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Eclipse Metals Ltd. ( (AU:EPM) ) has provided an announcement.
Eclipse Metals Ltd announced that its recent non-renounceable rights issue offer of new shares was oversubscribed, raising over $1.521 million. The funds will be used for resource expansion in Greenland, critical mineral and rare earth exploration, and advancing the company’s uranium portfolio in Australia’s Northern Territory, alongside covering offer costs and general working capital.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is an Australian exploration company with a focus on multi-commodity mineralisation in southwestern Greenland, Australia’s Northern Territory, and Queensland. The company’s assets include cryolite, fluorite, siderite, quartz, rare earths, gold, platinum group metals, manganese, palladium, vanadium, and uranium. Eclipse aims to enhance shareholder value through capital growth and dividends by exploring and developing viable mineral deposits.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €12.04M
For an in-depth examination of EPM stock, go to TipRanks’ Stock Analysis page.
