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Eclipse Metals Ltd. ( (AU:EPM) ) has issued an update.
Eclipse Metals Ltd has announced a substantial increase in its Inferred Mineral Resource at the Grønnedal rare earth elements deposit in Greenland, now totaling 89 million tonnes at a grade of 6,363 ppm TREO. This marks a more than 70-fold increase, positioning Grønnedal among the highest-grade REE deposits globally and enhancing its strategic value. The mineralization remains open in all directions, suggesting significant potential for further development. This expansion is seen as a transformational milestone, aligning with global efforts to secure critical mineral supply chains amidst growing demand for clean energy technologies.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is a company operating in the mining industry, focusing on multi-commodity critical mineral projects. Their primary products include rare earth elements, with a significant market focus on securing independent critical mineral supply chains.
Technical Sentiment Signal: Sell
Current Market Cap: A$14.33M
See more data about EPM stock on TipRanks’ Stock Analysis page.