Charlotte, N.C. – September 22, 2026 -- A newly announced security agreement among the United States, Denmark and Greenland would give Washington veto power over sensitive investment on an island holding some of the largest undeveloped rare earth deposits in the Western world, intensifying a supply race already projected to push the global rare earth market from $3.95 billion in 2024 to $6.28 billion by 2030, according to Grand View Research.
US, Denmark and Greenland Move Toward Signing Critical Minerals Security Pact
President Trump announced Friday that the three governments had reached an agreement barring "any U.S. adversary" from making sensitive investments in Greenland without Washington's written approval. Reporting by CNBC indicates the provisions would specifically prohibit non-allied nations from investing in Greenland's critical minerals and mining sectors. Denmark and Greenland said they expect to sign the agreement this week during the UN General Assembly, though it still requires ratification by both the Danish and Greenlandic parliaments.
Forecasts Diverge on Size but Converge on Magnet Demand
Mordor Intelligence sizes the market at 208.02 kilotons in 2026, rising to 273.30 kilotons by 2031, a 5.61% compound annual growth rate tied to electric-vehicle traction motors, offshore wind turbines and grid-scale infrastructure. IMARC Group projects value growth from $14.03 billion in 2025 to $41.15 billion by 2034, naming permanent magnets the leading application. Neodymium and praseodymium, traded together as NdPr, remain the common driver across all three forecasts, with refined supply concentrated in a single country.
Greenland Mines Applies to More Than Double Its Sarfartoq License Area
Greenland Mines Ltd. (NASDAQ: GRML) said Monday it has applied for a new license covering approximately 262 square kilometers east of its existing Sarfartoq permit, which would expand its footprint from roughly 192 to 454 square kilometers. The company's ST1 deposit carries an S-K 1300 resource of 6.9 million tons Indicated at 1.60% TREO and 5.3 million tons Inferred at 0.96% TREO, with a high-case pre-tax NPV of approximately $2.05 billion. Greenland Mines says planned annual NdPr oxide output would equal roughly 34% of NdPr oxide currently refined outside China.
REalloys Locks In Greenland Feedstock Through Tanbreez Offtake
REalloys Inc. (NASDAQ: ALOY) holds a definitive long-term offtake agreement signed in May with Critical Metals Corp. covering 15% of monthly Phase 1 production from the Tanbreez Project in southern Greenland. The company also has a non-binding MOU with Ramaco Resources, Inc. (NASDAQ: METC) for supply rights to up to 20% of future mixed rare earth carbonate output from Ramaco's Brook Mine in Wyoming. REalloys targets late-2026 or early-2027 production start for a Phase 1 operation designed to yield 525 tonnes per annum of NdPr metal, 25 tonnes of dysprosium and 12 tonnes of terbium, and named Dr. Muhammad Imran as Chief Operating Officer effective September 1.
Greenland-Linked Stocks Rally Ahead of Formal Signing
U.S.-listed companies with Greenland exposure rallied sharply Monday, with the largest percentage gains concentrated in the smallest names. The full legal text of the agreement has not been released, and no permit, offtake or funding has been granted to any company as a result.
Greenland Energy's Jameson Land Permit Timeline Slips to Winter 2027
Greenland Energy Company (NASDAQ: GLND), which began Nasdaq trading March 26, 2026, said in August that its joint venture partner 80 Mile plc was advised by the Government of Greenland that project complexity requires a more extensive permitting review,