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.
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