Greenland, the world’s largest island, is attracting serious global attention. It lies between the Arctic and Atlantic Oceans which makes it strategically important. In 2019, President Donald Trump made waves by suggesting that the U.S. purchase Greenland. Although his proposal was rejected by both Greenlandic and Danish leaders, it highlighted the growing international interest in the icy island.
However, history seems to be repeating itself, as Trump has once again expressed a strong interest in purchasing Greenland during his second tenure.
Why Trump Wants to Buy Greenland?
The idea of the U.S. buying Greenland stemmed from its advantageous location in the Arctic. As climate change melts ice, new shipping routes are opening, making Greenland an even more valuable asset.
Beyond its geographical importance, the island is rich in untapped resources such as rare earth metals, oil, gas, and minerals—critical for industries like technology and defense. With its vast mineral wealth, military significance, and new opportunities brought by climate change, Greenland is rapidly becoming an exciting and attractive place for investment, particularly in the mining sector.
Additionally, securing access to Greenland’s resources could reduce U.S. reliance on imports from countries like China.
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Top 3 Greenland Stocks to Watch in 2025
Though Trump’s plan didn’t move forward, it highlighted Greenland’s growing geopolitical importance and opened doors for investments, especially in its mining industry. In this article, we’ll highlight three companies to watch in Greenland’s booming mining industry as 2025 unfolds.
1. Amaroq Minerals: Sustainable Growth in Gold Exploration
Amaroq Minerals, founded in 2017, provides sustainable mineral solutions to meet global energy demands. Specializing in gold exploration, the company is actively exploring Greenland’s vast mineral resources. It holds an impressive license portfolio covering 6,072.5 km² in South Greenland.
As of January 2025, Amaroq’s market capitalization stands at around CAD 827 million. This reflects a remarkable growth of over 200% in the past year. The company’s recent accomplishments include discovering high-grade gold at its Eagle’s Nest Exploration Project and starting production at the Nalunaq Mine, one of Greenland’s oldest and richest gold deposits.
Moving on, Amaroq aims to minimize its environmental impact. The company focuses on responsible resource management and conserving biodiversity. By committing to sustainable mining practices, it plays a significant role in the global energy transition.
2. Critical Metals: Capitalizing on Rare Earth Elements
Critical Metals Corp is a pioneer in the mining of rare earth elements and critical minerals. The company focuses on recycling industrial by-products, including lithium batteries, to extract valuable metals for the energy transition. This approach supports the European lithium battery supply chain and promotes a circular economy.
One of Critical Metals’ most significant projects is the Tanbreez Rare Earth Mine in Southern Greenland. The mine holds some of the world’s highest-grade rare earth elements, including gallium, a metal used in the electronics and renewable energy industries. Critical Metals has been making strides in advancing sustainable mining processes, including partnerships to improve the recovery of these critical materials.
As of January 2025, Critical Metals has seen a tremendous surge in its market cap, reaching approximately $670.63 million—a staggering increase of over 550% from the previous year. The company’s growth shows investor trust in its ability to provide key metals for Europe’s electrification and energy storage needs.
3. Greenland Resources: Exploring Molybdenum
Greenland Resources Inc. is advancing the Malmbjerg Molybdenum Project in eastern Greenland. This world-class deposit of molybdenum, with copper nearby, is vital for several industries, including steel manufacturing and defense. As of January 2025, its market capitalization is approximately CAD 90.15 million, a 43.92% increase over the past year.
The company has made significant progress in obtaining the necessary environmental and social approvals for its project. The company is also working closely with partners like Rasmussen Global to secure funding from supranational organizations such as NATO’s Innovation Fund.
Molybdenum is critical for military defense and technology, and Greenland Resources’ Malmbjerg Project could supply up to 25% of the EU’s molybdenum needs for decades. Talking about sustainability, the company is using wind and solar power to supply energy to the mine.
Other Players in Greenland’s Mining Landscape
While these three companies are the top players, others are also exploring opportunities in Greenland’s mining sector. Brunswick Exploration Inc., for example, is an early-stage venture focused on lithium and other metals critical for renewable energy. The company recently applied for additional licenses in Greenland following promising discoveries of spodumene, a key lithium-bearing mineral.
Another notable company, Bluejay Mining plc, is advancing its Dundas Ilmenite Project in Greenland. It’s a crucial project for titanium, which is used in various industrial applications. Although recent updates have been limited, Bluejay’s continued efforts show Greenland’s vast mining potential.
So “Greenland is NOT for Sale…”
“Greenland is ours. We are not for sale and will never be for sale. We must not lose our long struggle for freedom.”
As said before, Greenlandic and Danish leaders rejected the idea of Greenland becoming a U.S. territory, but the discussion highlighted the island’s rising geopolitical importance amid global power shifts and climate changes.
Despite Trump’s past comments about potentially using force or economic pressure to acquire Greenland, Egede expressed willingness to strengthen cooperation with Washington. He acknowledged why Trump might find the island appealing, given its strategic Arctic location.
Egede further reaffirmed Greenland’s stance at a press conference with Danish Prime Minister Mette Frederiksen in Copenhagen, noting,
“Greenland is for the Greenlandic people. We do not want to be Danish, we do not want to be American. We want to be Greenlandic.”
If we see the brighter side, Greenland’s importance is only growing. The island is becoming an even more attractive destination for mining companies looking to secure valuable resources. With companies like Amaroq Minerals, Critical Metals, and Greenland Resources leading the charge, 2025 is set to be a transformative year for Greenland’s mining sector.
- FURTHER READING: Top 5 Carbon Stocks to Watch in 2025