Tech investors are sounding out how the U.S. taking Greenland would affect the viability of critical and rare earth minerals mining there, CNBC has learned, as Washington ramps up its pursuit of the Arctic island.
Greenland has found itself at the center of a geopolitical firestorm over the past week as the U.S. has threatened to annex the self-governing Danish territory, citing national security concerns. Commercial opportunities have also come into the spotlight.
In the past week, Critical Metals Corp , a company with a mining project in development on the Arctic island, has fielded questions from tech investors about how the U.S. acquiring Greenland would impact that asset and its development strategy, CEO Tony Sage told CNBC. The NASDAQ-listed company's stock is up 116% since the start of 2026.
The project is in the early stages of building a plant to extract heavy rare earth elements (HREE), which can be used to provide heat resistance and magnetic stability in advanced technology ranging from EVs to AI data center infrastructure.
Sage said U.S. President Donald Trump's rhetoric about Greenland had generated additional "buzz" for the project from investors. Without naming specific shareholders, he said Critical Metals Corp backers included those who invest in Magnificent Seven U.S. tech companies.
Last week, the CEO of Amaroq , a mining company with projects in Greenland, told CNBC it was having discussions with U.S. government bodies about potential investment opportunities in the territory.
The White House has said it's "actively" discussing a potential offer to buy Greenland, though it hasn't ruled out military action to acquire the territory, ahead of planned talks this week between U.S. Secretary of State Marco Rubio and Danish officials.