Why Is Trump Obsessed With Taking Over Greenland?

Watch on YouTube ↗  |  January 10, 2026 at 05:00  |  8:02  |  Bloomberg Markets
Speakers
Eldur Olafsson — CEO, Amaroq Minerals

Summary

Eldur Olafsson, founder and CEO of Amaroq Ltd., discusses Greenland's mineral investment potential and the impact of US interest under President Trump. He highlights Amaroq's producing gold mine, germanium and gallium development, and its position as the only developed mine operator in Greenland. Olafsson says logistics remain the key bottleneck but sees US and Nordic engagement as positive for investment and Greenland's economic independence. He also explains US interest through defense, minerals, and shipping routes.

  • Amaroq operates Greenland's first producing gold mine and holds extensive exploration licenses.
  • US interest in Greenland has increased investor attention and helped Amaroq raise over $300 million.
  • Amaroq is developing germanium and gallium projects tied to US critical-minerals needs.
  • Greenland has high mineral content but logistics and infrastructure are key bottlenecks.
  • Olafsson says US and Nordic support could help Greenland achieve economic independence.
  • He sees US interest as driven by defense, minerals, and shipping routes.
  • Denmark is stepping up defense and minerals investment in the region.
  • Olafsson discusses Iceland as a historical example of independence and economic strength.
Ideas
Eldur Olafsson CEO, Amaroq Minerals 1:06
Greenland mining opportunity, logistics gating factor.
Greenland needs investment and has a high mineral content per square metre, good jurisdiction, and one of the world's best resource bases. US and Nordic interest, along with the need to update defense and investment agreements, can help unlock that base and support Greenland's economic independence, although solving logistics and infrastructure is the key gating factor.
Greenland mining sector HIGH
Eldur Olafsson CEO, Amaroq Minerals 1:34
Amaroq leverages first-mover Greenland mining position.
Amaroq is the only operator to have developed a producing mine in Greenland, holds a large exploration portfolio, has raised over $300 million, and is bringing its first gold mine into production while developing germanium and gallium projects. Its good government cooperation and first-mover position make it the in-country player able to leverage growing US and Nordic interest, and it presents as an acquisition target.
AMRQ.L HIGH
Eldur Olafsson CEO, Amaroq Minerals 1:43
Germanium, gallium critical minerals strategic setup.
Amaroq is developing germanium and gallium mining in Greenland, and these minerals are strategically important to the US, with the US special envoy setting up a germanium and gallium processing plant in Louisiana. The Nordic-US-Greenland cooperation on these critical minerals is a developing positive setup.
GALLIUM Germanium MED
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815 Money Talk (815머니톡) · Jan 10

This Bloomberg Markets video, published January 10, 2026, features Eldur Olafsson discussing Greenland mining sector, AMRQ.L, GALLIUM, Germanium. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Eldur Olafsson  · Tickers: Greenland mining sector, AMRQ.L, GALLIUM, Germanium