Officials in the Trump administration have discussed acquiring a stake in Critical Metals Corp, according to four people familiar with the talks. Such an investment would give Washington a direct foothold in Greenland’s biggest rare earths venture — a project based in the Arctic territory that President Donald Trump once proposed to buy.

If finalized, the deal would mark the latest political twist for the Tanbreez rare earths deposit, which former President Joe Biden successfully lobbied to have sold to New York-based Critical Metals for far less than a Chinese firm was offering.

Washington has recently taken stakes in Lithium Americas and MP Materials underscoring Trump’s desire for the U.S. to benefit from growing production of minerals used across the global economy.

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