# Eclipse Metals Limited \(EPMFF\) FY2026: Progress Across South Greenland Critical Minerals Portfolio Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c Original source: https://orestocks.com/company/EPM/press-releases/4829174905369345 Publisher: orestocks Original announcement: 2026-09-30T03:56:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T04:48:47.767Z Atlas analysis updated: 2026-09-30T04:48:47.767Z - Company: Eclipse Metals Limited - Ticker: EPM - Exchange: Unavailable - Region: South Greenland - Primary commodity: Rare earths - Secondary commodities: Gallium, Yttrium, Zirconium, Hafnium - Document categories: Resource update, Drill results - Extracted: 2026-09-30 04:48:48 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Eclipse Metals reported significant progress in FY2026, headlined by a 234% tonnage increase in the Gronnedal rare-earth resource and the establishment of its first Indicated component. Additionally, a maiden Inferred resource was announced for the Ivigtut project following post-balance-date drilling. Reasoning: The report details a substantial expansion of the Gronnedal resource, including the first Indicated category, and a new maiden resource at Ivigtut. - Positive factor: Significant tonnage growth at Gronnedal \(234%\) - Positive factor: Grade improvement at Gronnedal \(12%\) - Positive factor: First Indicated component established at Gronnedal - Positive factor: Maiden resource announced at Ivigtut - Negative factor: Material uncertainty regarding future funding mentioned in Annual Report Facts used in scoring: 6 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The update established the first Indicated Mineral Resource component at Gronnedal. Evidence · text > It also established the first Indicated Mineral Resource component at Gronnedal. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The updated estimate represented a 234% increase in tonnage compared with the previous resource. Evidence · text > The updated estimate represented a 234% increase in tonnage **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: Eclipse announced a maiden Inferred Mineral Resource at Ivigtut. Evidence · text > Eclipse announced a maiden Inferred Mineral Resource at Ivigtut ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c#fact-resource-facts-0) #### Identity - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Major resource expansion at Gronnedal. - Positive factor: Significant tonnage growth - Positive factor: Grade improvement Evidence · text > 208Mt at 7,239ppm total rare-earth oxides \(TREO\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c#fact-resource-facts-1) #### Identity - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:ee5b2de69e9945c94b1d #### Resource Data - Category: indicated #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Establishment of higher confidence resource category. - Positive factor: First Indicated component Evidence · text > 6Mt in the Indicated category at 7,139ppm TREO #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c#fact-resource-facts-2) #### Identity - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Resource scope - Estimate type: resource - Resource group id: resource:c5b9a505bd1fc243c402 #### Resource Data - Category: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Significant expansion of the inferred resource base. - Positive factor: Large scale inferred resource Evidence · text > 202Mt in the Inferred category at 7,242ppm TREO #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c#fact-resource-facts-3) #### Identity - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: New resource discovery at Ivigtut. - Positive factor: Maiden resource Evidence · text > 4.87Mt at 188ppmHfO2, 61ppm Ga2O3, 147ppm Y2O3 and 3,380ppm zirconium #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c#fact-resource-facts-4) #### Identity - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Strong intercept contributing to resource. - Positive factor: Significant width Evidence · text > GD001: 195.0m from surface at 6,268ppm TREO #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/eclipse-metals-limited-epmff-fy2026-progress-across-south-greenland-critical-min--95af787c-89b3-4372-ad2a-0d14be8fd84c#fact-resource-facts-5) #### Identity - Region: south greenland - Reported Region: South Greenland - Ticker: EPM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Secondary metal grade reported for GD001. Evidence · text > GD001: 195.0m from surface at ... 2,036ppm Nd2O3 plus Pr2O3 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.