Greenland stocks soar 159%+ on Trump-Denmark deal — SkimNews
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- Greenland Energy soared 159%, Greenland Mines jumped more than 200%, and Critical Metals Corp rose nearly 37% on Monday after details of the U.S.-Denmark Greenland security deal surfaced
- Trump announced the agreement via Truth Social on Friday, saying the U.S. would "FOREVER have the complete ability to do what is necessary in Greenland" to secure national security at no cost to Washington
- The deal, expected to be signed during this week's UN General Assembly, commits the U.S., Denmark, and Greenland to develop a military presence on the territory while blocking Washington adversaries from building their own bases
- Greenland Energy, a Texas-based oil and gas firm with links to Trump, recently delayed drilling plans on the island's east coast after Greenland's government issued a "strong warning" to its joint venture partner for bringing equipment ashore without permission
- Greenland Prime Minister Jens-Frederik Nielsen called the deal "joyous," saying it strengthens security for Greenland, the Kingdom of Denmark, the U.S., and the Western Alliance while respecting self-determination and sovereignty
Why it matters: Investors piled into small-cap Greenland-exposed names — some with triple-digit gains — on a deal whose specific terms remain undisclosed, and the leading surge in Greenland Energy is notable because the firm has documented ties to Trump himself, raising conflict-of-interest questions as the president's policy stance directly benefits his associates' holdings.
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