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The latest announcement is out from Eclipse Metals Ltd. ( (AU:EPM) ).
Eclipse Metals Ltd has successfully raised $4 million through a placement to institutional, professional, and sophisticated investors, aimed at accelerating its drilling and resource upgrade efforts at the Grønnedal–Ivigtût Rare Earth and Critical Minerals Project in Greenland. This capital injection will support the company’s strategic initiatives, including potential dual listing on NASDAQ, and strengthen its position amid global supply chain concerns for rare earths, particularly given China’s dominance in the sector. The funds will be allocated to drilling, technical studies, regulatory compliance for a U.S. listing, and general working capital, enhancing Eclipse’s growth prospects and operational flexibility.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is an Australian exploration company that focuses on rare earth elements (REE), cryolite, fluorite, siderite, and quartz at its Ivigtût and Grønnedal prospects in South-western Greenland. The company also has assets in the Northern Territory and Queensland, exploring for gold, platinum group metals, manganese, palladium, vanadium, and uranium. Its mission is to enhance shareholder wealth through the identification, exploration, and development or monetization of targeted mineral deposits.
YTD Price Performance: 113.33%
Average Trading Volume: 6,883,278
Technical Sentiment Signal: Buy
Current Market Cap: A$95.97M
See more insights into EPM stock on TipRanks’ Stock Analysis page.