Highlights

• Greenland's Tanbreez project represents a significant rare earth deposit with potential to provide critical minerals to the Western world.
• The project sits at the intersection of geopolitical strategy, particularly in the context of U.S.-China mineral competition.
• Despite geological promise, the mining project remains financially and operationally early-stage with substantial infrastructure challenges.

---

The Washington Post’s feature (opens in a new tab) on Sunday, July 27, on Greenland’s Tanbreez rare earth project expertly blends geopolitics, geology, and a touch of Arctic mystique. It rightly frames Greenland as a potential—but still distant—player in the rare earth element race, particularly amid intensifying U.S.–China competition. The article captures both the allure and the logistical nightmare of mining in a frozen, fjord-carved landmass that, while resource-rich, has yet to produce a single profitable modern mine.

Greenland's Tanbreez is a large, rare-earth deposit with significant potential to supply the Western world with critical minerals. Located in southern Greenland, it's considered one of the world's largest rare earth deposits, with a substantial percentage of heavy rare earths (HREEs). Critical Metals Corp. (opens in a new tab) (CRML, Nasdaq) is developing the project, aiming to provide a reliable, Western-aligned source of rare earths for industries like defense and high-tech.

What’s Grounded in Fact?

Greenland does host vast rare earth resources, including Tanbreez—a licensed project estimated to contain billions of dollars in critical metals like tantalum, niobium, zirconium, and light/heavy rare earths. It’s true the site has no commercial infrastructure, and developers must build nearly everything from scratch. The article also correctly notes that China dominates rare earth processing, and that Greenland has become a strategic focal point for the U.S.—especially with Trump’s revived interest in securing critical mineral supply lines via “trusted partners.”

The U.S. Export-Import Bank’s “letter of interest” for a $120M loan to Tanbreez is factual and signals Washington’s intent to back overseas mining under its new Supply Chain Resiliency Initiative.

Where Speculation Creeps In

The article treads into speculative territory with Trump’s alleged willingness to use military force or “get Greenland one way or another.” While provocative, no policy basis or official documentation supports this beyond past bluster. Similarly, suggestions that Tanbreez could run for 1,000 years are aspirational at best—Barnes’ confidence is charming, but no feasibility study confirms such a lifespan, and no capital has yet been secured to build even Phase 1.

Rare Earth Exchanges (REEx) has publicly pondered why President Trump did not quietly approach Denmark about a deal in Greenland for national security purposes—as opposed to making public declarations that the Danish territory should belong to America.  This would not be unprecedented. During World War 2 and the Cold War, the two collaborated as serious allies. Of course, during the Second World War, the U.S. had to work with ousted Danish ministers, given that the Nazi’s occupied Denmark. The reality has been that Denmark has been a steadfast ally to the USA through very difficult times in the modern era. Why President Trump did not embrace this old loyal Nordic partner, structuring some kind of carefully crafted national security deal together behind closed doors, we cannot be certain.

Political Theater vs. Project Fundamentals

The narrative heavily leans on personalities (Barnes, Sage, Trump), sometimes veering into theatrics (a geologist peeing on alkaline rock?). However, it doesn’t delve sufficiently into financial viability: Tanbreez’s $200M startup capex, lack of confirmed buyers, and absence of a processing plan are significant red flags for any investor. The “game-changer” label feels premature to say the least.

Investor Takeaway

Tanbreez is geologically impressive and geopolitically enticing—but financially and operationally embryonic. This is a classic “watch, don’t chase” scenario. Geopolitics may open doors, but only disciplined capital will turn rock into revenue.