Photo Credit: Sean Gallup/Getty Images
The Western Coast of England is being searched for vital resources with the help of the world’s billionaires, who are currently investing enormous sums of money. Transmitters and aircraft have been used by the executives to begin their “treasure hunt.”
As global temperatures rise, Greenland’s ice sheets have begun to melt at incredible speeds. Ironically, the condition has allowed corporations and mining industries to look into untapped riches lurking beneath the Greenland ice sheets. They assert that the region might offer vital minerals that could support nations’ transitions to green energy.
Billionaires, including Bill Gates, Michael Bloomberg, Jeff Bezos, and a host of others, claim that minerals beneath Greenland’s Nuussuaq Peninsula and Disko Island are capable of supplying “hundreds of millions” of electric vehicles with power.
“We are looking for a deposit that will be the first- or second-largest most significant nickel and cobalt deposit in the world,” explained Kurt House, the CEO of Kobold Metals.
On the one hand, the locations where the ice sheets are melting may be the center of the effects of climate change, but they may also be the epicenter for the discovery of precious metals. According to experts, the outsourced materials could resolve countries’ power issues if investors’ suspicions are accurate.
With Kobold Metals, a California-based mineral exploration company, many of the billionaires interested in the project have teamed up with other experts in the field. Bloomberg, Bezos, and Gates all remained silent on the subject. Bluejay Mining is also a component of the group, working with Kobold Metals to uncover the precious components essential for creating effective electric vehicles and batteries that might store renewable energy.
Thirty experts, including geophysicists, geologists, cooks, mechanics, and pilots, are working with Kobold Metals and Bluejay Mining to locate the resources they need.
What the team is currently doing
In order to measure the electromagnetic field of the subsurface, the team deployed in the area is now gathering soil samples and employing transmitter-equipped drones and helicopters. Additionally, it would assist them in laying out the subsurface information systematically. Finally, as preparation for the crew to begin digging next summer, artificial intelligence technology would build a model for them.
“It is a concern to witness the consequences and impacts of the climate changes in Greenland. But, generally speaking, climate changes overall have made exploration and mining in Greenland easier and more accessible,” Bo Møller Stensgaard said, Bluejay Mining CEO.
Longer ice-free intervals, in Stensgaard’s viewpoint, allow their teams to finish shipments that contain substantial machinery for employment and export the metals they hope to locate in the region.
Mike Sfraga, chair of the United States Arctic Research Commission, said, “As these trends continue well into the future, there is no question more land will become accessible, and some of this land may carry the potential for mineral development.”
Greenland government is amenable to the project
“The government of Greenland supports the responsible, sustainable, and economically viable development of their natural resources to include mining of a broad range of minerals,” Sfraga said.
Several resources, including gold, copper, coal, zinc, and other rare elements, could be found in abundance in Greenland, according to the Geological Survey of Denmark and Greenland. The government of Greenland, according to the agency, “recognizes the country’s potential to diversify the national economy through mineral extraction.”
The team is permitted to set up camp in the area, according to assessments made by the Greenland administration.
However, experts are worried about the sea levels that are rising due to ice sheet melting.
“The big concern for Arctic sea ice is that it’s been disappearing over the last several decades its predicted to potentially disappear in 20 to 30 years. In the fall, what used to be Artic ice cover year-round is now just going to be seasonal ice cover,” said NASA scientist Nathan Kurtz.
Opinions expressed by Texas Today contributors are their own.