Carey Metal Company (Nasdaq: CRML) Chief Executive Officer Tony Sage said he was leading the company through political uncertainty in Greenland, where it operates the Tanbreez rare earth mine.
Sage told Fortune in an interview on Tuesday that he is seeking to maintain close ties with the Trump administration, the European Union and the Greenlandic local government while trying to remain neutral.
He said he did not want the company to become a “political football.”
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Despite these disruptions, Sage remains fully focused on company operations, putting politics aside for now. He believes the mine’s high concentration of rare earths, including heavy rare earths, could reduce China’s control of the market from “about 97% to 50%” within three years.
The CEO said the project could be delayed if the current political unrest escalates.
Sage said the ideal outcome would be an independent Greenland with a strong U.S. military presence, which could be decided through an independence referendum. The CEO calls it “the best of both worlds.”
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Critical Metals currently owns 92.5% of Tanbreez, with pre-construction and pilot work underway, with full construction expected to begin in 2027 and complete in 2028.
The company’s Tanbreez project has drawn attention as the United States redoubles its efforts to secure supply chains of rare earths critical to defense, transportation and technology. Earlier this month, Critical Metals reported strong analytical results for the project’s 2025 drilling campaign. The company also announced the establishment of a high-tech mobile laboratory in Greenland to speed up assay turnaround times.
Meanwhile, political tensions in Greenland are tense, with the United States and the European Union vying for influence in the region. The United States has been taking action to strengthen its position in Greenland. president Donald TrumpOn Wednesday, the framework for an agreement with Denmark was announced, which reportedly includes an update to the 1951 Defense of Greenland Agreement but recognizes Danish sovereignty over Greenland.
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