Greenland REE developer Eclipse targets Nasdaq listing
Australian explorer Eclipse Metals on Wednesday announced plans to pursue a dual listing on the Nasdaq to position the company to capitalise on rising demand for rare earth elements (REEs) and other critical minerals.
The proposed listing aligns with Eclipse’s strategy to advance its Ivigtût project in south-west Greenland, which hosts the Grønnedal rare earths deposit – a deposit with a mineral assemblage similar to Mountain Pass in California. Eclipse said the mineralogy makes Grønnedal suitable for Western-style flow sheet extraction methods.
“The Nasdaq listing is a strategic initiative that will enhance global visibility, improve liquidity and provide access to US-based capital and partnerships,” the company said.
Eclipse will maintain its ASX listing, with no immediate changes to its capital structure, and will operate as a dual-listed entity, subject to regulatory approvals.
The company noted that comparable rare earth producers trading in the US include MP Materials, USA Rare Earth and Critical Minerals.
The Ivigtût project, historically the world’s largest cryolite mine, is now a key asset in Eclipse’s growing portfolio of rare earths, high-purity quartz, cryolite, and other critical minerals.
Eclipse has appointed specialist US legal and financial advisers to assist with the application process and expects to complete preliminary Nasdaq eligibility assessments and documentation in the fourth quarter of 2025.
“The Nasdaq listing will allow Eclipse to engage with a wider pool of institutional investors and strategic partners, supporting our focus on rare earths and the global decarbonisation effort,” executive chairperson Carl Popal said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
