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Trump Eyes Greenland’s Resources

Senior officials in President-elect Trump’s incoming administration suggested Sunday that the United States could pursue diplomatic channels to increase its presence in Greenland, while sending mixed signals about potential military action to acquire the resource-rich island.

Vice President-elect JD Vance told Fox News Sunday that “there’s a deal to be made in Greenland,” saying the territory is “really important for America strategically” and has “a lot of great natural resources.”

You can read more on the matter here.

• Critical Minerals Strategy Key to US Military Readiness, Pentagon Says (theDeepDive)

• Most Canadians say GST tax break will have no impact on finances: Nanos survey (CTV)

• pain proposes 100% tax on property purchases for non-EU buyers

  (FT)

• Another Top Liberal Rules Out Leadership Bid (theDeepDive)

• Singh calls for suspension of critical minerals exports to U.S. if Trump imposes tariffs (Globe)

• Trump Claims U.S. Doesn’t Need Canada—But the Numbers Tell a Different Story (theDeepDive)

• Bill Ackman says he wants to build a ‘modern-day Berkshire Hathaway’ (FT)

• Musk Denies Social Credit System After AI Bot Gives Users Low Scores (theDeepDive)

• Canada Post says 25% stamp price increase takes effect today (Globe)

What’s the latest?

• India's inflation: India's inflation eased to 5.22% in December, the slowest since August 2024, down from October's 14-month high of 6.21%. Food inflation fell to 8.39%, with vegetables showing a significant decline from 42.18% in October to 26.56% in December. Analysts expect the Reserve Bank of India to cut the repo rate by 25 basis points in February, though a weakening rupee, which hit a record low of 86.58 against the dollar, may pose challenges. India’s GDP growth slowed to 5.4% in Q2, with a full-year forecast of 6.5%, below RBI’s 6.6% estimate.

• Crypto: Bitcoin briefly dipped below $90,000 on Monday, reaching a low of $89,259 before stabilizing at $92,567, marking a 9% decline over the past week. Ether fell 7%, and the broader crypto market dropped over 5%, with Coinbase and MicroStrategy shares down 4% and 3%, respectively. The decline was triggered by stronger-than-expected U.S. payroll data, a rally in the dollar, and concerns about tariff plans, prompting liquidity shifts away from crypto.

• Moderna: Moderna lowered its 2025 revenue guidance to $1.5–$2.5 billion, down from $2.5–$3.5 billion, citing competition, declining vaccination rates, manufacturing timing, and CDC RSV recommendations. U.S. Covid market share dropped to 40% in 2024, and vaccination rates fell 7%. The company plans $1 billion in 2025 cost reductions and aims to launch 10 new products in the next three years. Covid vaccine sales dropped from $6.7 billion in 2023 to $3 billion in 2024.

• Earthquake: A 6.9 magnitude earthquake struck Japan's Kyushu region on Monday, prompting tsunami advisories for waves up to 1 meter in Miyazaki and Kochi prefectures. A 20-centimeter tsunami reached Miyazaki city, home to 400,000 people, with no reported abnormalities at nearby nuclear power plants. The Japan Meteorological Agency is investigating links to the Nankai Trough, a zone previously flagged for heightened megaquake risks.

• IPO: Venture Global aims to raise up to $2.30 billion in its New York IPO, valuing the company at $110.38 billion. The offering of 50 million shares at $40-$46 each would be the largest U.S. energy IPO since 2011. The company operates five LNG projects with a peak capacity of 143.8 million tonnes annually and has raised $54 billion in project capital, generating $19.6 billion in LNG sales as of Q3 2024.

Altius Minerals: 25% higher yields uncovered

The stock market and stuff

• JPMorgan Weighs Full Return to Office for All Staff (theDeepDive)

• Barrick urges investors to reject ‘mini tender offer’ from Toronto investment firm (Globe)

• Crypto firm Tether and its founders finalising move to El Salvador (Reuters)

• Meta Platforms Abandons Fact-Checkers, Copies “Community Notes” Instead (theDeepDive)

In the juniors

• Goliath Resources Hits 34.47 g/t Gold Over 39 Metres At Golddigger (theDeepDive)

• FPX Nickel Releases Economic Impact Study Estimating $45 Billion GDP Contribution From Baptiste Project (theDeepDive)

• Jaguar Mining Sees Gold Production Fall 20% In Q4 2024 (theDeepDive)

• Mako Mining Recovers 12,182 Gold Equivalent Ounces In Q4 2024 (theDeepDive)

FULL DISCLOSURE:Giant Mining Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Giant Mining Corp.. The author has been compensated to cover Giant Mining Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.