Critical Metals jumped 37.5% to $9.22, while Greenland Energy surged 126% and Greenland Mines soared 136% on news this past weekend that President Trump had announced a security deal with Denmark and Greenland. This is fueling Wall Street's expectations of greater US access to the territory's mineral resources.
Trump said Friday in a lengthy Truth Social post that the US had reached a deal with Denmark and Greenland granting it control over Greenland's security. Danish and Greenlandic officials said the agreement preserves Greenland's sovereignty.
"At my direction, we worked with representatives of Denmark and Greenland to guarantee that the United States will FOREVER have the complete ability to do what is necessary in Greenland to secure and defend the security of Greenland, and the United States of America," Trump stated.
Critical Metals' Tanbreez project offers the West conflict-free (meaning ex-China) rare earth supplies. The company says heavy rare earths make up about 27% of the deposit's total rare-earth content. These materials are critical for magnets, defense systems and precision electronics.
Based on Critical Metals' latest disclosures, Tanbreez is not yet in commercial production. The company describes it as an advanced, permitted development project that will supply rare earths "once operational."
What's notable about the Tanbreez project in southern Greenland is that it contains about 45 million metric tons of resources.
According to Critical Metals' March 2026 slide deck, Tanbreez is targeting first ore production in late 2028 or early 2029, with concentrate exports beginning by the third quarter of 2029. That is a major problem for the West, and the market is getting ahead of itself because these critical metals were needed yesterday, as China's quasi-monopolistic position in critical metals is currently choking the West.
That's why we're focused on producers that can deliver today rather than junior miners, as highlighted by the Bloomberg news earlier this morning that South Korea gave Almonty Industries the green light to begin shipping tungsten ore from its Sangdong mine to overseas customers.
The VanEck Rare Earth and Strategic Metals ETF (REMX) is a fund that holds shares of lithium, tungsten, and other materials miners.
Its positions include:
- SQM: 7.89%
- Albemarle: 7.74%
- MP Materials: 6.22%
- Lynas Rare Earths: 5.93%
- Almonty Industries: 4.15%
REMX saw a massive run-up beginning in mid-2025 and peaked around June before retracing about 40%. Now the mining ETF is stabilizing with a higher low and could be due for an upside move.
With China choking off critical metal supplies to the West, the market should focus on miners that are producing today and can deliver to fill the West's supply gap. Early movers will win.