Greenland, an independently governed territory of Denmark – which oversees its foreign and security policies – has been under heated threat of annexation at the hands of US president Donald Trump, who has stated that US ownership of the territory is essential to national security, “whether they like it or not.”
His bluster, putting a military conflict between NATO members on the table, would be unprecedented, prompting political leaders across Europe to weigh in on potential solutions to preserve peace, including lobbying, sanctions, infrastructure investments and/or an increased military presence in the spirit of deterrence.
The likelihood of a US invasion, unlike the country’s recent capture of Nicolas Maduro, president of Venezuela – whose corrupt government is a matter of public record – is considerably lower, given that it would put one of the world’s key defense alliances in jeopardy, but the prospect is nevertheless injecting uncertainty into markets Greenland actively contributes to, including oil and critical minerals, meriting a closer look at Greenland-based companies built to deliver long-term shareholder value, supposing a peaceful solution to Trump’s whim is reached.
A fundamentally sound operator to think about is Amaroq, market capitalization C$1.11 billion, an acquirer, explorer, developer and producer advancing an untapped gold and critical metals portfolio across the Danish territory.
Amaroq’s flagship 100-per-cent-owned Nalunaq gold mine, one of the highest-grade in the world, is currently in production, delivering 6,600 ounces in 2025 in line with guidance, with mining and processing expected to remain consistent in 2026. The property’s resources are estimated at 157,646 ounces of gold indicated and 326,313 ounces inferred, representing more than US$2.2 billion in the ground. Leadership expects to announce Nalunaq’s production guidance and budget for 2026 in late February.
The company is also advancing high-grade satellite gold targets at the Vagar Ridge project located in the Niaqornaarsuk peninsula, home to the strongest gold anomalies in Greenland, and the Nanoq project, located within a regional shear system favourable for gold mineralization, which the company has verified through geological surveys and airborne geophysics, with bulk sampling expected by 2027.
Additionally, Amaroq holds a 100-per-cent interest in the Black Angel zinc-lead-silver project in West Greenland, one of the country’s highest-grade base metal operations, as well as critical metals licenses across South Greenland, including the Stendalen copper-nickel sulphides discovery, featuring geology similar to the monumental Voisey’s Bay project in Newfoundland and Labrador, and within the Sava copper belt, where mineralization resembles that of the Central mineral belt in Labrador and the Kiruna belt in Scandinavia, both of which house globally significant iron oxide copper-gold deposits.
According to the company’s January 2026 investor presentation, it ended Q3 with $45 million in liquidity, putting its leadership team – guided by a CEO with 15 years of Greenland-based mining experience from exploration to production – in a strong financial position to create value from its project portfolio into the next decade.
Investors have shown conviction in the company’s value proposition since inception, lifting Amaroq stock (TSXV:AMRQ) by more than 260 per cent since July 2022, including 13.43 per cent year to date, with shares last trading at C$2.28 and further growth supported by statements from Greenland’s government and prime minister on Monday siding with democracy and NATO allegiance, openly defying the Trump administration’s assertions that the territory would benefit from protection under US control.
*All data as of January 13, 2026.
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