Arctic Pact Triggers Overnight Rally in Greenland-Targeted Stocks
Trump unveiled a no-expiry Greenland pact granting the U.S. permanent access, basing, and overflight rights, with officials saying a large US military presence would be established at no cost. In response, Greenland-focused miners CRML, GLND, and GRML surged in overnight trading (CRML ~+34%, GLND ~+150%, GRML ~+72%). Denmark and Greenland stressed sovereignty remains intact, but the deal could affect Arctic security dynamics and rare-earth supply chains connected to CRML’s Tanbreez project and related ventures.