The MV Happy Dragon had just sailed into safe harbour at Charleston, South Carolina when Hurricane Dorian forced the vessel back out to sea to await better weather.
The cargo ship was carrying more than 14,000 tonnes of anorthosite from Vancouver-based Hudson Resources’ (TSXV: HUD; US-OTC: HUDRF) White Mountain mine in Greenland for customers in the paints, coatings and fibreglass markets. Hudson has an agreement with Terra Firma, a privately-held chemical distributor, to market its anorthosite in the U.S. and a 10-year off-take agreement with an unnamed fibreglass producer.
Could White Mountain and other mineral deposits — especially those containing rare earth elements (REEs) used in most electronic devices and in the aerospace and defense industries— be what U.S. President Donald Trump had in mind when he offered last month to buy Greenland, an offer Denmark called “absurd”? That’s at least part of the story.
Earlier this year, the U.S. Department of State sent some its officials to mineral projects in the region, including White Mountain, and signed a memorandum of understanding with the Greenland Ministry of Mineral Resources and Labour to conduct an aerial hyperspectral survey designed to boost mineral exploration investment there.
Then in early September, national security advisor John Bolton followed up Trump’s purchase offer by tweeting a photo of himself and the U.S. ambassador to Denmark, Carla Sands, saying the two discussed “Arctic and energy security, trade, and boosting U.S. economic ties with Greenland, including investments in mineral exploration projects and airport upgrades.”
For the rest of this article: https://www.northernminer.com/news/revving-up-greenlands-mineral-production-will-take-time/1003809883/