Shares of Greenland-linked companies rise after US-Denmark deal — CNBC
In the United States, shares of companies linked to Greenland surged in premarket trading after the United States and Denmark reached an agreement on security measures in the Arctic territory. CNBC reports.
Share performance
Shares of Greenland Energy rose by 150% in premarket trading. Greenland Mines shares gained more than 80%, while Critical Metals Corp. shares rose by nearly 25%.
The rise in quotations followed reports of an agreement between the United States and Denmark on Greenland. Greenland is a self-governing territory of Denmark.
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Security agreement
The agreement, which is expected to be signed this week during the UN General Assembly, provides for a pact between the United States, Denmark, and Greenland. It is intended to ensure a significant military presence in the territory and prevent Washington's adversaries from establishing bases there.
CNBC notes that the agreement was preceded by several months of threats by President Donald Trump to annex the territory. Trump insisted that Greenland is critically important to US national security.
