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US and Denmark Urge Greenland's Tanbreez to Avoid Sale to China

share-iconPublished: Friday, January 10 share-iconUpdated: Friday, January 10 comment-icon10 months ago
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REUTERS
US and Denmark Urge Greenland's Tanbreez to Avoid Sale to China

Credited from: REUTERS

  • U.S. and Danish officials pressured Tanbreez Mining not to sell its rare earths project to Chinese-linked firms.
  • Tanbreez Mining's CEO indicated ongoing talks with Washington about funding options for rare earth development in Greenland.
  • Critical minerals, essential for high-tech industries, have seen rising competition from China and Western interests.
  • Tanbreez ultimately sold to Critical Metals for $5 million in cash and stocks, despite higher offers from Chinese companies.
  • Investment discussions continue, with Critical Metals aiming to create a processing facility in the U.S. for rare earths.

For full article, visit Reuters.

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Gloria Terra

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