Kuannersuit company wants on the American stock exchange

The Australian Minerals Corporation Energy Transition Minerals, which via their Greenlandic subsidiary Greenland Minerals, currently runs one lawsuit against the self-government because they believe they have been wrongfully denied one exploitation permit for Kuannersuit, will now investigate the possibilities to come on the American stock exchange Nasdaq.

The goal of such an IPO is to get closer American investors, the company states in a current announcement. Same strategy as Critical Metals Corp.

The Australian Minerals Corporation Energy Transition Minerals, which via their Greenlandic subsidiary Greenland Minerals, currently runs one lawsuit against the self-government because they believe they have been wrongfully denied one exploitation permit for Kuannersuit, will now investigate the possibilities to come on the American stock exchange Nasdaq.

The goal of such an IPO is to get closer American investors, the company states in a current announcement. Same strategy as Critical Metals Corp.

It is the investment bank Cohen & Company Market based in New York, where has been tasked with investigating and advising Energy Transition Minerals on what required for them to be listed on the Nasdaq.

The investment bank according to the company, has extensive experience with a special form of stock market listing called SPAC (Special Purpose Acquisition Company), which among other things was also used, then another Australian company with an interest in Greenland; Critical Metals Corp, was listed last year.

Here it was also Cohen & Company Market that stood for the task.

Access to American markets

According to ETM's managing director Daniel Mamadou, the company's strategy is in line with the Western world's desire to break China's monopoly on supply of rare earths. And “Given that most of the drive to do this is led by the US, it makes complete sense to pursue one Nasdaq listing, where we can access the right investor support and capital to take the strategy to the next level", says Daniel Mamadou i the stock exchange announcement, where he also expresses that he is "looking forward to working together with the Cohen team to unlock the enormous value in the Kuannersuit project to benefit to shareholders and other stakeholders”.

Money for a lawsuit

Professor of financial management at Aalborg University, Per Nikolaj Bukh, has also read the stock exchange announcement, and he considers that the possible IPO in the US is acting to gain access to capital to cover the legal proceedings the company is facing for in Greenland.

- The company needs capital for the trial, and you want to have that space before you get too much pressure. And it may well be that the company sitting on a golden egg if they win the lawsuit, reach a settlement or just get it money back that they have invested.

The company's demands are that they want permission to continue the project at Kuannersuit towards an exploitation permit. Alternatively, 76 billion kroner in compensation.

Not coincidental timing

Per Nikolaj Bukh also insists on the timing of the announcement precisely in 2025, when Trump has said several times that the US needs Greenland for the sake of national security.

– If you are an American investor and believe just a little bit that it will Trump managed to take over Greenland in one constellation or another, so you probably want to invest in this company because you think the US will be able to influence Greenland to enter into a settlement in exchange for perhaps having others put forward investments in the business world in prospect, says Per Nikolaj Bukh.

Will appoint American adviser

ETM announced a few months ago that they had appointed two advisers from Denmark. The former Minister of Foreign Affairs Jeppe Kofod and former ambassador in USA, China and Germany, Friis Arne Petersen.

In addition, the company now writes that they are actively working on appoint an American adviser to strengthen ties with the investor market and the American politicians.

The first meeting in the case between Energy Transition Minerals/Greenland Minerals and the Self-Government is set for 12 January 2026, after which a schedule for the further course of the case is expected to be published.