Tech investors are closely monitoring the geopolitical developments surrounding Greenland, seeking to understand the implications for critical and rare earth mineral mining operations on the Arctic island. The United States’ heightened interest in acquiring the self-governing Danish territory has brought commercial opportunities, particularly in the mining sector, into sharp focus.
Critical Metals Corp, a company with a mining project in development in Greenland, has been fielding inquiries from tech investors regarding the potential impact of a U.S. acquisition on its assets and development strategies. CEO Tony Sage noted that President Trump’s rhetoric has generated increased investor “buzz” for the project, with backers including those invested in major U.S. tech companies. Critical Metals Corp’s project is in the early stages of developing a plant to extract heavy rare earth elements (HREEs), which are crucial for advanced technologies such as electric vehicles and AI data center infrastructure due to their heat resistance and magnetic stability properties.
Similarly, Amaroq, another mining company with projects in Greenland, has reportedly been in discussions with U.S. government bodies about potential investment opportunities. This engagement comes as the White House has indicated it is “actively” discussing a potential offer to buy Greenland, with U.S. Secretary of State Marco Rubio expected to hold talks with Danish officials.
Interest in Greenland’s critical minerals and rare earth mining has been growing over the past year, coinciding with increasing geopolitical tensions that have highlighted vulnerabilities in global supply chains for these essential materials. Amaroq’s CEO Eldur Ólafsson mentioned an uptick in attention from investors, including those in the tech sector, over the last 12 months. The company reported in November the presence of “commercial levels” of germanium and gallium in a Greenlandic mining project. These minerals are vital for advanced AI chips, and Ólafsson pointed to China’s past export restrictions on them as evidence of their critical importance in technology and defense.
The strategic significance of these minerals was underscored by China’s rare earth export restrictions in 2025, which brought the challenge of China’s dominance in the sector to the forefront for tech investors. Sage of Critical Metals Corp highlighted the investor interest in heavy rare earths, including elements like Yttrium, Gadolinium, Terbium, and Dysprosium, emphasizing their indispensable role in defense technologies, robotics, semiconductors, and aerospace.
Critical Metals Corp maintains that it has strong relationships with both the Greenlandic and U.S. governments and anticipates no disruption to its plans. The company’s stock experienced a significant surge following reports of the U.S. government considering a stake acquisition, although it later tempered those gains.
However, some industry experts express skepticism about the near-term impact of Greenland’s critical and rare earth minerals on reducing Western dependence on China, which remains the dominant global producer. Tracy Hughes, founder and executive director of the Critical Minerals Institute, pointed out that the journey from mineral exploration to the production of functional magnets involves multiple complex stages, and current operations in Greenland are still in the exploration phase. She anticipates that Greenland’s rare earth resources will not materially alter market dynamics within the next decade.
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