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Eclipse Metals begins diamond drilling in Greenland to boost rare earths resource, targeting neodymium-praseodymium for magnets amid global supply chain shifts.
Eclipse Metals is launching a diamond drilling program at its Grønnedal rare earths project in Greenland to expand its 89.2-million-tonne inferred resource, rich in neodymium-praseodymium used in magnets.
The company secured a licence extension to 2027, completed boundary work near a military zone, and raised $2 million to fund drilling and environmental studies.
Drilling, underway in October, targets deeper and broader mineralisation, with early results showing favorable processing potential.
The project benefits from Greenland’s Western alignment, infrastructure, and growing global demand for critical minerals as nations seek to diversify supply chains away from China.
Key milestones, including core analysis and metallurgical testing, are expected through 2025 and into 2026.
Eclipse Metals comienza la perforación de diamantes en Groenlandia para impulsar los recursos de tierras raras, apuntando al neodimio-praseodimio para imanes en medio de cambios en la cadena de suministro global.