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Greenland Oil Hits The Nasdaq, Amazon's New Humanoid Robot, And Terbium Oxide Production Comes To America

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An Oil Company In Greenland Has Hit Wall Street

Greenland Energy Company (NASDAQ: GLND) successfully closed their business combination with Pelican Acquisition Corp and begun trading on the Nasdaq. The company’s flagship asset is the historic Jameson Land Basin located in East Greenland which potentially contains up to 13 billion barrels of recoverable oil. Former American oil giant ARCO previously owned the licenses to explore the Jameson Land Basin and spent approximately $275 million exploring the project.

Amazon Acquires Humanoid Robot Startup

Amazon (NASDAQ: AMZN) officially acquired New York based robotics company Fauna Robotics. Fauna Robotics’ flagship robot known as Sprout is a developer focused humanoid robot that is lightweight and is purpose built to safely operate in complex environments as a platform for building new applications.

Energy Fuels Produces Terbium Oxide In America

Energy Fuels (NYSE: UUUU) successfully produced their first kilogram of terbium oxide at their White Mesa Mill located in Utah. Terbium oxide is a heavy rare earth oxide that is highly important input for producing rare earth permanent magnets that are used in electric vehicles, robotics and military defense systems.

REalloys: The Pentagon’s Newest Rare Earth Magnet Partner

REalloys (NASDAQ: ALOY) has been awarded a contract from the United States Defense Logistics Agency to design a modular plant to produce samarium and gadolinium metal for rare earth magnets located in Ohio.

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