Despite his unsuccessful attempts to put strain on political efforts in recent months, US President Donald Trump is determined to annex Greenland.
According to Reuters, a private business group led by the Trump presidency is now heading to the region’s abundant natural resources to look into potential investment opportunities and invest significant sums of money.
The move comes after Greenland and Denmark tightly rejected Trump’s earlier attempts to get 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 using military force 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 field representatives is making their first appearance on the Arctic isle.
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 group’s investment is supported by significant institutional investors like Cerberus Capital Management and Cantor Fitzgerald and aims to increase Greenland’s appearance of the US private business.
Horn told Reuters,” I’m no trying to do anything mad like arrange 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 connection with Denmark, Nielson has urged stronger international 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 National 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 may foster greater collaboration in an impartial Greenland supported by US personal development. One of the largest rare earth deposits in the world is the Tanbreez mine site, which is included in the delegation’s timetable.
