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Dalaroo Metals (ASX:DAL) jumped +35% out the gate in Friday morning trades after it revealed results of its maiden rare earths sampling program on-site at Blue Lagoon in the politically critical nation of Greenland.
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On the hunt for Rare Earth Elements (REEs), as well as zirconium and another mineral called hafnium oxide – used in microchips and nuclear science – the Australian market is clearly interested in Dalaroo’s forward objectives.
That’s because, between the lines, Donald Trump has been making very loud pushes for the U.S. to ‘acquire’ Greenland (or take it by force); a proposal that has come to the globe’s foremost attention after the USA’s Venezuela incursion.
Trump and other mouthpieces of the current administration have voiced a desire for the U.S. to capture Greenland to secure not only a strategic position in the Arctic but also because Greenland – a country where a thick layer of permafrost continues to melt – is thought to possess vast critical mineral riches.
These critmins, including REEs, are of the same calibre that underpinned last year’s Albanese-Trump talks. Here, the narrative hasn’t changed: China controls 90% of the REE market, the West wants its own REEs ex-China, so on.
And for Dalaroo, obviously, the implication here is Greenland’s the place to be. Especially if Trump is about to sweep in and take the country over, one way or another. Surely the calculus here goes: Are we looking at another MP Materials?
“Strategic significance − Greenland continues to attract growing strategic interest from Western governments seeking secure, transparent, and conflict‑free critical mineral supply chains,” DAL wrote on Friday.
The Aussie metals company added: “Its geopolitical position and resource endowment highlight Greenland’s increasing importance as a stable source of critical minerals for Western markets.”
Well, that’s one way of saying it.
DAL last traded at 7.3cps.
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