InvestSMART

Eclipse Metals Ltd (ASX:EPM)

ALERT: Price-sensitive ASX Announcement for EPM
Current share price for EPM : $0.015 -0.003 (-16.67%)+
Announcement
Release
30 Apr 2026 4:51PM
Price at Release
$0.018
Full Release
download
Summary
Eclipse Metals Limited released its quarterly activities report and Appendix 5B cash flow for the period ending 31 March 2026. During this quarter, the company focused on its Grønnedal Rare Earth Project in Greenland, where it confirmed extensive rare earth mineralization and significantly increased its mineral resource estimate. This advancement demonstrates a 234% increase in tonnage and a 12% increase in grade compared to previous estimates. The company's financial activities included no major investments or borrowings, with a net cash outflow of $467,000 from operating activities and a cash position at quarter end of $4.947 million. There was $6.221 million raised from equity securities during the reporting period, which after costs, resulted in a net cash inflow of $5.924 million from financing activities.
Key Points
  • Eclipse Metals Limited's quarterly activities report for March 2026.
  • Focus on the Grønnedal Rare Earth Project in Greenland.
  • Confirmed extensive rare earth mineralization with a 234% increase in resource tonnage.
  • Net cash outflow of $467,000 from operating activities.
  • Cash position at quarter end was $4.947 million.
  • $6.221 million raised from equity securities with a net inflow of $5.924 million from financing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.