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- Greenland-linked U.S.-listed shares surged in premarket trading, with Greenland Energy jumping as much as 150%, Greenland Mines up more than 80% and Critical Metals Corp. nearly 25%.
- The rally followed a U.S.-Denmark-Greenland security pact aimed at expanding the military presence on the Arctic territory and preventing U.S. adversaries from establishing bases there.
Men hoist a Greenlandic flag near polling stations, in Nuuk, Greenland, on March 24, 2026 during the parliamentary election in Denmark.Florent Vergnes | Afp | Getty Images
Shares of U.S.-listed companies exposed to Greenland surged on Monday after the U.S. and Denmark reached a deal regarding security arrangements on the Arctic territory.
Shares of Greenland Energy soared as much as 150% during premarket trading, with Greenland Mines seen up over 80% and Critical Metals Corp nearly 25% higher.
The agreement, which is expected to be signed during the United Nations General Assembly this week, sees the U.S., Denmark and Greenland enter into a pact to develop a significant military presence on the territory, while blocking Washington’s adversaries from building their own bases there.
It comes after several months of Trump’s threats to annex the self-governing Danish territory, with the president insisting Greenland is critical to U.S. national security.
This is a developing story. Please refresh for updates.
