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Eclipse Metals Ltd. ( (AU:EPM) ) has provided an update.
Eclipse Metals Ltd has secured a renewal of its Greenland exploration licence, Kamittalik, until 2027, marking a significant step towards obtaining a mining licence for its REE and polymetallic project. This renewal not only ensures clear regulatory boundaries but also positions Eclipse advantageously in the global market, as Greenland becomes a key player in supplying critical minerals amidst geopolitical competition. The company is advancing its Social and Environmental Impact Assessments, aligning with Greenland’s legislative framework, and is on track to apply for a mining licence by 2027, enhancing its role in sustainable supply chains.
More about Eclipse Metals Ltd.
Eclipse Metals Ltd is a company operating in the mineral resources industry, focusing on the exploration and development of rare earth elements (REE) and polymetallic projects. The company is strategically positioned in Greenland, a region gaining importance as a supplier of critical minerals, aligning with global partnerships and strategies to diversify supply chains.
YTD Price Performance: 93.33%
Average Trading Volume: 9,765,968
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$86.98M
Learn more about EPM stock on TipRanks’ Stock Analysis page.