AGP Executive Report

Rare Earths Policy: Greenland has rejected Greenland Minerals’ bid to extend the Kvanefjeld/Kvanefjeld exploration licence, saying further work won’t likely lead to deposits exploitable under Greenland’s Uranium Act—after a fast, tightly managed review process. Rare Earths Drilling: Amaroq has started discovery drilling at the Ilua pegmatite rare earth prospect in South Greenland, targeting high-grade REEs including magnet metals like neodymium and dysprosium, with uranium and thorium reported below regulatory thresholds. Critical Minerals Funding: Canada has signed off on a C$7m non-repayable grant for Greenland Resources’ Malmbjerg molybdenum project, backing metallurgical work aimed at processing and potential by-product recovery. Payments & Trade Tech: MobilePay tap-and-pay is now available via 21 banks across Denmark, Greenland and the Faroe Islands, expanding local card-based mobile payments. Polar Tourism: Quark Expeditions launched Arctic 2028 and Antarctic 2028/29 seasons, adding a guided photography program and new expedition extensions, including a Greenlandic culinary return with Igapall. Business Climate: Greenland’s wildfire risk is rising in the west, with residents and research pointing to a new Arctic reality of more frequent, unusual fires.

Greenland mining funding: Canada has signed a deal for a C$7m ($4.93m) non-repayable grant to support Greenland Resources’ Malmbjerg molybdenum project, aiming to test processing and by-product recovery, with the company saying Canada is the first G7 government to invest in mining in Greenland. Rare earth drilling: Amaroq has started drilling at the Ilua rare-earths pegmatite in South Greenland, targeting three scout drill areas after 2025 surface sampling returned grades up to 2.3% TREO. Licensing clash: Greenland has rejected Energy Transition Minerals’ licence renewal for the Kuannersuit/Kvanefjeld rare-earths project, citing uranium-law constraints and saying further exploration is unlikely to lead to exploitable deposits. More Kvanefjeld uncertainty: ETM says Greenland’s ministry compressed the response timeline and is now reviewing options with legal advisers. Payments for locals: MobilePay has expanded tap-to-pay to customers at 21 banks in Denmark, Greenland and the Faroe Islands, letting users activate cards for Nordic mobile payments. Arctic business backdrop: A new report highlights how wildfires are returning to western Greenland, with residents linking recent fires to drier conditions—an issue that can affect tourism, land use and operating risk.

Canadian Funding Boost: Greenland Resources says Canada has signed off on a C$7m (US$4.93m) non-repayable grant for its Malmbjerg molybdenum project, backing metallurgical work on processing and potential by-products through March 2028. Uranium Rules Clash: Greenland has rejected Energy Transition Minerals’ licence renewal for the Kuannersuit/Kvanefjeld rare-earths project, citing the Uranium Act and saying further exploration is unlikely to lead to mineable deposits; ETM says the process was rushed and didn’t properly consider new low-uranium results. South Greenland Drilling Starts: Amaroq began drilling at the Ilua rare-earth prospect, targeting pegmatite-hosted REEs with 2025 sampling reported up to 2.3% TREO (about 27% heavy REEs), as it moves from surface work to first subsurface tests. Arctic Minerals Uncertainty: ETM is now weighing legal and other options after the Kvanefjeld decision, with licensing uncertainty adding friction to Greenland’s critical-minerals pipeline.

US–Europe Trade Clash: US Treasury chief Scott Bessent hit European purchases of Russian oil and gas, while Trump escalated pressure tied to Greenland and threatened sweeping tariffs over digital services taxes. Arctic Security & Greenland: Multiple reports say Trump’s Greenland push is driving NATO friction and raising stakes for Arctic defence as Russia ramps up activity in the High North. Ocean & Marine Economy: A UN World Ocean Assessment warns of a deepening ocean crisis from pollution, overfishing and climate change, even as governance improves. Greenland Business Angle—Critical Minerals: Greenland’s mining sector stays in focus with new exploration and investment activity tied to rare earths and lithium corridors. Local Governance (Greenland-adjacent): Greenland idea critics warn of hidden costs, while broader policy debates show how infrastructure and regulation decisions shape outcomes. Environment & Industry: A UN-backed Arctic fisheries treaty is cited as a rare bright spot, keeping commercial fishing paused while science advances.

Space & Maritime Safety: Scotland’s SaxaVord spaceport on Shetland is seeking permission to dump tonnes of disused rocket debris into the sea north of the islands, with critics warning of risks to tourism and fishing because parts won’t be recovered. Ocean Governance: A new UN World Ocean Assessment says the global ocean faces a deepening crisis from pollution, overfishing and climate change, while noting governance is improving but still fragmented. Arctic Security & Greenland Politics: NATO allies are stepping up Arctic posture as Russia ramps up activity, with “Arctic Sentry” drills highlighting the push for long-term investment—while U.S. talk of Greenland control continues to roil alliance ties. Trade & Digital Taxes: Trump threatens 100% tariffs on countries imposing digital services taxes, potentially escalating pressure on EU members and undermining a recently finalized EU-U.S. trade deal. Greenland Mining & Markets: Amaroq reports updated total voting rights after share options, underscoring ongoing capital-market activity around Greenland’s minerals.

Greenland minerals & mining finance: Amaroq Ltd. (AIM/NASDAQ Iceland) updated its total voting rights after option exercises, leaving it with 466.2m common shares as it continues gold and strategic-metal development in South Greenland. Arctic security & NATO posture: Reuters reports NATO’s “Arctic Sentry” push is stepping up drills and long-term investment (ice-breakers, submarines, drones, satellites) to strengthen the alliance’s northern flank—after Mark Rutte lobbied Trump to drop a push to acquire Greenland. UK leadership and economic expectations: Multiple reports say Labour’s Andy Burnham is set to replace Keir Starmer, but may be constrained by the 2024 platform as he prepares an economic vision speech aimed at reviving growth and easing cost of living. Trade tensions with digital taxes: Trump threatened 100% tariffs on countries imposing digital services taxes, escalating uncertainty for EU-US trade and tech-related cross-border costs. Marine biobanks: A feature explains how biobanks are becoming an “insurance policy” for marine life under climate pressure—raising questions about who controls frozen ecosystems and future medicines.

Arctic Security: NATO leaders are increasingly worried they can’t rely on US help if Russia attacks, with renewed focus on strengthening the alliance’s northern flank as Washington’s posture stays unpredictable. EU Trade: The EU has given final approval to a US tariff deal, paving the way for a 15% tariff on most EU exports while removing tariffs on US industrial goods entering the EU. Greenland & Geopolitics: A fresh debate is reigniting around Greenland’s strategic role, as Arctic diplomacy and NATO planning collide with US interest in the island. Greenland Business: Greenland Mines is expanding its critical-minerals push, including new drilling and investment moves tied to rare earth and lithium prospects. Arctic Economy & Resources: The week also highlights the growing race for Arctic-linked minerals and shipping opportunities, alongside warnings that climate impacts could outweigh any gains.

Greenland Mining & Capital Markets: Amaroq Ltd. says its issued share capital now totals 466,244,132 voting common shares after option exercises, underscoring ongoing investor activity around Greenland’s minerals. Critical Minerals Exploration: Dalaroo Metals is mobilising for an expanded 2026 field program at its Blue Lagoon project in southern Greenland, targeting a follow-up to last year’s mineralised corridor results. More Greenland Lithium Work: Brunswick Exploration reports it has doubled the extent of a lithium corridor at its Nuuk Lithium Project, adding momentum to Greenland’s battery-materials pipeline. Corporate Moves in Greenland’s Supply Chain: Greenland Mines says it has added midstream resource exposure via a $5m investment in AnorTech, aiming to strengthen its broader minerals position. Arctic Security & Business Risk: NATO’s push to bolster Arctic defence—after Mark Rutte’s push to ease a Greenland acquisition threat—highlights how security priorities can reshape investment and logistics planning across the region. Trade Policy Watch: The EU has given final approval to tariff measures under the EU-U.S. trade deal, a reminder that Greenland-linked supply chains can still feel global tariff swings.

Greenland mining update: Dalaroo Metals is mobilising for an expanded 2026 exploration campaign at its Blue Lagoon Critical Minerals Project in southern Greenland, following a 2025 season that mapped a 2.7-kilometre mineralised corridor with peak results including 4.42% zirconium dioxide and rare-earth oxides. Nuuk lithium expansion: Brunswick Exploration has extended the spodumene-bearing corridor at its Nuuk lithium project, nearly doubling the system’s scale by confirming an additional pegmatite about three kilometres from the initial discovery zone. Arctic geopolitics and Greenland in focus: A Pew Research Centre survey shows global confidence in the US has fallen sharply, with respondents citing issues including tariffs and Greenland among the topics driving negative views. EU trade backdrop: The EU has given final approval to a tariff deal with the US, setting a 15% ceiling on most EU exports and zero tariffs for US industrial goods—an external economic signal that could still matter for Greenland-linked trade flows. NATO spending pressure: NATO chief Mark Rutte is in Washington seeking to calm transatlantic friction ahead of the July summit, as defence spending and burden-sharing disputes remain unresolved.

Greenland Business & Investment: Dalaroo Metals is mobilising for an expanded 2026 exploration push at its Blue Lagoon critical minerals project in southern Greenland, following 2025 results that flagged a 2.7-kilometre mineralised corridor with peak grades including 4.42% zirconium dioxide and rare-earth oxides. Lithium Growth in Greenland: Brunswick Exploration says it has extended the spodumene-bearing corridor at its Nuuk lithium project, nearly doubling the system’s scale after confirming an additional pegmatite about three kilometres from the initial discovery zone. EU Trade Watch: The EU has given final approval to a tariff deal with the US, setting a 15% ceiling on most EU exports and zero tariffs for US industrial goods, with safeguards to suspend preferences if commitments aren’t met. US–NATO Tensions: NATO chief Mark Rutte met Trump in Washington to calm strains ahead of the July summit, as the Pentagon reviews US forces in Europe and Trump presses allies on defence spending and “loyalty.” Global Perception of the US: A Pew survey finds confidence in the US has fallen sharply across key allies, with Greenland mentioned among issues where Trump’s handling draws negative ratings.

Critical Minerals Watch: Dalaroo Metals is mobilising for an expanded 2026 exploration push at its Blue Lagoon Critical Minerals Project in southern Greenland, following 2025 results that flagged a 2.7-km mineralised corridor with zirconium, hafnium and rare-earth oxides. Lithium Pipeline: Brunswick Exploration extended the spodumene-bearing corridor at its Nuuk Lithium project near Nuuk, confirming an additional pegmatite zone over 3 km that nearly doubles the mineralised system’s scale, with drilling next steps being evaluated. North Atlantic Supply Chain: Greenland Mines says it has acquired at least a 9.9% interest in AnorTech for C$5.2m, aiming to build a North Atlantic critical metals corridor via AnorTech’s low-emission alumina processing route. Geopolitics & Greenland: A Pew survey finds global confidence in the U.S. and in Trump is falling sharply, with Greenland listed among foreign-policy issues drawing low ratings—while NATO chief Mark Rutte heads to Washington to soothe Trump ahead of next month’s summit. Arctic Business Travel: PONANT opened Arctic 2028 sales with 35+ departures, including Greenland calls and North Pole-focused itineraries.

Greenland Resources: Brunswick Exploration says it has nearly doubled the mineralized footprint at its Nuuk Lithium project, extending a spodumene-bearing corridor through confirmation of an additional pegmatite zone about 3 km from the initial discovery, with next drilling steps being evaluated. Arctic Geopolitics: A Trump-appointed U.S. Arctic official has again floated the idea of U.S. control of Greenland—framing it as a way to secure Greenland seafood and “bring back” Red Lobster’s endless shrimp—while Denmark-linked reporting also raises questions about influence operations tied to the Greenland push. NATO & Security: NATO chief Mark Rutte is set to meet President Trump as the Pentagon reviews the U.S. military footprint in Europe and Trump renews threats over alliance burden-sharing, with Greenland-related tensions part of the wider backdrop. Global Business Climate: A Pew survey finds global confidence in Trump and the U.S. as a reliable partner has fallen sharply, adding uncertainty for international business sentiment. Energy & Travel Spillovers: Gas prices keep sliding ahead of Independence Day travel, while the Strait of Hormuz reopening hinges on a fragile U.S.-Iran deal—both factors that can quickly move costs for Greenland-linked shipping and tourism.

Greenland Resources & Mining: Dalaroo Metals is mobilising for an expanded 2026 exploration push at its Blue Lagoon Critical Minerals Project in south-west Greenland, following 2025 results that flagged a 2.7-kilometre mineralised corridor with peak grades including 4.42% zirconium dioxide and rare-earth oxides; the 2026 work spans onshore and nearshore sampling plus auger drilling and Ground Penetrating Radar, with local logistics and vessels provided by Xploration Services Greenland. Greenland Business & Drilling Contracts: Greenland Mines has signed a diamond drilling contract with Nordisk Fundering for its Skaergaard precious and critical metals project in south-east Greenland, targeting nearly 7,500 metres of helicopter-supported core drilling as part of the 2026 field campaign. Arctic Strategy & Trade Talk: A Trump-appointed U.S. Arctic official renewed controversy by arguing that a U.S. takeover of Greenland would secure seafood supply and “bring back” Red Lobster’s “endless shrimp,” reviving debate over Arctic sovereignty and commercial leverage. Global Climate & Energy Pressure: UN chief António Guterres warned at London Climate Action Week that fossil-fuel windfall profits and energy shocks are worsening a “tale of two crises,” urging governments to tax extra gains and accelerate a “fast, fair transition” while protecting vulnerable communities. NATO & Defence Spending: NATO Secretary-General Mark Rutte is set to meet President Trump as the Pentagon reviews its Europe footprint and alliance spending tensions rise ahead of the Turkey summit, with European allies pushing back on U.S. demands.

Greenland Mining & Rare Earths: Greenland Mines has signed a diamond drilling contract with Nordisk Fundering for the Skaergaard project, with nearly 7,500m of helicopter-supported core drilling planned for the 2026 field season. Critical Minerals Push: Dalaroo Metals is mobilising for an expanded 2026 exploration at its Blue Lagoon project in southern Greenland, moving from its 2025 discovery into district-scale testing with onshore and offshore work. Arctic Business & Travel: Quark Expeditions launched its Arctic 2028 and Antarctic 2028/2029 seasons, including a Greenlandic chef partnership and new expedition extensions. Geopolitics & Trade Pressure: A Pew survey says Australians hold some of the least favourable views of the US and Donald Trump, underlining how political risk can spill into business sentiment. US-Greenland Narrative: A Trump-appointed official again linked Greenland seafood to “all-you-can-eat shrimp” at Red Lobster, adding fresh noise to the already tense Greenland debate. Energy & Climate Risk: The UN warned of a “Tale of Two Crises” as climate impacts and fossil-fuel-driven energy shocks intensify, with Greenland ice loss flagged among key tipping points.

Critical Minerals Push: Dalaroo Metals is mobilising for a bigger 2026 field season at its Blue Lagoon project in southern Greenland, aiming to test whether last year’s 2.7-kilometre mineralised corridor (rare earths, zirconium and hafnium) extends offshore and grows into higher-grade accumulations; the onshore-and-offshore program will include auger drilling, GPR, mapping and sediment sampling, plus nearshore geochemical work and seabed grabs. Greenland Rare Earths Race: A separate Greenland rare-earth story highlights how the West is accelerating efforts to loosen China’s grip on magnets, with new activity tied to Greenland’s critical-minerals pipeline. Seafood-as-Strategy Claim: A Trump-appointed US Arctic official, Thomas Dans, has argued that taking control of Greenland’s seafood could “cut out the middleman” and revive “all-you-can-eat shrimp at Red Lobster,” adding fresh political heat to Greenland annexation talk. Local Business & Logistics: Greenland-linked operations also show up indirectly, with coverage of a New Jersey firm building specialised high-tech shipping containers used in remote scientific settings, including Greenland.

Greenland & Arctic geopolitics: A senior U.S. Arctic official defended Greenland annexation talk by pitching a “symbiotic” plan to keep Greenland seafood out of China and revive “all-you-can-eat shrimp” at Red Lobster, adding fresh noise to already tense NATO-era Arctic diplomacy. Defence procurement with Arctic links: Canada’s new Royal Canadian Navy commander says submarines are the “ultimate deterrent,” as Ottawa prepares to pick a preferred bidder for a modern sub fleet to replace aging Victoria-class boats by the mid-2030s. Shipping & compliance for the North Atlantic: New MARPOL rules will add the North-East Atlantic—including Greenland—to an Emission Control Area from 1 Sept 2027, tightening NOx/SOx/PM controls and creating a continuous regulatory zone across key seas. Industry & logistics innovation: Danish deep-tech Acodyne raised €2.5m pre-Seed to scale unmanned heavy-lift cargo aircraft for defence, offshore and remote operations, targeting logistics resilience. Business infrastructure: Sea Box in New Jersey is turning standard shipping containers into specialized mobile labs, command centers and other high-tech units used even in remote places like Greenland.