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Trump takes Greenland .... kinda.

Posted on 5/7/26 at 10:31 pm
Posted by scrooster
Resident Ethicist
Member since Jul 2012
43617 posts
Posted on 5/7/26 at 10:31 pm

quote:

The US just secured control of one of the largest heavy rare earth deposits on earth outside China.

It's in Greenland.

American mining company Critical Metals Corp has received formal approval from the Greenland government to acquire 70% of the Tanbreez deposit in southern Greenland.

Estimated resource: 4.7 billion tonnes of rare earth bearing material.

27% of those rare earths are heavy rare earth elements (dysprosium, terbium, yttrium ) the ones used in EV motors, wind turbines, and advanced military systems.

For context:
Mountain Pass, California (the main US deposit): 0.49% heavy rare earths

Bayan Obo, China's largest deposit: 1.13%

??Tanbreez: 27%

It also has exceptionally low uranium and thorium content 10–20 ppm uranium, under 100 ppm thorium.

That matters because radioactive contamination has killed other Greenland projects.

Tanbreez already holds a mining licence valid until 2050 one of only 2 sites out of 140+ active licences on the island to have received it.

The supply chain logic is straightforward:
Extract in Greenland ? process in the US ? supply defence and advanced technology sectors

Production is expected to begin 2027–2028, starting at 85,000 tonnes of rare earth oxides per year, scalable to 425,000 tonnes.

Project value estimated at $3 billion.

China controls 85% of global rare earth processing capacity.

The US currently imports 80% of its rare earths from China.
Posted by Big Scrub TX
Member since Dec 2013
39833 posts
Posted on 5/7/26 at 10:36 pm to
From the comments:

quote:

Critical Metals Corp deposit is a Eudialyte deposit. There is no known economic/financially successful example of a Eudialyte deposit being commercial. You are promoting an uneconomic deposit/sub-optimial company mining the stock exchange.Shame on u, do yr research on rare earths
Posted by dstone12
Texan
Member since Jan 2007
40315 posts
Posted on 5/7/26 at 10:40 pm to
Chat Jipity


quote:

Yes. Eudialyte can be industrially valuable, mainly because it contains several critical elements: * Rare earth elements (REEs), especially the “magnet metals” like neodymium and praseodymium * Zirconium * Hafnium * Sometimes yttrium and niobium That makes it interesting for: * EV motors * Wind turbine magnets * Defense systems * Advanced ceramics * Nuclear and aerospace alloys
Posted by BigAL Golesh
Member since Apr 2026
109 posts
Posted on 5/7/26 at 10:43 pm to
quote:

Big Scrub TX
You make being wrong an artform
Posted by Laugh More
Member since Jan 2022
3923 posts
Posted on 5/7/26 at 10:56 pm to
I don’t know shite about this subject and can/will admit it.

Did you just take a random comment that you agreed with and post it here as fact without any verification? Bold.
Posted by BozemanTiger
Member since Jul 2020
4727 posts
Posted on 5/7/26 at 11:03 pm to
quote:

You make being wrong an artform



Posted by Cosmo
glassman's guest house
Member since Oct 2003
131465 posts
Posted on 5/7/26 at 11:06 pm to
quote:

Did you just take a random comment that you agreed with and post it here as fact without any verification? Bold.


To be fair thats 90% of the threads on this board
Posted by Barstools
Atlanta
Member since Jan 2016
11809 posts
Posted on 5/7/26 at 11:22 pm to
Worse. He presented it with no comment so he can later say he was just pointing out a retarded comment.

Spineless count.
This post was edited on 5/7/26 at 11:23 pm
Posted by Laugh More
Member since Jan 2022
3923 posts
Posted on 5/7/26 at 11:26 pm to
quote:

To be fair thats 90% of the threads on this board

Agreed and should be called out regardless.

Dunning-Kruger effect exacerbated by social media. It’s taken being wrong and proud of it to a whole new level

Posted by Laugh More
Member since Jan 2022
3923 posts
Posted on 5/7/26 at 11:28 pm to
It’s also cringely lazy.
quote:

cringely

I said what I said.
Posted by Big Scrub TX
Member since Dec 2013
39833 posts
Posted on 5/7/26 at 11:33 pm to
quote:

I don’t know shite about this subject and can/will admit it.
Nor I.

quote:

Did you just take a random comment that you agreed with and post it here as fact without any verification? Bold.
Agreed with? No. Fact? No.

Per Gemini, FWIW:
quote:


As of mid-2026, **eudialyte** is on the cusp of becoming commercially viable, moving from a "theoretical" resource to a project-ready mineral. While the world currently relies on **Bastnäsite** and **Monazite**, eudialyte is the primary candidate for the next wave of **Heavy Rare Earth Element (HREE)** production outside of China.

The "Commercial Viability" of eudialyte is currently defined by three factors:

### 1. The Breakthrough: "Dry Digestion"
Historically, eudialyte was a "non-starter" because adding acid to it created a **silica gel** (a thick, unfilterable goo) that trapped the rare earths inside.
* **The Solution:** Recent metallurgical advancements in **Dry Digestion** (treating the ore with concentrated acid at specific temperatures without excess water) have solved this.
* **Commercial Impact:** This process prevents gel formation and achieves extraction rates of over **85%**. By early 2026, pilot plants (including those in Germany and Montana) have successfully scaled this from lab beakers to 100-liter reactors.

### 2. The HREE Premium
Eudialyte is not a "bulk" rare earth source like Monazite; it is a **Heavy** rare earth source.
* **Economic Moat:** It contains high concentrations of **Dysprosium (Dy)** and **Terbium (Tb)**, which are essential for high-performance magnets in EVs and wind turbines.
* **Geopolitics:** Since China currently controls over 90% of HREE supply, western governments are providing significant financing (such as the **$120M EXIM Bank LOI** for the Tanbreez project) to make eudialyte projects viable even if they have higher operational costs than traditional mines.



### 3. Major Projects to Watch (2026 Status)
Two projects are currently proving the commercial case for eudialyte:

| Project | Location | 2026 Status | Target Production |
| :--- | :--- | :--- | :--- |
| **Tanbreez** | Greenland | Government-approved 92.5% ownership by Critical Metals Corp. | First ore: 2028/2029 |
| **Norra Kärr** | Sweden | Termed a "pivotal year"; advancing through revised environmental permitting. | Early 2030s |

---

### Comparison of Commercial Viability

* **The Pros:** * **Low Radioactivity:** Unlike Monazite, eudialyte generally has very low Thorium levels, meaning lower disposal costs and easier permitting.
* **Solubility:** Once you bypass the silica gel issue, the mineral dissolves very easily in acid compared to refractory minerals like Zircon.
* **The Cons:**
* **Infrastructure:** Most eudialyte deposits (like Tanbreez) are in remote, Arctic locations, requiring massive upfront capital for ports and airports.
* **Byproduct Management:** Eudialyte contains a lot of Zirconium and Niobium. For the mine to be truly profitable, the operator must find a way to sell these byproducts as well.

### The Verdict for 2026
Eudialyte is **commercially viable for "strategic" supply chains.** If you were purely looking at the lowest cost-per-ton, it still struggles against established Chinese ionic clay mines. However, in the 2026 landscape of "Critical Mineral Sovereignty," it is considered a **premier asset** for western independence.


Posted by Big Scrub TX
Member since Dec 2013
39833 posts
Posted on 5/7/26 at 11:35 pm to
It is true that there has YET to be any commercially viable eudialyte project. I don't know if the claim of this essentially being a pump and dump has any merit. Mining stocks are notoriously subject to such behavior, though.
Posted by LegendInMyMind
Member since Apr 2019
75038 posts
Posted on 5/7/26 at 11:39 pm to
The big play here is keeping China out of/away from the Tanbreez Project. The only involved parties now are Critical Metals Corp. and European Lithium, which Critical Metals is in the process of buying to gain 100% control of Tanbreez.

The poster above isn't wrong, this is still far from a slam dunk with a lot of hurdles, particularly in processing. Critcal Metals Corp. estimates that initial exploratory mining will cost ~$250 million. They have a current $120 million loan from the US government that is earmarked for initial development of Tanbreez.

The good news is that this closes the door on Chinese involvement in the project, and that it has a bit less of a radioactive element concern that has plagued an Australian mining company at another mining operation in Greenland. The uranium and thorium will always be a risk when dealing with the Greenlanders. It wasn't a problem when the Aussies began their work, but the govt. changed environmental standards and the two parties are now in court/mediation over it, or were as of a few months ago, anyway.
This post was edited on 5/7/26 at 11:42 pm
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