Billionaires funding massive treasure hunt in Greenland

Billionaires funding massive treasure hunt in Greenland

By Alipate Narawa
Tuesday 09/08/2022
[Image: ksltv]

Some of the world's richest men are funding a massive treasure hunt, complete with helicopters and transmitters, on the west coast of Greenland.

The climate crisis is melting Greenland down at an unprecedented rate, which is creating an opportunity for investors and mining companies who are searching for a trove of critical minerals capable of powering the green energy transition.

A group of billionaires, including Jeff Bezos, Michael Bloomberg and Bill Gates, among others, are betting that below the surface of the hills and valleys on Greenland's Disko Island and Nuussuaq Peninsula there are enough critical minerals to power hundreds of millions of electric vehicles.

CEO of Kobold Metals, Kurt House, says they are looking for a deposit that will be the first or second-largest most significant nickel and cobalt deposit in the world.

Greenland is ground zero for the impacts of climate change, but it could also become ground zero for sourcing the metals needed to power the solution to the crisis.

The billionaire club is financially backing Kobold Metals, a mineral exploration company and California-based startup. Bezos, Bloomberg and Gates did not respond to CNN's requests for comment on this story.

Kobold is partnered with Bluejay Mining to find the rare and precious metals in Greenland that are necessary to build electric vehicles and massive batteries to store renewable energy.

Thirty geologists, geophysicists, cooks, pilots and mechanics are camped at the site where Kobold and Blujay are searching for the buried treasure.

[Source: CNN]



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