Evolution Petroleum knows how to manage a high-cost business. Read more to see why EPM stock a speculative consideration.
Evolution Petroleum Corporation (AMEX:EPM) marked $8.11 per share on Wednesday, up from a previous closing price of $6.79. While Evolution Petroleum Corporation has overperformed by 19.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EPM rose by 75.92%, with highs and lows ranging from $8.17 to […]
Monday marks the last chance for investors to receive the next dividend payout from Evolution Petroleum (AMEX: EPM ). What''s Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 12 cents per share. On Tuesday, Evolution Petroleum will go ex-dividend, meaning the stock will trade lower to reflect that payout. In … Full story available on Benzinga.com
U.S. stocks traded higher this morning, following the release of several economic reports. Following the market opening Thursday, the Dow traded up 0.44% to 31,271.32 while the NASDAQ rose 0.17% to 11,739.78. The S&P 500 also rose, gaining, 0.15% to 3,951.88. Also check this: Ethereum Records Gains; Here Are The Top Crypto Movers For Thursday Leading and Lagging Sectors Financial shares climbed 1.3% on Thursday. Meanwhile, top gainers in the sector included Evolution Petroleum Corporation (NYSE: EPM ), up 19% and NACCO Industries, Inc. (NYSE: NC ) up 18%. In trading on Thursday, energy shares fell by 1.7%. Top Headline U.S. initial jobless claims fell by 5,000 to 213,000 in the week ended September 10th, compared to analysts’ estimates of 226,000. This was the lowest number of jobless claims since the last week of May. Equities Trading UP AMTD Digital Inc. (NYSE: HKD ) shares shot up 55% to $293.53 after jumping 312% on Wednesday. Shares of NeuroBo Pharmaceuticals, Inc. (NASDAQ: NRBO ) got a boost, shooting 39% to $23.42 after the company announced Dong-A has licensed its global exclusive development rights of DA-1241 for type 2 diabetes and non-alcoholic fatty hepatitis and DA-1726 for obesity and non-alcoholic fatty hepatitis to NeuroBo.
U.S. stocks closed mostly higher with the Nasdaq 100 gaining around 100 points on Wednesday. Here is the list of some big stocks recording gains in the previous session. AMTD Digital Inc. (NYSE: HKD ) shares jumped 311.8% to settle at $189.42 on Wednesday as the stock experienced a resurgence in momentum despite a lack of fundamental news. Rhythm Pharmaceuticals, Inc. (NASDAQ: RYTM ) gained 24.4% to close at $30.85. Rhythm Pharmaceuticals announced a $100 million proposed public offering after the closing bell on Wednesday. NACCO Industries, Inc. (NYSE: NC ) gained 20.9% to close at $53.27. Evolution Petroleum Corporation (NYSE: EPM ) shares climbed 19.4% to close … Full story available on Benzinga.com
U.S. stocks pared gains toward the end of trading, with the Dow Jones dropping around 80 points on Wednesday. The Dow traded down 0.26% to 31,023.34 while the NASDAQ rose 0.23% to 11,660.57. The S&P 500 also fell, dropping, 0.05% to 3,930.65. Also check this: Market Volatility Jumps Following US CPI Data Leading and Lagging Sectors Energy shares climbed 3% on Wednesday. Meanwhile, top gainers in the sector included Evolution Petroleum Corporation (NYSE: EPM ), up 19% and NACCO Industries, Inc. (NYSE: NC ) up 18%. In trading on Wednesday, real estate shares fell by 1.3%. Top Headline The Producer Price Index for final demand declined 0.1% month-over-month in August, compared to a 0.4% decline in July. Equities Trading UP bioAffinity Technologies, Inc. (NASDAQ: BIAF ) shares shot up 38% to $5.70 after the company announced publication of its research in high-throughput flow cytometry analysis of sputum in PLOS ONE. Shares of SciSparc Ltd. (NASDAQ: SPRC ) got a boost, shooting 45% to $1.1296 after the …
Gainers: Evolution Petroleum (EPM) +19%. NACCO Industries (NC) +17%. Losers: Alcoa (AA) -11%. Nucor (NUE) -11%. Century Aluminum (CENX) -10%. Steel Dynamics (STLD) -10%.
Gainers Akerna Corp. (NASDAQ: KERN ) shares rose 81.2% to $0.2355 after gaining 8% on Tuesday. SciSparc Ltd. (NASDAQ: SPRC ) gained 68% to $1.3101 after the company announced it entered into an agreement to acquire Wellution for $20 million. bioAffinity Technologies, Inc. (NASDAQ: BIAF ) shares jumped 51.2% to $6.27 after the company announced publication of its research in high-throughput flow cytometry analysis of sputum in PLOS ONE. My Size, Inc. (NASDAQ: MYSZ ) rose 44% to $0.3194. ThermoGenesis Holdings, Inc. (NASDAQ: THMO ) surged 36.8% to $0.3090. Avenue Therapeutics, Inc. (NASDAQ: ATXI ) jumped 28.6% to $0.2992. Fast Radius, Inc. (NASDAQ: FSRD ) gained 23.6% to $0.6799. NeuroOne Medical Technologies Corporation (NASDAQ: NMTC ) rose 23% to $2.2269. VistaGen Therapeutics, Inc. (NASDAQ: VTGN ) jumped 19.6% to $0.2259. VistaGen Therapeutics recently announced the completion of an interim analysis of its PALISADE-2 Phase 3 clinical trial of PH94B. Tenax Therapeutics, Inc. (NASDAQ: TENX ) surged 18% to $0.24.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Wednesday. The Dow traded up 0.52% to 31,266.37 while the NASDAQ rose 0.89% to 11,736.86. The S&P 500 also rose, gaining, 0.71% to 3,960.61. Also check this: Market Volatility Jumps Following US CPI Data Leading and Lagging Sectors Energy shares climbed 3.5% on Wednesday. Meanwhile, top gainers in the sector included Evolution Petroleum Corporation (NYSE: EPM ), up 18% and NACCO Industries, Inc. (NYSE: NC ) up 14%. In trading on Wednesday, real estate shares fell by 0.9%. Top Headline The Producer Price Index for final demand declined 0.1% month-over-month in August, compared to a 0.4% decline in July. Equities Trading UP bioAffinity Technologies, Inc. (NASDAQ: BIAF ) shares shot up 36% to $5.63 after the company announced publication of its research in high-throughput flow cytometry analysis of sputum in PLOS ONE. Shares of SciSparc Ltd. (NASDAQ: SPRC ) got a boost, shooting 66% to $1.30 after the company …
U.S. stocks traded higher this morning, following the release of PPI data for August. Following the market opening Wednesday, The Dow traded up 0.22% to 31,173.35 while the NASDAQ rose 0.35% to 11,673.69. The S&P 500 also rose, gaining, 0.35% to 3,946.38. Also check this: Market Volatility Jumps Following US CPI Data Leading and Lagging Sectors Energy shares climbed 3% on Wednesday. Meanwhile, top gainers in the sector included Evolution Petroleum Corporation (NYSE: EPM ), up 16% and W&T Offshore, Inc. (NYSE: WTI ) up 13%. In trading on Wednesday, materials shares fell by 0.9%. Top Headline The Producer Price Index for final demand declined 0.1% month-over-month in August, compared to a 0.4% drop in July Equities Trading UP bioAffinity Technologies, Inc. (NASDAQ: BIAF ) shares shot up 56% to $6.47 after the company announced publication of its research in high-throughput flow cytometry analysis of sputum in … Full story available on Benzinga.com
Evolution Petroleum (NYSE:EPM) declares $0.12/share quarterly dividend, 20% increase from prior dividend of $0.10.Forward yield 7.08%Payable Sept. 30; for shareholders of record Sept.
Evolution Petroleum press release (EPM): Q4 Non-GAAP EPS of $0.44 beats by $0.03.Revenue of $42.02M (+206.7% Y/Y) beats by $3.88M.Increased production in the current quarter by 34%…
- Strong Cash Flow Generation Supports Increased Quarterly Cash Dividend and Share Repurchase Program -HOUSTON, TX / ACCESSWIRE / September 13, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") today announced financial …
HOUSTON, TX / ACCESSWIRE / September 12, 2022 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") today announced the appointment of Myra Coleman Bierria to the Company''s Board of Directors (the "Board"), effective …
Evolution Petroleum (EPM) is scheduled to announce FQ4 earnings results on Tuesday, Sep. 13th, after market close.
Evolution Petroleum (AMEX: EPM ) is set to give its latest quarterly earnings report on Tuesday, 2022-09-13. Here''s what investors need to know before the announcement. Analysts estimate that Evolution Petroleum will report an earnings per share (EPS) of $0.41. Evolution Petroleum bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
Evolution Petroleum Corporation with ticker code (EPM) now have 2 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 9.5 and 8.6 with a mean TP of 9.05. Now with the previous closing price of 7.06 this would imply there is a potential upside of 28.2%. The 50 day moving average now sits at 6.29 and the 200 day MA is 6.29. The company has a market capitalisation of $230m. Visit the company website at: https://www.evolutionpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="EPM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $295m based on the market concensus. Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field.
Evolution Petroleum Corporation with ticker code (EPM) have now 2 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 9.5 and 8.6 with the average target price sitting at 9.05. With the stocks previous close at 7.5 this would indicate that there is a potential upside of 20.7%. There is a 50 day moving average of 6.21 and the 200 day moving average is 6.27. The market cap for the company is $234m. You can visit the company''s website by visiting: https://www.evolutionpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="EPM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $283m based on the market concensus. Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field.
Evolution Petroleum''s management has navigated far worse challenges than the current environment adeptly. See why I''m bullish on EPM stock.
Evolution Petroleum buys producing properties from other companies rather than developing them itself. See why I think EPM stock is worth considering.
Evolution Petroleum Corporation with ticker code (EPM) have now 2 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 9.5 and 8.6 with the average target price sitting at 9.05. With the stocks previous close at 7.18 this now indicates there is a potential upside of 26.0%. There is a 50 day moving average of 6.12 and the 200 moving average now moves to 6.23. The market capitalisation for the company is $258m. Visit the company website at: https://www.evolutionpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="EPM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $326m based on the market concensus. Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field.
HOUSTON, TX / ACCESSWIRE / August 23, 2022 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") today announced that it will release its financial and operational results for the fiscal year ended June 30, 2022 (its …
Evolution Petroleum Corporation with ticker code (EPM) now have 2 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 9.5 and 8.6 calculating the average target price we see 9.05. Given that the stocks previous close was at 6.6 this would imply there is a potential upside of 37.1%. The 50 day MA is 6.24 and the 200 day moving average is 6.19. The company has a market cap of $215m. You can visit the company''s website by visiting: https://www.evolutionpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="EPM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $295m based on the market concensus. Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field.
HOUSTON, TX / ACCESSWIRE / August 8, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") today announced significant year-over-year growth in its reserves as determined by…
HOUSTON, TX / ACCESSWIRE / August 8, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") today announced significant year-over-year growth in its reserves as determined by its independent third-party reserves engineers, …
Evolution Petroleum Corporation with ticker code (EPM) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 9.5 and 8.6 calculating the average target price we see 9.05. Given that the stocks previous close was at 6.66 this indicates there is a potential upside of 35.9%. The 50 day moving average now sits at 6.29 and the 200 day moving average is 6.18. The market cap for the company is $220m. You can visit the company''s website by visiting: https://www.evolutionpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="EPM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $299m based on the market concensus. Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field.
HOUSTON, TX / ACCESSWIRE / July 21, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") today announced that the Company is scheduled to participate in a fireside chat wit…
HOUSTON, TX / ACCESSWIRE / July 21, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") today announced that the Company is scheduled to participate in a fireside chat with Water Tower Research on Thursday July 28, 2022 at …
Evolution Petroleum (EPM) said Tuesday that President and CEO Jason Brown is leaving the company "to pursue other opportunities," while board member Kelly Loyd is named as interim…
HOUSTON, TX / ACCESSWIRE / July 5, 2022 / Evolution Petroleum (NYSE American:EPM) ("Evolution" or the "Company") announced today that its President and Chief Executive Officer, Jason Brown, is departing the Company in order to pursue other …
The following slide deck was published by Evolution Petroleum Corporation in conjunction with this event.
Although the political winds have long attempted to fade out oil stocks to buy, this sector is back with a vengeance, first due to its relevance and second because they tend to pay solid dividends. However, not all hydrocarbon companies are equal, with some paying out more yield than others. Here then are nine companies to consider for your portfolio. The format for this list of oil stocks with the highest dividends is intuitive: three reliable companies, three toward the riskier end and the final three being among the riskiest. In turn, I’ll briefly go over what each brand specializes in and provide a quick rundown on possible reasons the yields are what they are. Basically, the higher the yield, the riskier the business. In addition, I’ve taken the time to explore some of the oil stocks that you don’t always hear about. While I could have stuck Exxon Mobil (NYSE: XOM ) or Chevron (NYSE: CVX ) on this list, let’s be real: both InvestorPlace and its competitors have covered the popular companies ad nauseum. 7 Retirement Stocks to Buy for a Bear Market Therefore, we’re going to mix it up a little bit with these oil stocks to buy to navigate the current troubled waters.
Evolution Petroleum has diversified away from Denbury and all its challenges of the past. Read more to see its growth catalysts and why the stock has the potential to go higher.
Evolution Petroleum Corporation with ticker code (EPM) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 6 and 3 calculating the mean target price we have 4.5. Given that the stocks previous close was at 4.89 this would indicate that there is a downside of -8.0%. The 50 day moving average now sits at 4.33 and the 200 moving average now moves to 3.58. The market cap for the company is $161m. Find out more information at: /> [stock_market_widget type="chart" symbol="EPM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
Evolution Petroleum (AMEX: EPM ) showed a loss in earnings since Q2, totaling $980.61 thousand. Sales, on the other hand, increased by 32.38% to $7.64 million during Q3. In Q2, Evolution Petroleum brought in $5.77 million in sales but lost $15.63 million in earnings. Why ROCE Is Significant Changes in earnings and sales indicate shifts in Evolution Petroleum''s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a Full story available on Benzinga.com
Evolution Petroleum Corporation with ticker code (EPM) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 6 and 3 with a mean TP of 4.5. Given that the stocks previous close was at 5.02 this would indicate that there is a downside of -10.4%. The 50 day moving average now sits at 4.13 while the 200 day moving average is 3.51. The market cap for the company is $171m. Find out more information at: /> [stock_market_widget type="chart" symbol="EPM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana. The company was founded in 2003 and is based in Houston, Texas.
HOUSTON, TX / ACCESSWIRE / June 11, 2021 / Evolution Petroleum Corporation (NYSE American:EPM) (Evolution or the Company) announced today that Jason Brown, President & Chief Executive Officer and Ryan Stash, Chief Financial Officer will participate in the virtual East Coast IDEAS Investor Conference on June 16 & 17, 2021. Evolutions presentation is scheduled to Read More » Evolution Petroleum to Present Virtually and Host 1×1 Investor Meetings at the 11th Annual East Coast IDEAS Investor Conference on June 16th & 17th The post Evolution Petroleum to Present Virtually and Host 1×1 Investor Meetings at the 11th Annual East Coast IDEAS Investor Conference on June 16th & 17th appeared on Stocks News Feed .
HOUSTON, TX / ACCESSWIRE / June 11, 2021 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") announced today that Jason Brown, President & Chief Executive Officer a
HOUSTON, TX / ACCESSWIRE / June 11, 2021 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution" or the "Company") announced today that Jason Brown, President & Chief Executive Officer and Ryan Stash, Chief Financial Officer will
Evolution Petroleum Corporation found using ticker (EPM) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 6 and 3 with the average target price sitting at 4.5. Now with the previous closing price of 4.56 this indicates there is a potential downside of -1.3%. There is a 50 day moving average of 3.64 and the 200 day MA is 3.36. The company has a market capitalisation of $159m. Company Website: /> [stock_market_widget type="chart" symbol="EPM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana. The company was founded in 2003 and is based in Houston, Texas.
Global uranium production is tipped to increase by 3.1% in 2021, bolstering the hopes of a handful of Australian uranium hopefuls. Experts at data analyst consultancy GlobalData have predicted 51,200 tonnes of uranium will be produced this year, largely thanks to the return of production at Cigar Lake in Canada and increased output growth from leading uranium producers Kazakhstan and Russia. The production increase comes despite a predicted 21.2% drop in Australian uranium production due to the renowned Ranger mine in the Northern Territory closing down after 40 years of service. Market on road to recovery Associate project manager at Global Data Vinneth Bajaj said uranium would begin its recovery this year after several years of decline. Global uranium production has been limited in recent years, mainly due to a sluggish market. This was further impacted by the COVID-19 pandemic from early 2020, he said. In fact, global production of uranium fell by 9.2% to 49,700 tonnes in 2020, with the most significant declines observed in Canada (43.9%) and Kazakhstan (14.6%) globally, almost 60% of uranium originates from these two countries.
Eclipse Metals (ASX: EPM) reports an ongoing evaluation and desktop review of historic drilling assays has identified shallow uranium-vanadium-strontium mineralisation at the Ngalia Basin project in the Northern Territory. Interpretation of data from 149 rotary air blast holes for 1,243m of drilling as well as a previous airborne geophysical survey has highlighted several untested high-priority [] The post Eclipse Metals data review unveils uranium-vanadium-strontium areas at Ngalia Basin project appeared first on Small Caps .
Inflation is here. Commodity prices are soaring, with the price of oil up by about 10% in just two weeks. As a result, many energy-based stocks have already broken out. Other energy-based companies haven''t broken out yet, but appear to be on the verge of doing so. These include Evolution Petroleum Corporation (NYSE: Full story available on Benzinga.com
Evolution Petroleum Corporation found using ticker (EPM) now have 2 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 6 and 3 with the average target price sitting at 4.5. Given that the stocks previous close was at 3.69 this is indicating there is a potential upside of 22.0%. The 50 day moving average now sits at 3.5 and the 200 day moving average is 3.3. The market cap for the company is $133m. Company Website: /> [stock_market_widget type="chart" symbol="EPM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana. The company was founded in 2003 and is based in Houston, Texas.
Evolution Petroleum Corporation found using ticker (EPM) have now 2 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 6 and 3 with the average target price sitting at 4.5. With the stocks previous close at 3.73 this is indicating there is a potential upside of 20.6%. The day 50 moving average is 3.44 and the 200 moving average now moves to 3.25. The market cap for the company is $118m. Find out more information at: /> [stock_market_widget type="chart" symbol="EPM" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana''s Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana. The company was founded in 2003 and is based in Houston, Texas.
Eclipse Metals has locked in a four-year extension to its exploration licence at the Ivittuut cryolite and rare earth project in Greenland, with heavily reduced minimum expenditure commitments for the first year. The extension follows amendments to the previous licence made by the newly elected Greenland Government. A program of work for 2021 has been submitted with approval
Sydney, May 25, 2021 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Eclipse Metals Ltd (ASX:EPM) has received further indication of the Greenland Governments support for its Ivittuut Project through confirmation of a four-year extension to the mineral exploration licence. The extension of MEL2007-45 to December 31, 2024, is also validated by the government through heavily-reduced minimum expenditure commitments for the first year of tenure. This follows Greenlands Minister for Mineral Resources Naaja Nathanielsen signing addendum No 6 to the licence document granted to Eclipse, providing the updated conditions. Historic cryolite mine Eclipse acquired the Ivittuut project in January 2021 and the project area hosts the historic Ivittuut cryolite mine and undeveloped mineral resources, including a large REE-bearing carbonatite deposit. Between 1865 and 1985, the Ivittuut mine produced 3.8 million tonnes of high-grade cryolite, used in the aluminium industry, from the world''s largest known mineable resource of naturally occurring cryolite (Bondam, J. 1991).
Eclipse Metals (ASX: EPM) is officially the owner of the Ivittuut project for another four years after the Greenland Government approved the register and transfer of the exploration licence into the companys name. The Greenland Government has granted a four-year extension to the exploration licence to the 31 December 2024, with the advantage of heavily [] The post Eclipse Metals secures official Ivittuut exploration licence title from Greenland Government appeared first on Small Caps .
ASX-listed explorer, Eclipse Metals has uncovered encouraging rare earth elements sniffs from a reinterpretation of old surface samples taken from the Gronnedal-lka deposit area within its recently acquired historic Ivittuut project tenement holdings in south-western Greenland. Total rare earth element readings gleaned from its analysis of historic rock chip samples collected