US stocks linked to Greenland jump as U.S., Denmark, Greenland agree to expand military presence
US-listed shares linked to Greenland jumped premarket after the United States, Denmark and Greenland announced an agreement for the U.S. to expand its military footprint in the self-governed Danish territory. Rare earth miner Critical Metals was up 30% to $8.75, critical minerals developer Greenland Mines rose 68.4% to $4.80, and oil explorer Greenland Energy more than doubled to $2.78. Key details of the deal, to be signed on Tuesday, remain undisclosed.
US-listed shares tied to Greenland rose in premarket trading after the United States, Denmark and Greenland said on Friday they had reached an agreement for the US to expand its military footprint in the self-governed Danish territory. 75; the company owns a majority stake in the Tanbreez project in Greenland. 78. The key details of the deal, which is due to be signed on Tuesday, have not been made public, including whether it amends the 1951 defence agreement that is the legal basis for the US presence in Greenland.
2%.