President Trump Announces Greenland Agreement: Massive Development for Kvanefjeld Rare Earth Deposit
President Trump has just announced that the U.S., Denmark and Greenland have reached a major agreement giving the United States permanent control over Greenland’s security arrangements.
The key elements Trump announced are:
- Permanent U.S. military presence/access: Trump says the U.S. will have the ability “FOREVER” to take whatever actions it considers necessary in Greenland for U.S. and Greenlandic security. The agreement reportedly has no expiration date.
- Major military expansion: Trump says the U.S. will immediately begin developing a much larger military presence in appropriate areas of Greenland.
- Blocking China/Russia and other U.S. adversaries: Trump says no U.S. adversary will be permitted to establish a military base or military presence in Greenland without written U.S. approval.
- Control over sensitive foreign investment: Trump also says adversaries cannot make “sensitive investments” in Greenland without U.S. approval. Reuters had reported that limiting Chinese influence and investment was part of the negotiations.
- Golden Dome: Negotiations have included allowing Greenland to play a role in Trump’s planned Golden Dome missile-defense system.
- No U.S. purchase of Greenland: Importantly, this is not an annexation or purchase of Greenland. Greenland remains part of the Kingdom of Denmark; the agreement concerns U.S. security/military rights rather than sovereignty.
This is absolutely massive for Energy Transition Minerals (ASX: ETM), which owns the western world’s largest Rare Earth Element Deposit at Kvanefjeld. This explains why the U.S. has been negotiating to remove Shenghe Resources as an ETM shareholder.
Also today, it was announced that China Rare Earth Group is in talks to acquire ETM shareholder Shenghe Resources.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 3,700,000 shares of ETM and can buy or sell shares at any time. This message is meant for informational and educational purposes only and does not provide investment advice.