Greenland’s Critical Minerals Attract Attention in Global AI Competition

Greenland has over 140 active mineral licenses but only two operational mines, including one owned by Amaroq Ltd. CEO Eldur Olafsson emphasizes that successful mining requires not just capital but also infrastructure and workforce, similar to successful operations in other Arctic regions. Despite challenges like fluctuating mineral prices, the U.S. Department of Defense is partnering with MP Materials to strengthen the rare earth supply chain, reducing reliance on Chinese sources.