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An announcement from Eclipse Metals Ltd. ( (AU:EPM) ) is now available.
Eclipse Metals Ltd has announced the commencement of its 2025 diamond drilling program at the Grønnedal Rare Earths Carbonatite Complex in Greenland, following the completion of consultation and regulatory approvals. This initiative aims to expand and upgrade the existing JORC-compliant Mineral Resource Estimate, with the Grønnedal site hosting a significant amount of Nd/Pr oxides, positioning it as a potential Western-aligned source of critical magnet rare earth elements. The strategic location and favorable mineralogy of the deposit, along with established infrastructure, enhance the project’s viability and its potential contribution to diversifying global supply chains away from China.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is a company operating in the rare earth elements industry, focusing on the exploration and development of rare earth carbonatite resources. The company is primarily involved in the extraction and processing of rare earth oxides, which are critical for manufacturing permanent magnets used in electrification, renewable energy, and defense applications.
YTD Price Performance: 100%
Average Trading Volume: 6,878,685
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$89.97M
See more data about EPM stock on TipRanks’ Stock Analysis page.