US EditionUS Ex-Im Bank May Fund Greenland Rare Earths Mine, Reuters Says
- On June 12, 2025, the U.S. Export-Import Bank expressed interest in providing a $120 million loan to finance Critical Metals’ rare earth mining project at Tanbreez in Greenland.
- This follows the 2019 U.S. cooperation memorandum on Greenland’s resources, with the EU signing a similar agreement four years later amid growing global demand for critical minerals.
- Greenland’s mining sector remains limited with only two active mines and faces challenges due to harsh weather, protected environments, infrastructure needs, and scarce investor interest.
- Analyst Ditte Brasso Sorensen emphasized that increasing mineral demand compels the search for new, unexplored sources, underscoring concerns about reliance on China for rare earth elements.
- The loan could advance Greenland’s mining development and reduce reliance on Chinese supply while the territory shifts away from oil exploration toward hydropower amid ongoing infrastructure improvements.
25 Articles
25 Articles
St Catharines Standard
Giyani Receives Letter of Interest from EXIM for US$225 million
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) ("Giyani" or the "Company"), developer of the K.Hill Battery-Grade Manganese Project in Botswana ("K.Hill" or “the Project”), is pleased to announce that it received a non-binding letter of…
US Export-Import Bank considering $120M loan for Greenland rare earths project
Critical Metals Corp. has received a letter of interest from the U.S. Export-Import Bank for a loan worth up to $120 million to fund the company's Tanbreez rare earths mine in Greenland, in what would be the Trump administration's first overseas investment in a mining project.
Colorado Springs Gazette
Exclusive-US Export-Import Bank considers $120 million loan for Greenland rare earths project
By Ernest Scheyder
EXIM considers $120 million loan for Greenland rare earths project
Critical Metals Corp has received a letter of interest from the U.S. Export-Import Bank for a loan worth up to $120 million to fund the company's Tanbreez rare earths mine in Greenland, in what would be the Trump administration's first…
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