Eclipse Metals Advances Greenland Rare Earths and Uranium Strategy in March Quarter

Eclipse Metals Ltd. ( (AU:EPM) ) has shared an update.

Eclipse Metals reported significant quarterly progress at its Greenland rare earths projects and Australian uranium portfolio for the period ending 31 March 2026. The company highlighted its strategic positioning in critical minerals as Western economies look to diversify supply chains, particularly for magnet rare earths.

Preliminary Phase 1 metallurgical testwork at the Grønnedal rare earth project in Greenland showed strong magnetic amenability, with initial WHIMS tests indicating rare earth mineralisation largely reports to magnetic fractions. Ongoing integration of drilling, geological, analytical and metallurgical data is aimed at resource growth, beneficiation optimisation and broader development planning across the Ivigtût Project.

Eclipse also continued advancing its Northern Territory uranium portfolio under an option and earn-in agreement with Boss Energy, adding another dimension to its critical minerals exposure. On the corporate front, the company pursued offshore capital markets and funding-readiness initiatives, including exploring U.S. capital-market avenues to complement its ASX listing, and ended the quarter with cash and equivalents of $4.9 million.

More about Eclipse Metals Ltd.

Eclipse Metals Ltd is an ASX-listed exploration company focused on rare earth elements and uranium, with key assets in southwest Greenland and Australia. Its flagship Ivigtût Project in Greenland hosts the historic Ivigtût cryolite mine and the Grønnedal rare earth carbonatite deposit, positioning the company within critical minerals supply chains sought by Western markets.

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Current Market Cap: A$65.84M

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