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Trump says mineral rights will be part of Greenland deal

The deal aims to secure access to Greenland's rare-earth minerals and advance U.S. missile defense while countering China's control, officials said.

  • On Wednesday, President Donald Trump said he reached a framework with NATO over Greenland’s future after meeting NATO Secretary General Mark Rutte at the World Economic Forum in Davos.
  • U.S. officials say the move aims to reduce dependence on China by tapping Greenland's minerals and blocking Chinese and Russian Arctic ambitions while building a Western rare-earth supply chain.
  • In an interview at Davos, Trump told CNBC the package includes his 'Golden Dome' missile-defense concept and mineral rights, with Kelly stating 'if this deal goes through, and President Trump is very hopeful it will, the United States will be achieving all of its strategic goals with respect to Greenland, at very little cost, forever'.
  • Critical Metals saw immediate market movement after the announcement, with its stock rallying about 21% Thursday and a $120 million loan letter from the Export-Import Bank of the United States for the Tanbreez project.
  • Practical barriers include Greenland's 80% ice cover and infrastructure gaps, making mineral extraction in the remote Arctic environment extremely difficult and costly.
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CNN broke the news in Atlanta, United States on Thursday, January 22, 2026.
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