Act to support its strategic project development.

More about Eclipse Metals Ltd.

Eclipse Metals Ltd is an Australian company involved in the exploration and development of mineral resources, particularly rare earth elements. The company’s primary focus is on its projects in Greenland, including the Ivigtût and Grønnedal areas, and it is also exploring opportunities in uranium assets in Northern Territory, Australia.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €11.97M

Learn more about EPM stock on TipRanks’ Stock Analysis page.

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