00:00It's Benzinga bringing Wall Street to Main Street
00:02Greenland-linked stocks surged Monday after President Trump announced a U.S. security
00:06agreement with Denmark and Greenland that expands Washington's role on the Arctic
00:10Island, according to Benzinga.
00:12Greenland mines jumped 249.47 percent from Friday's close, while Greenland Energy rose
00:18138.33 percent on trading volume more than 100 times its average.
00:23Critical metals gained 34.70 percent, and real-oys climbed 11.44 percent.
00:28The agreement reportedly gives the U.S. authority over sensitive foreign investments but does
00:33not specifically address mining or mineral development.
00:36Critical metals is developing the Tanbreeze Rare Earth project, while real-oys holds an
00:40off-take agreement for 15 percent of its output.
00:43The pact is expected to be signed this week during the United Nations General Assembly.
00:47The agreement would allow a larger U.S. military presence in Greenland, while preventing U.S.
00:52adversaries from establishing bases there.
00:54According to Reuters, officials in Denmark and Greenland said the arrangement does not
00:58compromise Greenland's sovereignty.
01:00For all things money, visit Benzinga.com.
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