Eclipse awaits results from its recently completed maiden drilling and trenching programme at the Ivigt\u00fbt project in southwestern Greenland<\/figcaption><\/figure>\nEstablishing a sustainable raw materials supply<\/h3>\n
In addition to investing in infrastructure and capacity building within the EU, the EMRA supports activities aimed at securing a sustainable supply of raw and advanced materials for the EU\u2019s industrial ecosystems that support the transition to a green and digital economy. It has provided support to other mining projects in Greenland including support in securing financial and developmental support for other Greenland-based exploration and mining companies.<\/p>\n
Major mining companies including Rio Tinto, Anglo American, and Lynas Corporation are also part of ERMA\u2019s partner network, along with many exploration and development companies.<\/p>\n
Eclipse joining the ERMA coincided with the announcement of the EU\u2019s Critical Raw Materials Act, which aims to scale up the EU manufacture of key carbon neutral or \u2018net-zero\u2019 technologies to ensure secure, sustainable, and competitive supply chains for clean energy in view of reaching the EU\u2019s climate and energy ambitions.<\/p>\n
The company is securing partnerships<\/h3>\n
It was also the latest step for Eclipse as it strengthens its engagement with European stakeholders. In addition, it recently commenced trading on the Frankfurt and Tradegate exchanges in Germany, and it has also engaged a European-based investor relations and corporate advisor to help it build awareness of the company and its projects in the region.<\/p>\n
\u201cEclipse Metals has attracted considerable interest from investors outside Australia, and in particular Scandinavian regions where there is an awareness of the company\u2019s projects,\u201d Popal said.<\/p>\n
\u201cGreenland hosts a quarter of the world\u2019s rare earth minerals in a favourable mining jurisdiction, and we expect increased interest from European investors, stakeholders and original equipment manufacturers (OEMs) as our project development work continues.\u201d<\/p>\n
Meanwhile, Eclipse\u2019s research and exploration in Greenland continues. It recently announced the signing of a Memorandum of Understanding (MOU) with the Minerals, Materials and Society Program at the University of Delaware, US, to work collaboratively in efforts to research potential avenues for regional sustainable development and diversification of the economy in the proximity of Eclipse\u2019s Ivigt\u00fbt Project.<\/p>\n
The university is focused on regional economic development of the Ivigt\u00fbt project areas, and has received funding from the US Government\u2019s National Science Foundation. This research is part of a larger project on redevelopment of legacy energy and mineral sites in the Arctic for a just and sustainable transition that recognises greater access to the region due to changing climate.<\/p>\n
Eclipse will provide the university with access to project data and research and will engage with stakeholders for the purposes of potential commercial development of all resources in the area. Eclipse expects that the research being conducted by the university will assist in providing a framework for, and will potentially contribute to, Eclipse\u2019s Social Impact Assessment (SIA) for the project. The SIA is a document which must be submitted in stages to the Greenlandic mining authority (MLSA) as part of an application for a mining license.<\/p>\n
Eclipse has completed the first phase of environmental and social impact assessments for Ivigt\u00fbt, with assistance from Danish consultancy COWI, and submitted these reports to Greenland\u2019s Mineral Licence and Safety Authority (MLSA). Completion of both assessments are integral to applying to the MLSA for a Mining Licence.<\/p>\n