Greenland's Minister of Mineral Resources, Mute Egede, has called on European countries to invest quickly in the island's rich mineral resources, warning that delays could allow other nations, especially the United States, to take control. Greenland holds 25 of the 34 raw materials considered critical by the European Union, including rare earths, graphite, nickel, copper, and molybdenum—materials essential for modern technology, renewable energy, and defense systems. The United States is increasing its involvement in Greenland through several projects. At Jameson Land in eastern Greenland, an American company called Greenland Energy has begun preparing for drilling this autumn, having sent equipment and supplies to the site. However, the Greenland government has pointed out that the company does not yet have the proper license to proceed with its plans. One of the most advanced American projects is Tanbreez in southern Greenland, which contains a major deposit of rare earth minerals. The American company Critical Metals Corp. controls over 90% of the site. The U.S. Export-Import Bank is considering a $120 million loan to develop the project, and Critical Metals has signed a 15-year agreement with American REalloys, which will purchase 15% of the future output. The aim is to secure rare earths for American industries and defense needs. Despite the potential for significant mineral wealth, developing Greenland's resources is a complex and expensive process. Finding and confirming the viability of resources, acquiring the necessary licenses, securing funding, and building infrastructure all present challenges. Cold temperatures and logistical difficulties can further raise costs for investors. However, some areas, particularly in the south, are more accessible due to less ice cover and a climate similar to that of Scandinavia. Gold mining has already begun in this region since the end of 2024, and in the far north, the Canadian company Amaroq has started drilling as part of the Minturn project, located near a major American military base. Europe is also seeking to establish a foothold in Greenland's mineral resources. At Malmbjerg in eastern Greenland, a large molybdenum project received its exploitation license in 2025. This project is expected to supply up to 25% of Europe’s molybdenum needs and potentially cover all of the European defense industry’s demand for the material. This highlights the strategic importance of Greenland’s mineral resources for both European and American interests.