"President Donald Trump's escalating rhetoric on seizing Greenland and reigniting a trade war with Europe is creating anxiety worldwide, but it's also drawing attention to New York-based Critical Metals and its massive rare earths mining project near the southern tip of the world's largest island. Critical Metals, which is developing the Tanbreez rare earths project, has seen its stock spike nearly 150% since the beginning of the year-and more than 280% in six months. It now has a market cap of over $2 billion."
""In one way, it's good, because obviously a lot of people now are realizing how big Tanbreez is and how important it is strategically for the U.S. But it's bad that it creates uncertainty with the local people. You've seen the protests about what's happening," Sage said. "There is a little trepidation in Greenland with our local partners and our staff. It's not causing us any delays right now but, if things escalate, that might cause us some delays.""
Escalating U.S. rhetoric about seizing Greenland and new tariffs on Denmark and the E.U. have raised global anxiety and increased focus on Greenland's resources. New York-based Critical Metals is developing the Tanbreez rare earths project and has seen its stock surge roughly 150% year-to-date and over 280% in six months, giving it a market value above $2 billion. CEO Tony Sage is managing relations with the U.S., the E.U., and the Greenland government while avoiding taking sides. Local protests and public trepidation risk project delays if tensions escalate, even as the project is framed as strategically important.
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