While killing time before inauguration day, President-Elect Trump has been doing what he seems to do best…
Making headlines and ruffling feathers.
China interfering a little too much at the Panama Canal? We’re going to take it back. Panamanian President José Raúl Mulino insisted that Panama’s independence was non-negotiable.
Canada won’t enforce its borders with the US? We’ll just annex it as the 51st (and maybe 52nd?) state. “Governor” Justin Trudeau didn’t take kindly to the suggestion.
Then just last week he floated the idea of buying Greenland!
“For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity.”
Greenland is a bit of a unique situation.
It actually became an autonomous territory of the Kingdom of Denmark in 1979. And while they are predominantly self-governing, the Danish government still “retains control of citizenship, monetary policy, and foreign affairs, including defense.”
Greenland sits just south of the Arctic Ocean. It’s the world’s largest island and is 80% covered by ice. Temperatures can reach up to 50 degrees (only briefly in the summer months) but are more likely to be closer to zero.
And its head of government Múte Bourup Egede insists Trump’s overture will come to nothing.
Given all that, why on earth would Trump want control of an ice cube at the top of the world?
Because Greenland is rich in minerals.
And one small-cap miner is making headway in the region.
Drilling Into the Top of the World
Critical Metals Corp. (CRML) is a Nasdaq-listed junior mining company with a market cap of nearly US$600 million. Their chief asset is the Wolfsberg Lithium Project located in southern Austria. But that’s not what we want to talk about here.
Recently the company has expanded its portfolio northward… into Greenland!
In June 2024, the company announced that it had signed a binding agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth mine — known to be one of the largest rare earth deposits in the world. The company has wasted no time developing this new property.
By September the company had announced its initial drilling program to consist of 14 holes with a total depth of 2,200 meters.
And by December they had released the results of their initial drill hole which showed notable discoveries of Zirconium, Tantalum, Niobium, Gallium and Hafnium (all in oxide form). On top of that their results also showed potentially significant deposits of nine lanthanides.
Now it’s important to remember CRML is a junior miner. And like nearly all junior miners what little revenue they generate is swallowed up by operating expenses. So their bottom line has consistently been in the red.
Nevertheless, this is some exciting news from the top of the world.
Critical Metals Corp. (CRML)
Source: Barchart.com
Something Trump might even be jealous of…
