Trump wants to invest in Critical Metals, a company controlled by Frank Timiș

Reuters published an article stating that the US administration is actively considering investing in Critical Metals Corp., the New York Stock Exchange-listed company that owns the Tanbreez project.

Although not explicitly mentioned in the article, Frank Timiș is, through his majority stake in European Lithium (Frankfurt), the controlling shareholder of this entity.

Any step taken by the US government in this direction implies, directly or indirectly, the approval—or at least the consent—of the Romanian businessman.

Increased interest

This is no coincidence, considering that the Tanbreez project is considered by experts to be one of the most advanced and viable in the region. Sources close to the case claim that major players in the defense and energy industries, as well as governments in the Gulf region—including Qatar—have expressed direct interest in the project owned by Critical Metals.

In September, Newsweek reported that the Tanbreez project, one of Greenland's most valuable heavy rare metal deposits, is indirectly under the control of Frank Timiș. 

The project has now begun to accelerate, as confirmed by official moves, diplomatic sources, and geopolitically driven capital flows.

From a position that was barely visible at the beginning of autumn, Tanbreez is becoming an active player on the geopolitical stage.

This is also because, unlike many other mining initiatives in Greenland, the project in question already has a full operating license, obtained in 2020, in an area with no indigenous communities or protected natural areas.

This positioning makes it a rare, unhindered case: the resource is there, the approvals are there, and it is not subject to bureaucratic bottlenecks, at a time when the world is urgently seeking alternatives to China.

In this context, the Romanian businessman, known for his surprising moves in the global resource industry, is becoming increasingly present in the world's major resource projects.

The deposit everyone wants

The eudialyte deposit in southern Greenland contains rare heavy elements that are critical for the production of permanent magnets, indispensable components in electric motors, wind turbines, military guidance systems, as well as in medical and aerospace technologies.

Estimates suggest an operational life of several decades, with an extraction volume that could supply entire industries. And while in the past such topics remained in the discreet realm of assessment reports and boardrooms, they now feature in official press releases, government briefings, and conversations between chancellors.

At the center of these affairs is, once again, Frank Timiș, a businessman who is not very communicative but who, almost constantly in recent decades, has appeared at important moments.

Frank Timiș's portfolio of companies includes rare metals such as niobium, gallium, terbium, dysprosium, scandium, and tantalum, the same metals that China possesses and no longer exports to Europe and the US. 

It remains to be seen who Frank Timiș will grant exclusive rights to use the rare metals he owns in Europe.