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 administration is now heading to the island’s abundant natural resources to look into potential investment opportunities and invest significant sums of money in the area, according to Reuters.
The decision comes after Greenland and Denmark strongly opposed Trump’s earlier attempts to gain Greenland through political channels.
American involvement in Greenland, which continues to be under Swedish independence while maintaining self-governance, has increased, creating political friction with Copenhagen since Trump’s presidency first took shape in January.
If Denmark refuses to” buy it,” Trump has not ruled out using military power to annex Greenland.
The British private sector wants to make an investment in Greenland’s abundant natural resources, especially its unusual earth mineral deposits. Given Jens-Frederik Nielsen’s appointment as Arctic leader, the schedule coincides with new political transitions.
Following Jens-Frederik Nielsen’s success in the vote, 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 like Essential Metals Corp, Cogency Power, American Renewable Metals, and Refacture are among the group, led by Drew Horn, the CEO of GreenMet and a previous energy 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 not trying to do anything mad like arrange a purchase or consolidation 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 takes place soon after Denmark’s King Frederik travels, as a sign of Greenland’s continuing colonial dominance. While reaffirming Greenland’s marriage with Denmark, Nielson has called for stronger global relations.
Since Trump took office, Greenland’s interest has grown thanks to the island’s great debris of rare earth elements and other minerals, which are probably worth trillions of dollars. With little American involvement, the mining sector in Greenland, which is estimated to be worth trillions in mineral deposits, is already dominating by Australian, American, and British companies.
Horn added that the private sector’s expansion may foster greater collaboration in a Greenland that is self-sufficient and supported by US personal development. The delegation’s plan includes a visit to the Tanbreez mine site, one of the largest rare earth deposits in the world.
