Despite his unsuccessful attempts to put pressure on political efforts in recent months, US President Donald Trump is determined to annex Greenland.
A private business group led by the Trump presidency is now heading to the region’s abundant natural resources to look into potential investments and invest significant sums of money, according to Reuters.
The decision comes after Greenland and Denmark strongly opposed Trump’s earlier attempts to gain Greenland through political channels.
British interests in Greenland, which remains under Swedish autonomy while maintaining self-governance, have grown, causing political resistance with Copenhagen since Trump’s administration first took shape in January.
If Denmark refuses to” buy it,” Trump has not ruled out the use of military power to annex Greenland.
The abundant natural resources of Greenland, especially its rare earth mineral deposits, are the focus of the National private sector. The schedule coincides with new political transitions, with Jens-Frederik Nielsen taking over the position of prime secretary in the Arctic.
Following Jens-Frederik Nielsen’s success in the poll, which nominates the business-friendly Demokratiit Party as the new elite, this group of private sector associates is making their first browse to the Arctic area.
Representatives from businesses as diverse as Essential Metals Corp, Cogency Power, American Renewable Metals, and Refacture are among the group led by Drew Horn, the CEO of GreenMet and a former electricity national under Trump.
The team, which is supported by significant institutional buyers like Cerberus Capital Management and Cantor Fitzgerald, aims to increase the presence of the US private sector in Greenland.
Horn told Reuters,” I’m no trying to do anything mad like compose a purchase or a purchase of Greenland by the United States.”
He continued, noting that his consortium includes well-known investors like Cerberus Capital Management and Cantor Fitzgerald.” We’re looking just to do traditional private sector business enhancement,” he continued.
The visit comes soon after Denmark’s King Frederik’s travel, a sign that Greenland and its former imperial power are still united. While reaffirming Greenland’s marriage with Denmark, Nielson has called for stronger global relations.
Since Trump’s election, Greenland’s vast reserves of rare earth elements and other minerals, which are probably worth billion, have increased attention there. With little American involvement, the mining sector in Greenland, which is estimated to be worth trillions in mineral deposits, is already dominating by Asian, American, and British companies.
Horn added that the private sector’s expansion could foster greater collaboration in an impartial Greenland supported by US personal development. The delegation’s plan includes a visit to one of the largest rare world deposits in the world, the Tanbreez miners site.
