FOR IMMEDIATE RELEASE
Washington, D.C. — GreenMet thanks Joe Deaux and the Bloomberg News team for their excellent coverage of our recent visit to the Tanbreez rare earth site in southern Greenland, published today in Bloomberg.
The article captures a critical moment in the development of one of the world’s most important deposits of heavy rare earth elements. It also highlights GreenMet’s central role in helping advance the project toward commercial production through strategic coordination with both public and private sector stakeholders.
GreenMet is proud to be working alongside Critical Metals Corp., the owner of Tanbreez, to support the project’s technical planning, secure global investment interest, and help navigate the U.S. federal landscape to unlock financing and long-term offtake solutions. Our team was instrumental in facilitating the recent non-binding Letter of Interest from the U.S. Export-Import Bank (EXIM) for up to $120 million, representing a major milestone toward meeting the project’s estimated $290 million in development capital needs.
This trip to Greenland was not just a site visit. It marked a meaningful step forward in aligning U.S. commercial and strategic priorities with a world-class mineral resource that has the potential to transform the global rare earth supply chain. The GreenMet team, joined by Bloomberg, conducted a comprehensive assessment of the project and surrounding infrastructure, including the nearby fjord which could serve as a future shipping and logistics hub for exports.
“It could all blow up,” said GreenMet CEO Drew Horn during the visit. “But I have to keep pushing to make it work.”
GreenMet is proud to be one of the few U.S. companies capable of building trusted bridges between government agencies, private investors, and international resource partners. Our mission is focused on securing long-term access to critical minerals for the United States and its allies, while supporting responsible, efficient, and scalable project development.
The Tanbreez project is particularly significant given its heavy rare earth concentrations, a category of materials vital to national defense systems, electric vehicle technologies, advanced electronics, and the broader energy transition. With global supply chains still heavily reliant on Chinese production, GreenMet sees Tanbreez as a foundational asset for reshoring and diversifying rare earth supply in a geopolitically stable and allied-aligned jurisdiction.
While our efforts are firmly rooted in American economic and national security priorities, we also recognize the importance of doing business in a way that reflects the values and interests of our partners. GreenMet is committed to working with Greenlandic leadership and local communities to ensure the long-term success of this project delivers lasting benefits to the people of Greenland, while respecting their governance, environment, and economic goals.
We appreciate Bloomberg’s thoughtful and in-depth reporting, and look forward to continuing our work at Tanbreez with the same energy, urgency, and commitment that defined this recent visit.
Contact:
Sabrina Katz
Email: skatz@greenmet.com
Phone: (202) 525-1744
About GreenMet:
GreenMet acts as a vital American conduit between private capital, government, and critical mineral innovation. The firm is uniquely positioned to represent and advance private sector interests that strengthen U.S. supply chains for critical minerals, ensuring reliability and continuity from mine to manufacturing. GreenMet’s insights and guidance help clients navigate the evolving landscape of critical mineral development. Learn more at greenmet.com.
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