The Trump administration is weighing an equity stake in Critical Metals Corp, a New York-based company developing Greenland’s Tanbreez rare earths project. According to four people familiar with the talks, Washington could convert a proposed $50 million Defense Production Act grant into an equity stake of roughly 8%. The deposit holds significant quantities of rare earths, gallium, and tantalum—resources largely dominated by China. In addition to the possible equity stake, the U.S. Export-Import Bank is reviewing a $120 million loan to accelerate development of Tanbreez. Today, the focus has shifted to securing rare earths—critical for national security and future technologies—making the Tanbreez project a centerpiece of Washington’s mineral strategy.