- Greenland-linked U.S.-listed shares surged in premarket trading, with Greenland Energy jumping as much as 150%, Greenland Mines up more than 80% and Critical Metals Corp. nearly 25%.
- The rally followed a U.S.-Denmark-Greenland security pact aimed at expanding the military presence on the Arctic territory and preventing U.S. adversaries from establishing bases there.
In this article
Follow your favorite stocksCREATE FREE ACCOUNTMen hoist a Greenlandic flag near polling stations, in Nuuk, Greenland, on March 24, 2026 during the parliamentary election in Denmark.Florent Vergnes | Afp | Getty ImagesShares of U.S.-listed companies exposed to Greenland surged on Monday after the U.S. and Denmark reached a deal regarding security arrangements on the Arctic territory.
Shares of Greenland Energy soared as much as 150% during premarket trading, with Greenland Mines seen up over 80% and Critical Metals Corp nearly 25% higher.
The agreement, which is expected to be signed during the United Nations General Assembly this week, sees the U.S., Denmark and Greenland enter into a pact to develop a significant military presence on the territory, while blocking Washington's adversaries from building their own bases there.
It comes after several months of Trump's threats to annex the self-governing Danish territory, with the president insisting Greenland is critical to U.S. national security.
This is a developing story. Please refresh for updates.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.