US lobbied Greenland rare earths developer Tanbreez not to sell to China
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
U.S. and Danish Lobbying: U.S. and Danish officials pressured Tanbreez Mining not to sell its rare earths project in Greenland to Chinese-linked firms, highlighting the geopolitical competition for critical minerals amid concerns over China's dominance in the sector.
Funding and Supply Talks: Tanbreez has engaged in discussions with U.S. defense contractors like Lockheed Martin and Boeing regarding supply deals, while also exploring funding options from the U.S. Department of Defense to develop a processing facility in the U.S.
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About CRML
Critical Metals Corp. is a mining development company. The Company is focused on mining critical metals and minerals and producing strategic products essential to electrification and technologies for Europe and its partners. Its flagship Project, Tanbreez, consists of rare earth deposits and is located in Southern Greenland. The Wolfsberg Lithium Project is located 270 km southwest of Vienna, in Austria’s Carinthia region. The Wolfsberg Lithium Project is a fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure. With its strategic asset portfolio, the Company supplies critical minerals essential for defense applications, the clean energy transition, and technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
