The President of the European Commission Ursula von der Leyen has announced €200 million ($322.62 million) in funding under the Global Gateway Partnership Package, to be invested into Greenland by the end of 2027.
This new funding comes as the European Union (EU), Greenland, and Denmark have signaled a strengthened partnership under a new Joint Declaration signed by von der Leyen, the Premier of Greenland Jens-Frederik Nielsen, and Prime Minister of Denmark Mette Frederiksen.
It also stands alongside renewed threats of a takeover of Greenland from US President Donald Trump, who has been making claims on the territory since he took office for his second term in 2025.
The investment package and Joint Declaration both focus on deepening cooperation between the EU and Greenland across a range of industries, including critical raw materials, power and infrastructure, and education and fisheries.
The Joint Declaration itself is focused on Greenland’s growing strategic importance, especially in the critical raw materials space. Meanwhile, the investment package will look to advance sustainable mining projects, providing stronger links with Europe’s industries, including investor matchmaking.
The cooperation will focus on strengthening the EU’s critical minerals supply chains, with an initial focus on Greenland Resources’ (TSE:MOLY) Malmbjerg Molybdenum Project and GreenRoc Strategic Materials’ (LSE:GROC) Amitsoq Graphite Project.
The investment and Joint Declaration underscores Greenland’s rising importance in Europe’s critical minerals strategy, especially as the US continues to signal plans for a takeover.
As the EU deepens ties with Greenland and Denmark, the focus is firmly on securing sustainable critical minerals to fuel Europe’s own supply chains.
Write to Amy Rotman at Mining.com.au
Main image: Mads Claus Rasmussen/Ritzau Scanpix /AFP
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