Massive Treasure Hunt In Greenland. It Could Change The Future

Some of the world's wealthiest people are financing a massive treasure hunt,  complete with helicopters and transmitters, on the west coast of Greenland.

The climate crisis is melting Greenland at an unprecedented rate, which ironically creates not only big problems for humanity but also an opportunity for investors and mining companies seeking a treasure trove of essential minerals capable of fueling the green energy transition.

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

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

The disappearance of the Arctic ice highlights a unique dichotomy: Greenland is ground zero for the impacts of climate change, but it could also become ground zero for the supply of the metals needed to fuel the solution to the crisis.

Thus, some of the wealthiest men on the planet invest in a "treasure hunt" in Greenland. They are financially backing Kobold Metals, a California-based mineral exploration company and startup, company representatives told the source.

Kobold Metals is working in partnership with Bluejay Mining to find rare and precious metals in Greenland, which are needed to build electric vehicles and massive batteries to store renewable energy.

The Treasure Hunt In Greenland Involves Scientists

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

They are using artificial intelligence to analyze the data to pinpoint exactly where to drill starting next summer.

According to the Geological Survey of Denmark and Greenland, Greenland could be a hot spot for coal, copper, gold, rare earth elements, and zinc. The government of Greenland has made several "resource assessments across the entire ice-free land" and the government "recognizes the country's potential to diversify the national economy through mineral extraction".

Meanwhile, Greenland's disappearing ice—and rising sea levels—is a big concern for scientists studying the Arctic.

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