US private sector delegation heads to Greenland

A US private sector delegation, led by a former Trump administration official, is set to visit Greenland this week to explore investment opportunities in the Arctic island’s vast natural resources.

DAILY POST reports that US interest in Greenland, a self-governing territory of Denmark, has surged since Donald Trump took office in January, causing political tension with Copenhagen.

The visit marks the first by a private sector delegation to the Arctic island since the election of Jens-Frederik Nielsen of the pro-business Demokratiit Party as its premier.

The delegation is said to include representatives from mining firms Critical Metals Corp, Cogency Power, American Renewable Metals and Refacture.

Drew Horn, CEO of GreenMet and former chief of staff for the Office of International Affairs at the Department of Energy during the first Trump administration, will lead the group.

“I’m not trying to do anything crazy like orchestrate a purchase or acquisition of Greenland by the United States.

“We’re looking simply to do traditional private sector business development,” Horn said, adding that he is representing a consortium that includes established institutional investors, including Cerberus Capital Management and Cantor Fitzgerald.

The trip will occur just days after a visit by Denmark’s King Frederik, a symbolic gesture underlining unity between Greenland and its former colonial ruler.

During a visit to Copenhagen last week, Premier Nielsen reaffirmed ties with Denmark and called for greater respect from the US.

DAILY POST reports that Greenland, with substantial mineral deposits potentially worth trillions of dollars, has a mining sector dominated by Australian, Canadian, and British firms, with limited US investment.

Horn said he believes that capitalisation and legitimate private sector growth will facilitate greater collaboration in an independent Greenland backed by US private development.