According to the Zhitong Financial APP, U.S. President Donald Trump posted on Truth Social on Wednesday local time
The post stated that Greenland is about to launch "large-scale" oil, gas, and mineral exploration, and that experts believe the island's oil reserves, which are "easy to extract," far exceed those of almost any other place on Earth. After the post was published, related Greenland stocks experienced unusual movement in pre-market trading in the U.S.: Greenland
Energy (GLND.US) rose 93% in pre-market trading, Greenland Mines (GRML.US) surged 40%, Critical
Metals (CRML.US) rose approximately 4%.
However, to date, no company has received approval, a purchase agreement, or funding as a result of this post—this statement is the starting point for understanding this market movement.
What did the post say, and what didn't it say?
According to reports, Trump's exact words were: "Massive Oil, Gas, and Mineral Exploration is getting ready to
begin in our new and beautiful
Greenland!” (Large-scale oil, gas, and mineral exploration is about to begin in our new and beautiful Greenland). He cited experts stating that the island’s easily accessible oil reserves “far exceed those of almost any place on Earth.” Beyond its resources, he emphasized Greenland’s strategic defense value: any attack against the United States “must pass through Greenland,” where U.S. defense forces will routinely intercept drones, missiles, and “any weapon not yet conceived,” and he noted that the island offers “time, location, and visibility unmatched by any other place on Earth.”
However, the media included a key qualifier in their reporting: it is unclear which specific exploration or development projects the president was referring to, as Greenland is an autonomous territory of Denmark, not part of the United States. Trump himself did not disclose details, scale, or timelines of the projects.
The stock performance ledger for related concepts: the same names are rising.
The direct beneficiaries of this market movement are three small-cap U.S. stocks with direct business ties to Greenland:
GLND (Greenland Energy): Pre-market up 93%, poised to end a nine-day losing streak—after previously falling nearly 57% during the prior sell-off. It surged sharply following the September agreement.
140%, but since then, it has closed lower on most trading days, resulting in a cumulative gain of 84% as of Tuesday's close; it has still plunged 78% year-to-date in 2026.
GRML (Greenland Mines): Pre-market surge of 40%. After the September agreement announcement, it rose as much as 230%; the gain has since narrowed to 94% as of Tuesday’s close; down for the year
65%.
CRML (Critical Metals): Pre-market up approximately 4%, marking its third gain this month. Since the September agreement announcement, the stock has declined nearly 3% and is down 19% year-to-date.
The联动 did not stop at the three in Greenland. According to reports, on the day the U.S.-Denmark-Greenland security agreement was announced in September, the rare earths and critical minerals sector as a whole strengthened: CRML, MP
Materials (MP.US), Energy Fuels (UUUU.US), NioCorp Developments (NB.US), Idaho
Strategic Resources and others surged significantly, while the VanEck Rare Earth and Strategic Metals ETF (REMX) rose only 2%—individual stocks showed much greater elasticity than the ETF. Entering October
In October, the sector corrected along with the broader market: According to market data, on October 13, MP Materials closed at $42.43, down 2.14%, and USA Rare Earth closed at
$11.28, down 4.57%, occurring in tandem with the broader market sell-off of stored shares today.
Why can a single Greenland post move the entire rare earth chain?
What is actually traded is not oil, but rare earth permanent magnet materials. Neodymium and praseodymium (commonly referred to as
NdPr is a core raw material for high-strength magnets used in electric vehicle motors, wind turbine generators, drones, guided munitions, and industrial robots, and industry estimates suggest that China controls 90% of the global supply.
The above rare earth refining capacity for magnetic materials corresponds to a similar proportion of finished magnet output. Under this structure, any geographic indication of increased supply outside China would quickly translate into buying pressure on rare earth stocks.
Greenland sits precisely at a critical variable in this logic. The island is reported to possess vast reserves of rare earth minerals, which are used in everything from computers and smartphones to batteries, solar, and wind energy technologies; the Trump administration is seeking to reduce dependence on foreign supplies of critical minerals. Policy efforts are also intensifying: this week, the Trump administration finalized a(n)
A $1.55 billion funding package to build a domestic supply chain, including equity investments, debt support, and long-term procurement commitments, with USA Rare Earth at the center; MP Materials
In this regard, the U.S. Department of Defense invested $400 million in July 2025, becoming the largest shareholder, and signed an agreement to purchase its products at more than twice the market price.
The underlying businesses of the three Greenland-focused targets also offer room for imagination: Greenland Mines is developing the Sarfartoq rare earths project and recently raised over $42 million to
Exploration and development prior to 2027, with approximately 262 square kilometers of new permits applied for; Critical Metals advances the Tanbreez project in southern Greenland, which contains 19
Key elements, approved by the government earlier this month for its mining plan prior to 2050; Greenland Energy is exploring eastern Greenland in collaboration with 80 Mile.
The oil and gas rights in the Jameson Land Basin have been extended to December 2028 for two exploration wells, as of September this year.
Three hard constraints: the gap between market conditions and fundamentals
When comparing price action with fundamentals, three clear gaps become apparent.
First, permits have not been relaxed. Greenland has suspended the issuance of new oil and gas exploration permits since 2021.
The Muummanni Agreement expanded the U.S. military presence on the island; according to reports, it did not grant the United States any special exploration rights, but rather imposed restrictions on investments by non-NATO countries in strategic sectors—it changed “who can invest in Greenland’s minerals,” not “whether minerals can be mined.”
Second, the protocol text has not been released and comes with no commercial rights. According to industry publication Mining Stocks
The review indicates that the full agreement has not been released, and no company has been granted any licenses, off-take agreements, or funding to date; the publication also notes that the agreement does not alter geological conditions, logistical conditions, or the capital scale required for development.
Third, physical and climatic constraints have never disappeared. Historical experience shows that harsh climate conditions, lack of critical infrastructure, and complex geological conditions have deterred companies from exploring and extracting resources in Greenland for decades; previous efforts to mine rare earth elements and oil and gas never progressed beyond the exploration stage.
Oil and gas side: A price line lifted by the "largest supply disruption in history"
Trump's post was issued at this time due to the current situation with energy prices. The Strait of Hormuz has been since March this year
After the monthly conflict erupted, operations nearly came to a halt; the International Energy Agency (IEA) estimates that global oil supplies have decreased by a record 1.28 million barrels per day since the conflict began.
million barrels, calling it the largest supply disruption in the history of the global oil market. Brent crude rose from around $61 in early January to a peak of $118.35 on March 31, then fell back to approximately $ in July.
$72, rebounding to around $105 around October 9; ANZ Senior Commodities Strategist Daniel Hynes noted that the IEA
Accelerating the release of strategic reserves can temporarily increase supply flows, but it will not create new capacity.
Rising energy prices are placing real pressure on American workers ahead of the midterm elections, and Trump’s statement on Wednesday likely aims to address voter concerns—this explains why a post lacking details was interpreted as bullish in the markets.
Sentiment and Institutional Perspective
Despite a significant pre-market rally, retail sentiment on the platform over the past 24 hours regarding CRML, GRML, and GLND remained in the "bearish" range, though overall discussion leaned optimistic. One observer focusing on GLND
One user wrote: "Once Trump announces the dates for permit issuance and drilling commencement, everything else will be history"; another user expects CRML to rise to $20, an 185% increase from current levels.
upside potential. During the September protocol cycle, CRML's retail sentiment rose from "neutral" to "bullish," and discussion volume increased from "high" to "very high."
Putting the two market cycles together, the logic is quite consistent: what drives stock prices is the strength of policy narratives, not the project's progress bar. Daniel Hynes
The statement that strategic inventory "does not create new capacity" also applies to Greenland—posts, agreements, and funding packages change expectations and access to investment, but it is exploration permits, environmental assessments, infrastructure, and capital expenditures that turn expectations into production, and none of these steps have yet moved forward. GLND
A 78% decline year-to-date and a 65% drop in GRML may reflect this gap in price.