Eclipse Metals (ASX: EPM) advances diamond drilling at Greenland rare earth project

Eclipse Metals (ASX:EPM) has accelerated exploration momentum in Greenland, launching a diamond drilling campaign at its wholly owned Grønnedal Rare Earth Project within the Ivigtût complex.

The program marks a pivotal phase in the company’s strategy to upgrade resources, refine metallurgical understanding and strengthen its credentials for an anticipated Nasdaq dual listing.

Highlights

• Diamond drilling underway at the 100%-owned Grønnedal-Íka Rare Earth Project, southwest Greenland

• $4 million placement completed to fund drilling, resource reclassification and metallurgical studies

• Targeting expansion of the 89Mt Inferred Resource (6,363 ppm TREO, 567,600t TREO)

• Metallurgical studies show favourable liberation and recovery characteristics

• Work supports mine planning, process optimisation and U.S. regulatory alignment ahead of potential Nasdaq listing

The drilling campaign follows a $4 million capital raising, positioning Eclipse to enhance confidence and scale at its 89-million-tonne Inferred Resource containing over half a million tonnes of total rare earth oxides.

The program aims to extend mineralised zones modelled in 3D, particularly those rich in neodymium and praseodymium, key elements in permanent magnets that power electric vehicles, wind turbines and advanced defence technologies.

Supporting this technical work, recent studies by SGS Canada identified a rare earth mineral assemblage dominated by synchysite, bastnäsite and monazite, exhibiting coarse grain size and up to 54 per cent liberation.

These results indicate strong compatibility with conventional flotation and magnetic separation, characteristics that are uncommon among Western rare earth projects and vital for downstream processing efficiency.

Eclipse Metals Executive Chairman Carl Popal described the milestone as both operational and strategic, noting the project’s timing amid shifting global supply chains.

“With the world’s major economies competing to secure non-Chinese sources of rare earths, our work in Greenland has never been more relevant. Backed by a successful capital raise and progressing Nasdaq readiness, we are advancing a globally significant carbonatite deposit with favourable mineralogy and scale in a stable Western jurisdiction,” he said.

The Grønnedal-Íka carbonatite complex, part of Greenland’s broader Gardar alkaline province, is recognised by the Geological Survey of Denmark and Greenland as one of the country’s prime rare earth targets alongside Kvanefjeld and Kringlerne.

Its location, just a few kilometres from deep-water port facilities at Grønnedal, provides logistical advantages rarely matched in Arctic exploration contexts.

The nearby infrastructure, including heliport and fuel services, allows Eclipse to operate efficiently in the region’s challenging environment.

The strategic context for Eclipse’s Greenland activities is defined by growing Western efforts to develop secure critical mineral supply chains.

As the United States and European nations pursue policies to reduce reliance on Chinese rare earths, projects such as Grønnedal represent important potential sources of magnet materials in politically stable jurisdictions.

Eclipse’s preparation for Nasdaq alignment underscores this international focus, ensuring future compliance with U.S. regulatory frameworks and strengthening visibility among global investors.

In the months ahead, drilling results and metallurgical data from Grønnedal will guide mine-planning and process-optimisation studies.

These outcomes are expected to underpin an updated resource model and inform future development pathways for the broader Ivigtût Project.

Eclipse Metals progress in Greenland situates it among a small cohort of Western rare earth explorers transitioning from resource delineation to development readiness.

With drilling now underway and a strengthened balance sheet, the company’s focus is firmly on demonstrating the technical and economic viability of one of the North Atlantic’s most promising carbonatite systems.

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