Eclipse shares surge on big upgrade at Greenland rare earths play
Eclipse Metals has experienced a significant surge in its share price following a major resource upgrade for its rare earths project in Greenland. The company reported that it has doubled the resource size to 208 million tonnes, including a substantial amount of valuable permanent magnet metals. This upgrade highlights the project's growth potential and has led to increased investor interest.
- ▪Eclipse Metals shares surged as much as 80 percent in early trading, reaching 2.7 cents.
- ▪The resource upgrade includes 208 million tonnes of total rare earth oxides at a grade of 0.72 percent.
- ▪The new resource contains 1.5 million tonnes of total rare earth oxides, including 456,000 tonnes of neodymium and praseodymium.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.