Eclipse Metals Limited today announced a significant transformation at its Grønnedal critical minerals project in southwest Greenland, revealing an 89-million-tonne inferred resource grading 6,363 parts per million Total Rare Earth Oxides. The new estimate, representing a more than 70-fold increase on previous figures, brings the total contained rare earth oxides to approximately 567,600 tonnes. This enhanced resource is based on testing from six deep diamond drill holes, with several individual assays returning values exceeding 2% TREO and particularly high concentrations of neodymium, praseodymium, dysprosium, and terbium. The expanded resource is hosted within a well-defined carbonatite intrusive that is open in all directions and extends from surface to depths of around 200 meters, with surface mapping and electromagnetic surveys indicating potential mineralisation down to more than 500 meters. The technical report details the use of both modern percussion and historical diamond drilling, along with rock chip and trench sampling, to confirm the deposit’s high-grade nature and robust continuity. With detailed geological modelling performed using advanced interpolation methods, the deposit compares favourably with other leading rare earth projects globally. Eclipse Metals is now preparing further drilling programmes, metallurgical test work, and strategic discussions with potential partners and government stakeholders in Europe and North America. The company’s forward strategy leverages Greenland’s stable mining jurisdiction and proximity to transport infrastructure, setting the stage for potential future open pit mining, given the favourable strip ratios indicated by the shallow yet high-grade nature of the deposit. Bullish sentiment is underpinned by the project’s transformational resource increase, high-grade rare earth elements vital for clean energy and defense applications, and the deposit’s favourable geological setting. Continued exploration success, further resource upgrades, and progress in metallurgical testing could add significant value for investors. On the bearish side, some uncertainties remain inherent in early-stage exploration projects, including the lack of completed metallurgical recovery studies and the unknowns associated with open pit mine design and environmental approvals.