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The latest update is out from Eclipse Metals Ltd. ( (AU:EPM) ).
Eclipse Metals Ltd has reported significant advancements in its Greenland rare earths projects, particularly with a major resource upgrade at the Grønnedal site, which now boasts an inferred mineral resource estimate of 89.2 million tonnes at 6,363 ppm TREO. This upgrade, along with high-grade discoveries and positive metallurgical results, positions Grønnedal as a potentially significant global source of rare earths. Additionally, Eclipse has raised $2 million to accelerate exploration efforts and is actively pursuing strategic project status under the EU Critical Raw Materials Act, which could enhance its geopolitical and market positioning.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is a company involved in the exploration and development of rare earth elements and uranium projects. The company is focused on its Greenland rare earths projects and its Australian uranium portfolio, aiming to enhance its market position in these sectors.
YTD Price Performance: 33.33%
Average Trading Volume: 11,847,627
Technical Sentiment Signal: Buy
Current Market Cap: A$53.98M
For an in-depth examination of EPM stock, go to TipRanks’ Overview page.