Eclipse Metals Limited (ASX:EPM)

Eclipse Metals Limited (ASX:EPM) reveals the prospectivity of its Ngalia Basin Project in the Northern Territory. Find out more here. https://lnkd.in/gCV26Q2m #miningnews #exploration #asx #rareearths #uranium

With the #uranium sector heating up, Eclipse Metals Limited (ASX:EPM) is gearing up to meet growing demand at its Australian uranium tenements in the Northern Territory, centred over the #AlligatorRivers Uranium Field and the Ngalia Basin. Proactive’s Tylah Tully offers #JustTheFacts on the company’s exploration ambitions, which include following up some high-grade uranium, gold and palladium assays, including uranium concentrations reaching 5.8% U₃O₈. “Nuclear Energy is emerging as a cornerstone of the global transition to cleaner energy, so it’s a great time for Eclipse to materialise on these great assets that we’ve had for a number of years,” EPM executive chair Carl Popal said in an earlier interview with Proactive’s Jonathan Jackson. Read more about EPM’s drilling ambitions https://ow.ly/ESwN50TZZ1y and watch the full interview with Popal https://ow.ly/lqqr50TZZ1E on our website. #ASX #EPM #ProactiveInvestors #Uranium #UraniumMining #CleanEnergy #EnergyTransition

Multi-commodity explorer Eclipse Metals Limited (ASX:EPM) continues to discover polymetallic mineralisation at the Grønnedal prospect around the historical Ivigtût cryolite mine in Greenland, with a focus on gallium alongside a raft of other rare earth elements (REE). Recent analysis of bulk samples from the historical waste dumps has delivered promising results while the company is encouraged by the REE potential at the Grønnedal prospect within its broader Greenlandic project. At Grønnedal, initial findings suggest the presence of deep-seated rare earth deposits, with a depth potential of more than 500 metres, picked out using interpretation of historical airborne electromagnetic surveys. Five bulk samples, collected by trenching the mineralised waste dumps, were blended and sub-samples were crushed and ground for analysis using the ME-MS61 method. More at #Proactive #ProactiveInvestors #ASX #EPM #RareEarths #CriticalMinerals #Mining http://ow.ly/3P2n105QMrA

With an eye on expanding its work in Greenland and the Northern Territory, Eclipse Metals Limited (ASX:EPM) has proposed a pro-rata non-renounceable rights issue offer of new fully paid ordinary shares in the company. This initiative is designed to strengthen the company’s financial position and accelerate the development of transformative resources that align with global priorities for sustainable technologies and energy solutions. Shares will be available at an issue price of A$0.002 per new share to raise up to around A$1.144 million before costs. The one-for-four pro rata non-renounceable right issue offer represents a 50% discount to the last closing share price of A$0.004 and a 40.29% discount to the 30-day volume-weighted average price of shares prior to the announcement. More at #Proactive #ProactiveInvestors #ASX #EPM #Mining #RareEarths #Uranium #CriticalMinerals #Energy http://ow.ly/rPkT105RmK8

Eclipse Metals Limited (ASX:EPM) (Eclipse or the Company) (ASX: EPM | FSE: 9EU) is pleased to report its activities for the quarter ending 30 June 2024. IVIGTÛT AND GRØNNEDAL, GREENLAND Operational Highlights: ● Historical drill core from Ivigtût project being tested to expand resource estimation. Eclipse Metals granted access to 19,000 metres of historical diamond drill core from the Ivigtût project area in Greenland. Selected drill core samples are being exported to European laboratory for analysis to extend analytical data. ● Grønnedal Mineral Resource Estimate (MRE) comprising 1.18 million tonnes grading 6,859 ppm TREO containing 8,074 tonnes TREO using a 2,000 ppm TREO cut-off supports significant upside case for initial development and investment. ● MRE extends from surface to a depth of only 9.5m representing 80,000 tonnes per vertical metre (TVM) and resource remains open in all directions. ● Resource represents a small fraction of a large carbonatite intrusive that has been drill-tested. ● Positive response and guidance from the Danish Centre for Environment and Energy (DCE) and Greenland Institute of Natural Resources (GINR). ● Positive progress made towards securing mining license. The project is confirmed to have passed the early exploration stage with a white paper for Greenlandic public consultation under review, stepping closer to grant of a mining licence for Ivigtût and Grønnedal prospects. ● Rare earth mineralisation at Grønnedal extends over 5km by 2km, with a defined exploration target focusing on 3km by 800m of ferrocarbonatite. ● Extrapolating the outcropping area of ferrocarbonatite to a depth of 50m indicates a potentially significant exploration target of REE mineralisation. ● Detailed geological mapping and petrological studies are being conducted to better understand REE mineralisation controls and to guide a diamond drilling program. Carl Popal Sebastian Andre #EclipseMetals #REE #QuarterlyActivity

Chinese regulations will soon come into effect that stipulate it will pay equal attention to protection of rare earth resources. Rare earths and geopolitics have become increasingly intertwined, and diverse supply chains are likewise progressively important for critical mineral industries. #RareEarthIndustry #SupplyChains #CriticalMinerals

Rejuvenation of Ivigtut: A New Dawn in European Resource Development Ivigtut, a small town in southwestern Greenland, holds a unique place in history. Once the world’s premier source of cryolite, essential for aluminum production, Ivigtut's mine was a bustling hub of activity. However, as the rare mineral cryolite dwindled, so did the town's significance. Today, Ivigtut stands at the brink of rejuvenation, driven by Eclipse Metals Ltd's ambitious project to transform the region into a crucial node in the European rare earth and silica quartz supply chain. Ivigtut's cryolite mine was vital for global industries throughout the 19th and 20th centuries. The rare mineral was crucial for aluminum production and indispensable to sectors including defense, aviation, and construction. As the only significant cryolite deposit in the world, Ivigtut enjoyed a near-monopoly, contributing significantly to Denmark's economy and becoming one of the most profitable mines in European history. Today, natural cryolite has been replaced with synthetic catalysts produced in India and China. Eclipse Metals Ltd, an Australian mining company, is revitalizing Ivigtut by developing the Gronnedal-Ivigtut rare earth and silica quartz project. This venture aims to extract valuable rare earth elements (REEs) and establish a sustainable and innovative mining operation aligned with Europe's strategic interests in securing critical raw materials. Rare earth elements are essential for modern technologies, including smartphones, electric vehicles, and renewable energy systems. Europe's growing demand for these materials, coupled with its dependence on imports—particularly from China—poses a risk to supply chain stability. Eclipse Metals' project in Ivigtut could significantly mitigate this risk by providing a reliable and local source of REEs. Eclipse Metals Ltd is committed to developing Ivigtut with a focus on sustainability. The project plans to employ advanced, environmentally friendly mining techniques to minimize ecological impact. Additionally, the use of hydropower and modern conveyor belt systems will ensure energy efficiency, reduced haulage, and lower carbon emissions. These efforts demonstrate strong compliance with Environmental, Social, and Governance (ESG) principles, reinforcing the project's commitment to responsible and ethical resource development. The rejuvenation of Ivigtut through the Gronnedal-Ivigtut project represents a remarkable opportunity for Europe to enhance its resource security and technological independence. By transforming a historic mining town into a modern hub for rare earth elements and silica quartz production, Eclipse Metals Ltd is paving the way for a new era of economic prosperity and environmental stewardship. Europe's strategic resource infrastructure. Carl Popal #EPM #RareEarths #EclipseMetals YouTube: https://lnkd.in/gKyqtaHv

Via: MarketOpen Australia Executive Chairman Carl Popal’s webinar presentation featured in the weekly newsletter. #Greenland #RareEarths

Via: MarketOpen Australia Executive Chairman Carl Popal presents an update on the company's operations in Greenland & participates in a Q&A with host Stewart Walters #RareEarths #Greenland #REE

Executive Chairman Carl Popal to present on MarketOpen Australia Direct Connect webinar and will give an update on company activity in Greenland. Tuesday 2nd July - 9:30am WST via Zoom. Registration is Free: https://lnkd.in/gpkRR7_p #Greenland #RareEarths #Investing #CriticalMinerals