Greenland mining company Amaroq revealed: The U.S. government is negotiating for investment, targeting gold, copper, and rare metal supplies
Amaroq revealed that the United States is in talks to invest in its gold, copper, and rare metals projects to secure key resource supply chains. Potential cooperation includes purchase agreements and financing support. Despite external doubts about the costs of polar mining, Amaroq stated that deep-water fjords make logistics feasible, and the diplomatic game between the United States and Denmark may escalate further
According to CCTV News, on January 8 local time, U.S. President Trump stated that the United States must "own" the entire Greenland, which has once again made Greenland a focal point of geopolitical economics.
According to media reports on the 9th, Amaroq, a mining company engaged in mineral development in southern Greenland, revealed that the U.S. government is considering investing in its key mineral projects, aiming to ensure the security of supply chains for gold, copper, and rare metals, and reduce dependence on external supplies.
Amaroq's CEO Eldur Ólafsson stated that the company is negotiating with U.S. government agencies regarding potential investment opportunities. Although specific details have not been finalized, Ólafsson mentioned that potential deal structures could include purchase agreements, infrastructure support, and credit lines.
Stimulated by Trump's previous remarks about acquiring Greenland, the stock prices of rare earth companies with projects on the island have recently surged. Although there are doubts about the economic feasibility of polar mining, Amaroq stated that with the geographical advantages of deep-water fjords and appropriate logistics planning, mineral development in Greenland is realistically feasible.
Locking in Key Mineral Supply Chains
As the core subject of this negotiation, Amaroq has a broad business layout in southern Greenland, involving the exploration and mining of key minerals such as gold, copper, germanium, and gallium. Ólafsson did not disclose the specific list of projects that the U.S. government is interested in, but rare metals like germanium and gallium have irreplaceable strategic value in the semiconductor, defense, and high-tech industries.
The White House views Greenland's mineral reserves as a key link to addressing supply chain vulnerabilities. Former National Security Advisor Mike Waltz stated to the media back in January 2025 that U.S. interest in Greenland essentially concerns "critical minerals." As climate change leads to melting ice, exposed rocks in some areas of Greenland make the extraction of these strategic resources more feasible.
European countries are urgently responding to this situation. U.S. Secretary of State Rubio plans to meet with Danish officials next week to discuss the future of Greenland, a Danish autonomous territory. Meanwhile, Trump has appointed Louisiana Governor Jeff Landry as the special envoy to Greenland to demonstrate his commitment to the region.
Overcoming Polar Mining Challenges
Despite market disagreements regarding the economic benefits of mining in extreme cold environments, some experts warn that harsh natural conditions and lack of infrastructure may lead to high costs, but Amaroq remains optimistic. Ólafsson countered the infeasibility argument by comparing Greenland's projects to major key mineral mines in Russia and Alaska, pointing out that the latter were also built under similar conditions.
Ólafsson specifically mentioned that while long-distance land transportation is often one of the biggest challenges for mining projects, Greenland's unique geographical advantage lies in many mineral deposits being close to "deep-water fjords," which allows for easier maritime transportation of minerals, thereby reducing logistical difficulties. The terrain changes brought about by climate change have also further improved the accessibility of certain strategic minerals
