00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shares of U.S.-listed companies exposed to Greenland surged Monday after the U.S. and
00:07Denmark reached a security agreement covering the Arctic Territory, according to CNBC.
00:13Greenland Energy soared more than 154 percent in pre-market trading, while Greenland Mines
00:18gained more than 70 percent, and Critical Metals Corp rose nearly 27 percent.
00:23The agreement is expected to be signed during the United Nations General Assembly this week.
00:28It would allow the U.S., Denmark, and Greenland to develop a military presence in Greenland
00:33while blocking Washington's adversaries from establishing bases there.
00:36President Trump said the U.S. would begin developing a large military presence in Greenland at no
00:42cost to Washington.
00:43Greenland Prime Minister Jens Frederik Nielsen said the agreement would strengthen security
00:48for Greenland, Denmark, the U.S., and the Western Alliance while recognizing Greenland's interests
00:53and role in international cooperation.
00:55Key details of the agreement have not been made public.
00:59For all things money, visit Benzinga.com.
Comments