{"id":351156,"date":"2026-09-19T15:46:15","date_gmt":"2026-09-19T15:46:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/351156\/"},"modified":"2026-09-19T15:46:15","modified_gmt":"2026-09-19T15:46:15","slug":"trumps-new-greenland-pact-follows-new-magnet-mining-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/351156\/","title":{"rendered":"Trump&#8217;s new Greenland pact follows new magnet mining deal"},"content":{"rendered":"<p>President Trump\u2019s new Greenland security deal comes just 17 days after a US-based\u00a0company quietly closed a deal to purchase a Greenland mining company that would produce more than a third of the world\u2019s rare earth magnet supply outside of China.<\/p>\n<p>On Sept. 1, Greenland Mines, a NASDAQ listed US-aligned firm headquartered in North Carolina, closed a deal for the Sarfartoq Rare Earths Project in southwest Greenland. <\/p>\n<p>The company announced that it planned to produce NdPr oxide \u2013 a compound of neodymium and praseodymium used in the manufacturing of magnets for EVs and wind turbines, as well as defense capabilities.<\/p>\n<p>President Trump announced a new security deal Friday between the US, Greenland, and Denmark. The announcement comes just 17 days after a new rare earth mineral deal involving a US-based company. AFP via Getty Images<\/p>\n<p>It said it planned to produce about one-third of the amount refined globally outside of China, as the US and other world powers position for access to vital rare earth minerals. <\/p>\n<p>The company says the project has an estimated value of $2.05 billion. <\/p>\n<p>The preliminary acquisition of the Sarfartoq Rare Earths Project was first announced in May when it was valued at $35 million, and points to new potential economic ties between the US and Greenland.<\/p>\n<p>President Trump, in his Friday night statement, <a href=\"https:\/\/nypost.com\/2026\/09\/18\/us-news\/trump-announces-greenland-deal-with-denmark-giving-us-permanent-control-over-security\/\" rel=\"nofollow noopener\" target=\"_blank\">announced that the US, Denmark, and Greenland have entered into an agreement<\/a> \u201cthat gives the United States permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns.\u201d<\/p>\n<p>\u201cFrom now on, no U.S. adversary can EVER have a base in Greenland, have a military presence in Greenland, or make sensitive investments in Greenland, without our express written approval,\u201d Trump posted on Truth Social.<\/p>\n<p>The three governments are expected to sign the agreement next week at the United Nations General Assembly in New York.<\/p>\n<p>Denmark\u2019s Foreign Minister Lars Lokke Rasmussen posted about the deal Saturday on Facebook, writing: \u201cNext week could be a good week\u2026 For both Greenland, Denmark and the USA.\u201d Lev Radin\/Zuma \/ SplashNews.com<\/p>\n<p>Greenland Mines president Bo M\u00f8ller Stensgaard praised the Trump deal: \u201cToday\u2019s announcement underscores what we have long believed: Greenland is becoming one of the most strategically important regions in the world. We applaud the US and the governments of Greenland and Denmark for advancing a framework that strengthens security, deepens cooperation among longstanding allies and recognizes Greenland\u2019s importance to the future of the United States and the Western alliance. We believe that same strategic importance extends to the critical minerals required for defense, advanced technology and energy security.\u201d<\/p>\n<p>Greenland\u2019s government said Saturday the deal would not relinquish its sovereignty. Greenland is a semi-autonomous territory within the Kingdom of Denmark.<\/p>\n<p>Denmark\u2019s Foreign Minister Lars Lokke Rasmussen posted about the deal Saturday on Facebook, writing: \u201cNext week could be a good week\u2026 For both Greenland, Denmark and the USA.\u201d<\/p>\n<p>Trump said the deal \u201cgives the United States permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns.\u201d NEIL HALL\/EPA\/Shutterstock<\/p>\n<p>\u201cAs long as uncertainty is hopefully replaced by a binding agreement that strengthens security in the Arctic and the North Atlantic and thus also our common security in NATO and Europe \u2013 with respect for the Kingdom\u2019s red lines. It is important at a time when the security policy situation in the Arctic has also changed.\u201d<\/p>\n<p>Greenland\u2019s Foreign Minister M\u00fate B. Egede told Denmark\u2019s TV2 that he was \u201cpleased that we finally have an end product within reach. And it\u2019s about time.\u201d<\/p>\n<p>Neither side mentioned any text in the agreement related to economic considerations, and none of the parties released text of the agreement. <\/p>\n<p>Nor have they released text language relating to security arrangements in Greenland.<\/p>\n<p>Reuters reported in advance of Trump\u2019s announcement that parties were close to an agreement allowing components of Trump\u2019s Golden Dome missile defense system to be housed in Greenlandic territory.<\/p>\n","protected":false},"excerpt":{"rendered":"President Trump\u2019s new Greenland security deal comes just 17 days after a US-based\u00a0company quietly closed a deal to&hellip;\n","protected":false},"author":2,"featured_media":351157,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[22625,43322,43085,27678,9,11,10,87,1069,58],"class_list":["post-351156","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-denmark","tag-greenland","tag-mining","tag-nato","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-politics","tag-trump","tag-us-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/351156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=351156"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/351156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/351157"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=351156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=351156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=351156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}