• AlexLost@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      ·
      4 hours ago

      Yup, mostly rare earth metals, but in protected areas that require lots of permitting and small operations. That’s why the US wants in, with it’s industry standards of no standards for industries. Think of all the money his friends stand to make here guys, cmon.

    • Knock_Knock_Lemmy_In@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      6 hours ago

      Yes. Invasion is not necessary to extract them. Money is.

      In June, the US Export-Import Bank offered a $120 million loan to advance the development of the $290 million Tanbreez rare earth project in Southern Greenland. That same month, Denmark’s Export and Investment Fund (EIFO) increased its shareholding in Canada’s Amaroq Minerals, owner of a portfolio of critical minerals properties in Southern Greenland

      In January, GreenRoc Strategic Materials, a developer focused on graphite in Greenland, announced that EIFO had expressed an interest in providing funding for its Amitsoq graphite project in Southern Greenland. The Amitsoq project was subsequently designated as an EU strategic project, granting access to funding and support from EU Member States and financial institutions.

      Hammeken-Holm welcomed these developments, adding that foreign investment is critical for overcoming Greenland’s significant environmental and logistical challenges. SOURCE

      • SreudianFlip@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        3 hours ago

        Not just money, but jurisdiction. They have a huge range of options for building military bases with few permissions required, but a lot of that “cheddar” they would want to extract is under development restrictions.

        TL;DR - a legitimate democracy is in the way of oligarch profits once again