President Donald Trump may have failed at making Greenland the 51st state, but he appears to have achieved the next best thing. The Trump administration has spent its second term trying to reduce the United States' dependence on China for rare earth elements — the specialized metals used in everything from electronics and electric motors to weapons systems — and over the weekend it announced a historic security agreement between the United States, Greenland, and Denmark.
Greenland is rich in rare earths, but the idea of buying an autonomous territory of Denmark struck many observers as a strange way to secure a mineral supply chain. However, the security agreement has thrust one tiny mining stock back into the spotlight: Critical Metals (CRML). CRML stock is soaring more than 35% today on news of the agreement.
