Greenland Mining Project Gets U.S. Government Attention
Critical Metals applied for $50M DPA grant in June and bought Tanbreez with $5M cash and $211M stock.
Tanbreez project needs $290M; $50M conversion gives ~8% stake; EXIM considers $120M loan.
Government shutdown won’t halt negotiations, but delayed by 8% stake discussion in Lithium Americas.
Biden officials visited Nuuk in November to attract private investment, but Greenland’s mining is slow and Tanbreez is remote/cold.
1 month ago