Quotations for three American micro-cap companies that are implementing projects in Greenland surged in the first minutes of pre-market trading on September 21 by 30–150%. This happened after U.S. President Donald Trump announced that he reached an agreement with Denmark on “permanent control over security” in Greenland. Previously, he said he wanted to annex the territory to the States.

Details

Shares of three companies with projects in Greenland surged in morning trading on September 21 after U.S. President Donald Trump announced on Friday on his Truth Social account that he had reached an agreement with Denmark.

Under these understandings, the United States will take part in ensuring the security of Greenland, “prevent the creation there of military bases by adversaries,” or carry out major investments without U.S. approval, and, in addition, will increase its military presence there, Trump said.

The full terms of the agreement have not yet been published; it is expected to be signed during the United Nations General Assembly, which opens on September 22 in New York.

Investors, Seeking Alpha notes, likely expect that expanding the U.S. presence could bring greater political support, investments in infrastructure, and opportunities for financing the resource sector of Greenland. The article emphasizes that no real agreements involving specific companies or projects have been announced.

Shares of which companies rose

— Shares of the energy company Greenland Energy, which explores oil and gas in the Jameson Land basin in Greenland, jumped nearly 164%, to nearly $3.2. Greenland stopped issuing new exploration licenses back in 2021 due to environmental concerns, but kept in force the licenses granted earlier, Seeking Alpha notes. And Greenland Energy has those. The company’s project is still at an early stage; first it needs to discover commercially viable oil reserves, and then obtain permission to drill, so the surge in the stock price is explained more by speculative interest than by real news about the company’s activities, Seeking Alpha writes. Only one Wall Street analyst follows this small-cap; they recommend buying the company’s shares, and a $6 target implies 400% upside from the price of the last close.

— Shares of gold miner Greenland Mines jumped 86%, to $5.3. The company owns the Skaergaard project in Greenland, which contains gold, palladium, and platinum reserves. Recently, it acquired a rare earth deposit used in the production of permanent magnets for electric vehicles, wind turbines, and military equipment. Greenland Mines shares also have just one rating—buy—from a Wall Street analyst.

— Shares of Critical Metals, the owner of another Greenland project—mining rare earth elements at Tanbreez—rose 30% to $8.75. The company describes this project as one of the largest known heavy rare earth element deposits in the world. The company has a 15-year supply agreement for rare earth concentrate with the U.S. company REalloys. The U.S. Export-Import Bank is considering extending Critical Metals a 15-year $120 million loan to develop Tanbreez— to counter China’s dominance in the industry. Investors may view the planned U.S.-Denmark agreement as a factor that reduces geopolitical uncertainty around Tanbreez and improves prospects for obtaining support from the U.S. government, Seeking Alpha writes. Two Wall Street analysts recommend buying Critical Metals shares, and one recommends holding them. The average price target is $15.33, which is 2.3 times higher than the price of the last close.

Context

Trump first became interested in gaining control of Greenland for national security purposes in 2018 and returned to the idea in January 2026.

At the time, the U.S. president and his team were considering “a whole range of options” to annex Greenland, including “the use of U.S. armed forces,” said Caroline Levitt, then the White House press secretary, to CNBC.

Later, Trump himself said the U.S. “doesn’t need and doesn’t want” to use military force to obtain control of Denmark’s Greenland, but urged the resumption of talks about the U.S. “buying” Greenland.

A new agreement recognizes Denmark’s “sovereignty and territorial integrity.” Under it, Greenland will remain part of Denmark, Danish Prime Minister Mette Frederiksen said, commenting on the latest arrangements. ㅤ

#WorldPoliticsNews , #RawMaterialsMarkets , #GlobalEconomicNews

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