StocksMedium•24 September 2026•
1 min read
Greenland Mines Seeks to Expand Rare Earth District to 175 Square Miles
Key Facts
1Greenland Mines applied to expand its Sarfartoq rare earth district from 74 square miles to approximately 175 square miles.
2The expansion follows President Donald Trump's security agreement with Greenland and Denmark aimed at reducing dependence on China.
Greenland Mines applied to expand its Sarfartoq rare earth district in southwest Greenland from 74 square miles to approximately 175 square miles. The Epoch Times reported that the expansion aims to supply critical magnet metals for electric vehicles and defense systems, with the company estimating the mine's material value at approximately $2.05 billion.
The expansion follows a security agreement signed by President Donald Trump with Greenland and Denmark to reduce Western dependence on Chinese rare earth supplies, according to ZeroHedge. Shares of GRML closed at $11.19 on September 23, 2026, having traded between a day low of $10.29 and a high of $17.99 on the same date.