The U.S. government intends to purchase equity in Critical Metals (CM), which is part of the Trump administration's strategy to strengthen control over the global supply of critical minerals. If these agreements are signed, the U.S. would gain direct control of the Tanbreez project in southern Greenland, one of the world's largest rare earth deposits. Previously, CM had increased its stake in the project from 42% to 92.5%. A U.S. government official revealed that CM is one of 'hundreds of companies' with critical mineral projects seeking investment from the U.S. government. Another source indicated that negotiations have been ongoing for six weeks, including a proposal to convert the $50 million in U.S. government funding received by the company—applied for in June—into equity. If CM accepts this offer, the U.S. government would hold an 8% stake in CM and its Tanbreez rare earth project in southern Greenland. According to CM's estimates, the Tanbreez deposit contains at least 45 million tons of resources, hosted in vast layered peralkaline syenite, which has so far been scarcely explored. About one-third of the resource consists of heavy rare earth elements.