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Eclipse Metals (ASX: EPM) has significantly upgraded the Inferred Mineral Resource at its Gronnedal rare earths project in Greenland to 89 million tonnes at 6,363 ppm TREO, marking a 70-fold increase in scale. This positions Gronnedal among the world's highest-grade rare earth element (REE) deposits, featuring particularly strong concentrations of critical magnetic REEs — neodymium (Nd), praseodymium (Pr), dysprosium (Dy), and terbium (Tb).
The deposit, hosted within a ferro-carbonatite complex, benefits from nearby infrastructure including deep-water access and proximity to port facilities. With only 6% of the intrusive body explored and mineralisation remaining open in all directions, Eclipse plans further drilling, metallurgical studies, and potential partnerships to realise the asset’s global potential. The upgrade strengthens Eclipse’s strategic position in the global rare earth supply chain, aligning with surging demand for critical minerals used in electric vehicles, wind turbines, and advanced technologies.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.