Trump’s Greenland deal follows US firm’s purchase of rare-earth metals mine

NY Post ^ | 9/19/26 | Geoff Earle

[Libloather]

President Trump’s new Greenland security deal comes just 17 days after a US-based company quietly closed a deal to purchase a Greenland mining company that would produce more than a third of the world’s rare earth magnet supply outside of China.

On Sept. 1, Greenland Mines, a NASDAQ listed US-aligned firm headquartered in North Carolina, closed a deal for the Sarfartoq Rare Earths Project in southwest Greenland.

The company announced that it planned to produce NdPr oxide – a compound of neodymium and praseodymium used in the manufacturing of magnets for EVs and wind turbines, as well as defense capabilities.

It said it planned to produce about one-third of the amount refined globally outside of China, as the US and other world powers position for access to vital rare earth minerals.

The company says the project has an estimated value of $2.05 billion.

The preliminary acquisition of the Sarfartoq Rare Earths Project was first announced in May when it was valued at $35 million, and points to new potential economic ties between the US and Greenland.

President Trump, in his Friday night statement, announced that the US, Denmark, and Greenland have entered into an agreement “that gives the United States permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many US concerns.”

“From now on, no US adversary can EVER have a base in Greenland, have a military presence in Greenland, or make sensitive investments in Greenland, without our express written approval,” Trump posted on Truth Social.

The three governments are expected to sign the agreement next week at the United Nations General Assembly in New York.

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TOPICS: Business/Economy; Local News; Outdoors; Science
KEYWORDS: deal; greenland; literallyhitler; metals; mine; rareearths

[Libloather]

No chicom biolabs on Greenland.

[Merrick]

So Trump got exactly what he wanted.

Lucky Trump strikes again.

[ansel12]

I read a moderately long article about Danish leaders mocking the agreement because all that Trump noise and effort for what amounts to the same old status quo agreement, there were still no details on the actual agreement but near the end the anti-Trump Dane politician said that it did give us permanent rights to our military occupation and removed it from depending if NATO existed or not, well that is HUGE, also through the mocking tone, if you read between the lines it seemed to concede that Russia, China and others are kept out, forever, in other words HUGE.

I think we are going to like this a lot when the details emerge.

[Ann Archy]

They LAUGHED at Trump.....who’s laughing now??

[Merrick]

In other words, exactly what Trump always said America *needed* before he went into deal mode and demanded ten times more before ‘conceding’ to his original goals and letting Greenland and the Danish government pretend to save face while getting exactly what America needs.

Lucky Trump? Lucky America.

[Merrick]

I love your tagline. But if it were only true they were only sacrificing to convenience - sadly, they are sacrificing to far more than that.

[PIF]

No chicom biolabs on Greenland.

—
Just Chinese mining consortiums that have been there for decades.

Producing rare earths is one thing, refining them is another very messy job, with lots of pollution, which is why China leads, since they have no real regulations on refining.

[Sacajaweau]

You really think a company would invest in this if it wasn’t feasible. Think please!!!

[Sacajaweau]

That’s the media doing their usual “anti Trump” article.

[Rockingham]

This is the greatest surrender by Denmark since the Battle of Copenhagen in 1801. If needed, a few years from now, when US military and economic power dominate Greenland, Demark can be squeezed to give up the last shred of sovereignty over the island.

[FreedomPoster]

One of the main battles where Admiral Nelson made his reputation. Was awarded a very nice silver set by Lloyd’s for Copenhagen and the Nile, which they re-acquired after his death at Trafalgar, and is on display on the floor at Lloyd’s.

[sauropod]

Read later.

[yefragetuwrabrumuy]

Just having “rare earths” is meaningless, as they are 15, *fifteen*, different elements. And while several of them will tend to cluster together in a given ore, (and being chemically similar, are very hard to separate), as different elements, they have different properties. To make things even more confusing, there are two not-”rare earth” elements included with them, scandium and yttrium, just because they are typically found with them.

So you have a “rare earth” mine? Which “rare earth” elements are in it?

Lanthanum (La)
Cerium (Ce)
Praseodymium (Pr)
Neodymium (Nd)
Promethium (Pm)
Samarium (Sm)
Europium (Eu)
Gadolinium (Gd)
Terbium (Tb)
Dysprosium (Dy)
Holmium (Ho)
Erbium (Er)
Thulium (Tm)
Ytterbium (Yb)
Lutetium (Lu)

[Pete from Shawnee Mission]

There are places in the U.S. that have rare earths, but getting the regulatory approvals and funding to do the mining can take decades. Mountain Pass in California is another rare Earth Mine that is in operation, Bokan mountain in Alaska, there was one in SE Missouri, Pea Ridge?, A privately owned materials company in Alabama, and there have been efforts during the Biden years to extract rare earths from Coal Mine tailings. The elk creek mine is in Nebraska. This company would also be doing their own processing.

Elk Creek project

"NioCorp is developing the Elk Creek Project in Southeast Nebraska, subject to receipt of sufficient project financing, that will produce 8 critical minerals including, niobium, scandium, titanium and several rare earth elements. Niobium is used to produce high-performance specialty alloys such as High Strength, Low Alloy steel, a lighter, stronger steel used in automotive, structural, defense, and energy infrastructure. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance and is also a critical component of high-efficiency solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron magnets, which are used across a wide variety of defense and civilian applications."

[Georgia Girl 2]

👍

[citizen]

Key Commodities
Magnet REEs (Nd, Pr, Dy, Tb), plus La and Ce. Other resources in the license area: Nb, Ta, P, and diamonds.

[citizen]

https://greenlandmines.com/projects/sarfartoq-site/

[Rockingham]

Britain’s overseas empire and the trade that generated her wealth relied on not just the British Navy but also Lloyd’s, an extraordinary invention of free market capitalism. For many decades, Lloyd’s commercial news and intelligence service often scooped the Admiralty. The silver service set awarded to Nelson was well-earned.

[PIF]

You really think a company would invest in this if it wasn’t feasible.

—
Never said it was not feasible, I just reported the facts, as the currently stand. Do not jump to conclusions.