M&A

Eclipse pounces on world's only cryolite mine

ECLIPSE Metals is stepping out of its usual Australian uranium and base metals comfort zone, with a potential multi-million dollar cash and scrip deal to take ownership of the world's largest cryolite mine, on Greenland's Cape Desolation.

Ivittuut in the 1960s.

Ivittuut in the 1960s.

While Ivittuut was worked out in 1987, after 120 years of production, Eclipse believes there is a chance to resurrect the operation, which primarily recovers a mineral used in the extraction of aluminium...

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