Tech investors are sounding out how the U.S. taking Greenland would affect the viability of critical and rare earth minerals mining there, CNBC has learned, as Washington ramps up its pursuit of the Arctic island.
Greenland has found itself at the center of a geopolitical firestorm over the past week as the U.S. has threatened to annex the self-governing Danish territory, citing national security concerns. Commercial opportunities have also come into the spotlight.
In the past week, Critical Metals Corp
, a company with a mining project in development on the Arctic island, has fielded questions from tech investors about how the U.S. acquiring Greenland would impact that asset and its development strategy, CEO Tony Sage told CNBC. The NASDAQ-listed company’s stock is up 116% since the start of 2026.
The project is in the early stages of building a plant to extract heavy rare earth elements (HREE), which can be used to provide heat resistance and magnetic stability in advanced technology ranging from EVs to AI data center infrastructure.
