Join our daily newsletter At The Bell to receive exclusive market insights
- Eclipse Metals (EPM) commences its environmental and social studies required for its mining lease application (MLA) for its multi-commodity Ivittuut project in Greenland
- To assist in preparing the assessments, the company has engaged a Europe-based consultancy group with expertise across engineering and environmental science
- Eclipse Executive Chairman Carl Popal said work to be completed by the consultancy would be important in progressing the company’s development of Ivittuut
- The timeline for the completion and submission of these reports takes two to three years but the company expects the timeframe to be reduced
- Shares in Eclipse Metals end the day in the grey to close at 2.1 cents
Eclipse Metals (EPM) has commenced environmental and social studies required for its mining lease application (MLA) for its multi-commodity Ivittuut project in Greenland.
The MLA is required by Greenland’s Mineral Licenses and Safety Authority (MLSA) as part of the Mineral Resources Act.
To assist in preparing the assessments, the company has engaged a Europe-based consultancy group with expertise in engineering and environmental science.
The work will include data collection, mapping and public consultation for the studies.
Eclipse Executive Chairman Carl Popal said work to be completed by the consultancy would be important in progressing the company’s development of Ivittuut.
“Overall, results of this work will put Eclipse in a better position with greater understanding of potential impacts on these aspects so that we can make decisions on Ivittuut’s development,” he said.
“In Greenland, all projects need to complete an EIA and SIA as part of any mining licence application so once this work is complete we will have a better understanding of what’s needed to move forward at Ivittuut.”
The timeframe for the completion and submission of these reports takes two to three years but the company expects the time to be reduced due to existing documents and reports held by Eclipse which will form part of the scoping phase.
Shares in Eclipse Metals ended the day in the grey to close at 2.1 cents.
