Greenland Mines Seeks to Double Sarfartoq Rare Earth District

Greenland Mines applied on September 21 to more than double the size of its Sarfartoq rare earth district in southwest Greenland, expanding the area from 74 to approximately 175 square miles. The expansion aims to supply neodymium and praseodymium for defense systems, wind turbines, and electric vehicles. If successful, the project could produce one-third of the world's neodymium-praseodymium oxide refined outside of China, targeting a market where China currently controls at least 75 percent of global supply.

The project, which has an estimated material value of $2.05 billion, follows a security agreement signed between President Donald Trump, Greenland, and Denmark. This framework establishes a screening process to block investments from U.S. adversaries in the region.

Other resource developments are progressing in Greenland. Greenland Energy has started shipping equipment for the Jameson oil and gas project, while Critical Metals Corp. continues the development of the Tanbreez Rare Earth Project.