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Eclipse Metals begins drilling at Greenland’s Gronnedal rare earths project to expand resource and support U.S. critical mineral security.
Eclipse Metals has started diamond drilling at its Gronnedal rare earths project in southwest Greenland to expand its inferred resource of 89.2 million tonnes grading 6,363 ppm total rare earth oxides, with a focus on neodymium and praseodymium critical for clean energy and defense.
Supported by a $4 million capital raise and 3D modeling, the drilling aims to boost magnet rare earth oxides and inform a JORC resource update by year-end.
Early tests show favorable mineral liberation, enabling efficient processing—uncommon in Western projects.
The company, seeking a Nasdaq listing, positions Gronnedal as a key non-Chinese source amid U.S.-China tensions and rising demand for critical minerals.
Its share price surged 660% since May, reflecting strong investor interest in securing supply chains for decarbonization and national security.
Eclipse Metals comienza la perforación en el proyecto de tierras raras Gronnedal de Groenlandia para expandir los recursos y apoyar la seguridad mineral crítica de los Estados Unidos.