Greenland Now Targeted by Billionaires for Rare Earth Mineral Mining Development

[Elderberry]

Legal Insurrection by  Leslie Eastman Friday, August 12, 2022

Trump was right.

The last time we visited Greenland in this blog, President Donald Trump was being mocked for inquiring if Denmark would consider selling Greenland to the US. As Trump noted, the region is rich in resources essential for the modern economy.

Turns out Trump was right…to be interested in Greenland’s potential.

Now billionaires are following in Trump’s footsteps.

A band of billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, among others, is betting that below the surface of the hills and valleys on Greenland’s Disko Island and Nuussuaq Peninsula there are enough critical minerals to power hundreds of millions of electric vehicles.

…The billionaire club is financially backing Kobold Metals, a mineral exploration company and California-based startup, the company’s representatives told CNN. Bezos, Bloomberg and Gates did not respond to CNN’s requests for comment on this story. Kobold is partnered with Bluejay Mining to find the rare and precious metals in Greenland that are necessary to build electric vehicles and massive batteries to store renewable energy.

More: https://legalinsurrection.com/2022/08/greenland-now-targeted-by-billionaires-for-rare-earth-mineral-mining-development/

[Right_in_Virginia]

Trump understands how the world works ..... long before the world's self-proclaimed "masters" begin to understand the possbilities.

Here’s why Trump wants to buy Greenland
CNBC, Aug 21, 2019

President Donald Trump has floated the idea of buying Greenland multiple times. Danish Prime Minister Mette Frederiksen has called the notion “absurd.” It has triggered a diplomatic row of sorts.

Greenland, which is home to nearly 58,000 people, is the largest island in the world, and 80% of its 811,000 square miles are ice-capped. The island’s residents are Danish, but they have governed by self-rule since 1979.

Greenland’s largest economic drivers are fishing and tourism, but the island has drawn rising interest due to its vast natural resources, including coal, zinc, copper, iron ore and rare minerals. There have been expeditions to assess the extent of the nation’s resources, but the true quantity is unknown.

Greenland is also in an advantageous location for the U.S. armed forces. The U.S. and Greenland have had an agreement since World War II to house American military assets on the island.

Thule Air Base, America’s northernmost Air Force base, has operated since 1943 in Greenland and has a ballistic missile early warning system and satellite tracking system.

https://www.cnbc.com/2019/08/21/heres-why-trump-wants-to-buy-greenland.html