US, Denmark and Greenland Reach Security Pact on Sensitive Investments

โดย American News Group·GLUSDK·Read original
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President Trump announced that the United States, Denmark and Greenland have reached a security agreement barring US adversaries from making sensitive investments in Greenland without express written approval, a move that pulls the global rare earth supply race northward. According to reporting by CNBC, the broader provisions would prohibit sensitive investments by non-allied nations in Greenland's critical minerals and mining sectors, and the governments of Denmark and Greenland said they expect to sign the agreement this week during the UN General Assembly, though it still requires ratification by the Danish and Greenlandic parliaments. The global rare earth elements market was estimated at $3.95 billion in 2024 and is projected to reach $6.28 billion by 2030, an 8.6% compound annual growth rate from 2025 to 2030, according to Grand View Research, while Mordor Intelligence sizes the market at 208.02 kilotons in 2026 and expects 273.30 kilotons by 2031, a 5.61% compound annual growth rate. US-listed companies with Greenland exposure rallied sharply on Monday, with the largest percentage moves concentrated in the smallest names, though the full legal text has not been released and nothing announced so far grants any company a permit, an offtake or funding. Greenland Mines Ltd. announced it has applied to the Government of Greenland for a new license covering approximately 262 km² east of its existing Sarfartoq license, MEL 2020-32, which if granted would grow its Sarfartoq footprint from about 192 km² to about 454 km², and the company's ST1 deposit carries an S-K 1300 Mineral Resource Estimate of 6.9 million tons Indicated at 1.60% TREO and 5.3 million tons Inferred at 0.96% TREO, with a high-case pre-tax NPV of approximately $2.05 billion.

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Greenland Mines applied for a new ~262 km² license east of its Sarfartoq license, expanding its footprint, amid the US-Denmark-Greenland security pact restricting adversary investment in Greenland's critical minerals.

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Greenland Mines has applied to the Government of Greenland for a new exploration license covering approximately 262 square kilometres immediately east of its existing Sarfartoq license. If granted, the new license would increase the company's controlled footprint at Sarfartoq from approximately 192 square kilometres to approximately 454 square kilometres, more than doubling its position across the known rare earth and carbonatite district. The company plans a two-track strategy at Sarfartoq, advancing the ST1 neodymium-praseodymium rare earth deposit while evaluating known satellite targets and exploring the broader district. The ST1 Hybrid Mineral Resource Estimate comprises 6.9 million tons of Indicated Mineral Resources grading 1.60% total rare earth oxides and 5.3 million tons of Inferred Mineral Resources grading 0.96% TREO, with an Initial Assessment high-case pre-tax NPV of approximately $2.05 billion. The newly applied-for area is not included in the current ST1 resource estimate or economic analysis and remains an exploration opportunity subject to approval by the Government of Greenland.
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